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Report
Life insurance & Pension BRIC (Brazil, Russia, India, China) Industry Guide 2020-2029
Industry Report I 2025-12-24 I 340 Pages I MarketLine
Life insurance & Pension BRIC (Brazil, Russia, India, China) Industry Guide 2020-2029
Summary
The BRIC Life Insurance & Pension industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Brazil, Russian Federation, India and China (BRIC) are the emerging and fast growing countries within the life insurance & pension industry and had a total market value of $618.8 billion in 2024. Russia was the fastest growing country with a CAGR of 10% over the 2020-24 period.
- Within the life insurance & pension industry, China is the leading country among the BRIC nations with market revenues of $459.7 billion in 2024. This was followed by India, Brazil and Russia with a value of $110.2, $40.2, and $8.7 billion, respectively.
- China is expected to lead the life insurance & pension industry in the BRIC nations with a value of $616.8 billion in 2029, followed by India, Brazil, Russia with expected values of $149.2, $49.4 and $14.0 billion, respectively.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the BRIC life insurance & pension market
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the BRIC life insurance & pension market
- Leading company profiles reveal details of key life insurance & pension market players' BRIC operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the BRIC life insurance & pension market with five year forecasts
- Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country
Reasons to Buy
- What was the size of the BRIC life insurance & pension market by value in 2024?
- What will be the size of the BRIC life insurance & pension market in 2029?
- What factors are affecting the strength of competition in the BRIC life insurance & pension market?
- How has the market performed over the last five years?
- What are the main segments that make up the BRIC life insurance & pension market?
Table of Contents
1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 BRIC Life Insurance & Pension
2.1. Industry Outlook
3 Life Insurance & Pension in Brazil
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Life Insurance & Pension in China
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Life Insurance & Pension in India
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Life Insurance & Pension in Russia
9.1. Market Overview
9.2. Market Data
9.3. Market Segmentation
9.4. Market outlook
9.5. Five forces analysis
10 Macroeconomic Indicators
10.1. Country data
11 Company Profiles
11.1. Brasilprev Seguros e Previdencia SA
11.2. Globe Life Inc
11.3. BNP Paribas Cardif
11.4. CNP Assurances SA
11.5. Confederation Nationale du Credit Mutuel
11.6. Credit Agricole SA
11.7. R+V Versicherung AG
11.8. Zurich Insurance Group Ltd
11.9. Allianz SE
11.10. Assicurazioni Generali SpA
11.11. Intesa Sanpaolo SpA
11.12. Poste Vita SpA
11.13. Nippon Life Insurance Co
11.14. Tokio Marine Holdings Inc
11.15. Dai-ichi Life Holdings Inc
11.16. MS&AD Insurance Group Holdings, Inc.
11.17. Rosgosstrakh
11.18. Sberbank Life Insurance
11.19. Renaissance Life Insurance Company Russia
11.20. Alfa Strakhovanie -Life LLC
11.21. Scottish Widows Services Limited
11.22. Legal & General Assurance Society Limited
11.23. Rothesay Life Plc
11.24. Aviva Plc
11.25. Metropolitan Insurance Group Inc
11.26. The Northwestern Mutual Life Insurance Co
11.27. Knights of Columbus
11.28. Grupo Nacional Provincial SAB
11.29. MetLife Inc
11.30. Grupo Financiero Banorte SAB de CV
11.31. BBVA
11.32. Prudential Financial Inc
11.33. Hollard Insurance Group
11.34. Guardrisk Insurance Company Ltd
11.35. Old Mutual Life Assurance Company (South Africa) Limited
11.36. Liberty Group Ltd
11.37. Brasilprev Seguros e Previdencia SA
11.38. CaixaBank SA
11.39. Banco Bradesco SA
11.40. China Pacific Life Insurance Co Ltd
11.41. KGI Life Insurance Co Ltd
11.42. Taikang Insurance Group
11.43. Ping An Insurance (Group) Company of China Ltd
11.44. HDFC Life Insurance Co Ltd
11.45. ICICI Prudential Life Insurance Co Ltd
11.46. SBI Life Insurance Co Ltd
11.47. Nan Shan Life Insurance Co Ltd
11.48. Fubon Life Insurance Co., Ltd
11.49. The Great Eastern Life Assurance Company Ltd
11.50. Nordea Life Assurance Finland Ltd
11.51. Mandatum Life Insurance Co Ltd
11.52. LocalTapiola Mutual Life Insurance Company
11.53. OP Life Assurance Company ltd
11.54. PT Axa Mandiri Financial Services
11.55. PT Paninvest Tbk
11.56. PT Panin Financial Tbk
11.57. SRLEV N.V.
11.58. ASR Nederland NV
11.59. Dela Cooperatie
11.60. Aegon Ltd
11.61. Nordea Liv
11.62. DNB Livsforsikring ASA
11.63. Kommunal Landspensjonskasse
11.64. Manulife (Singapore) Pte Ltd
11.65. AIA Group Ltd
11.66. Prudential Plc
11.67. Kyobo Life Insurance Co Ltd
11.68. Hanwha Life Insurance Co Ltd
11.69. KB Financial Group Inc
11.70. Samsung Life Insurance Co Ltd
11.71. Santander Seguros y Reaseguros, Compania Aseguradora SA
11.72. VidaCaixa, S.A.U. de Seguros y Reaseguros
11.73. Mapfre SA
11.74. Folksam
11.75. Alecta Pensionsforsakring Omsesidigt
11.76. Skandinaviska Enskilda Banken AB
11.77. Avanza Bank Holding AB
11.78. Turkiye Hayat Ve Emeklilik AS
11.79. AgeSA Hayat ve Emeklilik AS
11.80. Anadolu Hayat Emeklilik AS
11.81. Zurich Australia Ltd
11.82. MLC Ltd
11.83. TAL Dai-ichi Life Australia Pty Ltd
11.84. PFA Pension Forsikringsaktieselskab
11.85. AP Pension Livsforsikringsaktieselskab
11.86. Velliv, Pension & Livsforsikring A/S
11.87. Danica Pension AS
12 Appendix
12.1. Methodology
12.2. About MarketLine
List of Tables
Table 1: BRIC life insurance & pension industry, revenue($bn), 2020-29
Table 2: BRIC life insurance & pension industry, revenue($bn), 2020-24
Table 3: BRIC life insurance & pension industry, revenue($bn), 2024-29
Table 4: Brazil life insurance & pension market value: $ billion, 2019-24
Table 5: Brazil life insurance & pension market category segmentation: % share, by value, 2019-24
Table 6: Brazil life insurance & pension market category segmentation: $ billion, 2019-24
Table 7: Brazil life insurance & pension market geography segmentation: $ billion, 2024
Table 8: Brazil life insurance & pension market share: % share, by value, 2024
Table 9: Brazil life insurance & pension market value forecast: $ billion, 2024-29
Table 10: Brazil Size of Population (Million), 2020-24
Table 11: Brazil Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 12: Brazil GDP (Current Prices, $ Billion), 2020-24
Table 13: Brazil Inflation, 2020-24
Table 14: Brazil Consumer Price Index (Absolute), 2020-24
Table 15: Brazil Exchange Rate, 2019-24
Table 16: China life insurance & pension market value: $ billion, 2019-24
Table 17: China life insurance & pension market category segmentation: % share, by value, 2019-24
Table 18: China life insurance & pension market category segmentation: $ billion, 2019-24
Table 19: China life insurance & pension market geography segmentation: $ billion, 2024
Table 20: China life insurance & pension market share: % share, by value, 2024
Table 21: China life insurance & pension market value forecast: $ billion, 2024-29
Table 22: China Size of Population (Million), 2020-24
Table 23: China Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 24: China GDP (Current Prices, $ Billion), 2020-24
Table 25: China Inflation, 2020-24
Table 26: China Consumer Price Index (Absolute), 2020-24
Table 27: China Exchange Rate, 2019-24
Table 28: India life insurance & pension market value: $ billion, 2019-24
Table 29: India life insurance & pension market category segmentation: % share, by value, 2019-24
Table 30: India life insurance & pension market category segmentation: $ billion, 2019-24
Table 31: India life insurance & pension market geography segmentation: $ billion, 2024
Table 32: India life insurance & pension market share: % share, by value, 2024
Table 33: India life insurance & pension market value forecast: $ billion, 2024-29
Table 34: India Size of Population (Million), 2020-24
Table 35: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 36: India GDP (Current Prices, $ Billion), 2020-24
Table 37: India Inflation, 2020-24
Table 38: India Consumer Price Index (Absolute), 2020-24
Table 39: India Exchange Rate, 2019-24
Table 40: Russia life insurance & pension market value: $ billion, 2019-24
Table 41: Russia life insurance & pension market category segmentation: % share, by value, 2019-24
Table 42: Russia life insurance & pension market category segmentation: $ billion, 2019-24
Table 43: Russia life insurance & pension market geography segmentation: $ billion, 2024
Table 44: Russia life insurance & pension market share: % share, by value, 2024
Table 45: Russia life insurance & pension market value forecast: $ billion, 2024-29
Table 46: Russia Size of Population (Million), 2020-24
Table 47: Russia Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 48: Russia GDP (Current Prices, $ Billion), 2020-24
Table 49: Russia Inflation, 2020-24
Table 50: Russia Consumer Price Index (Absolute), 2020-24
Table 51: Russia Exchange Rate, 2019-24
List of Figures
Figure 1: BRIC life insurance & pension industry, revenue($bn), 2020-29
Figure 2: BRIC life insurance & pension industry, revenue($bn), 2020-24
Figure 3: BRIC life insurance & pension industry, revenue($bn), 2024-29
Figure 4: Brazil life insurance & pension market value: $ billion, 2019-24
Figure 5: Brazil life insurance & pension market category segmentation: $ billion, 2019-24
Figure 6: Brazil life insurance & pension market geography segmentation: % share, by value, 2024
Figure 7: Brazil life insurance & pension market share: % share, by value, 2024
Figure 8: Brazil life insurance & pension market value forecast: $ billion, 2024-29
Figure 9: Forces driving competition in the life insurance & pension market in Brazil, 2024
Figure 10: Drivers of buyer power in the life insurance & pension market in Brazil, 2024
Figure 11: Drivers of supplier power in the life insurance & pension market in Brazil, 2024
Figure 12: Factors influencing the likelihood of new entrants in the life insurance & pension market in Brazil, 2024
Figure 13: Factors influencing the threat of substitutes in the life insurance & pension market in Brazil, 2024
Figure 14: Drivers of degree of rivalry in the life insurance & pension market in Brazil, 2024
Figure 15: China life insurance & pension market value: $ billion, 2019-24
Figure 16: China life insurance & pension market category segmentation: $ billion, 2019-24
Figure 17: China life insurance & pension market geography segmentation: % share, by value, 2024
Figure 18: China life insurance & pension market share: % share, by value, 2024
Figure 19: China life insurance & pension market value forecast: $ billion, 2024-29
Figure 20: Forces driving competition in the life insurance & pension market in China, 2024
Figure 21: Drivers of buyer power in the life insurance & pension market in China, 2024
Figure 22: Drivers of supplier power in the life insurance & pension market in China, 2024
Figure 23: Factors influencing the likelihood of new entrants in the life insurance & pension market in China, 2024
Figure 24: Factors influencing the threat of substitutes in the life insurance & pension market in China, 2024
Figure 25: Drivers of degree of rivalry in the life insurance & pension market in China, 2024
Figure 26: India life insurance & pension market value: $ billion, 2019-24
Figure 27: India life insurance & pension market category segmentation: $ billion, 2019-24
Figure 28: India life insurance & pension market geography segmentation: % share, by value, 2024
Figure 29: India life insurance & pension market share: % share, by value, 2024
Figure 30: India life insurance & pension market value forecast: $ billion, 2024-29
Figure 31: Forces driving competition in the life insurance & pension market in India, 2024
Figure 32: Drivers of buyer power in the life insurance & pension market in India, 2024
Figure 33: Drivers of supplier power in the life insurance & pension market in India, 2024
Figure 34: Factors influencing the likelihood of new entrants in the life insurance & pension market in India, 2024
Figure 35: Factors influencing the threat of substitutes in the life insurance & pension market in India, 2024
Figure 36: Drivers of degree of rivalry in the life insurance & pension market in India, 2024
Figure 37: Russia life insurance & pension market value: $ billion, 2019-24
Figure 38: Russia life insurance & pension market category segmentation: $ billion, 2019-24
Figure 39: Russia life insurance & pension market geography segmentation: % share, by value, 2024
Figure 40: Russia life insurance & pension market share: % share, by value, 2024
Figure 41: Russia life insurance & pension market value forecast: $ billion, 2024-29
Figure 42: Forces driving competition in the life insurance & pension market in Russia, 2024
Figure 43: Drivers of buyer power in the life insurance & pension market in Russia, 2024
Figure 44: Drivers of supplier power in the life insurance & pension market in Russia, 2024
Figure 45: Factors influencing the likelihood of new entrants in the life insurance & pension market in Russia, 2024
Figure 46: Factors influencing the threat of substitutes in the life insurance & pension market in Russia, 2024
Figure 47: Drivers of degree of rivalry in the life insurance & pension market in Russia, 2024
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