Australia Burial Insurance Market Size & Outlook, 2022-2030
Related Markets
Australia burial insurance market highlights
- The Australia burial insurance market generated a revenue of USD 14.2 million in 2022 and is expected to reach USD 25.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, modified or graded death benefit was the largest revenue generating type in 2022.
- Level Death Benefit is the most lucrative type segment registering the fastest growth during the forecast period.
Burial insurance market data book summary
| Market revenue in 2022 | USD 14.2 million |
| Market revenue in 2030 | USD 25.8 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Modified or graded death benefit |
| Fastest growing segment | Level Death Benefit |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Level Death Benefit, Guaranteed Acceptance, Modified or Graded Death Benefit |
| Key market players worldwide | Zurich Insurance Group AG, Globe Life Inc, Assicurazioni Generali, Foresters Financial Services, Royal Neighbors of America, Gerber Life Insurance Company, Mutual Of Omaha, Fidelity National Financial Inc, Colonial Penn Life Insurance, Baltimore Life Insurance Company |
Other key industry trends
- In terms of revenue, Australia accounted for 5.5% of the global burial insurance market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Australia burial insurance market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 25.3 million by 2030.
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Burial Insurance Market Scope
Burial Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Baltimore Life Insurance Company | View profile | 251-500 | Owings Mills, Maryland, United States, North America | https://www.baltlife.com/ |
| Colonial Penn Life Insurance | View profile | 501-1000 | Philadelphia, Pennsylvania, United States, North America | https://www.colonialpenn.com |
| Fidelity National Financial Inc | View profile | 20516 | 601 Riverside Avenue, Jacksonville, FL, United States, 32204 | https://www.fnf.com |
| Mutual Of Omaha | View profile | 5001-10000 | Omaha, Nebraska, United States, North America | http://www.mutualofomaha.com |
| Gerber Life Insurance Company | View profile | 251-500 | Fremont, Missouri, United States, North America | http://gerberlife.com |
| Royal Neighbors of America | View profile | 251-500 | Rock Island, Illinois, United States, North America | http://www.royalneighbors.org |
| Foresters Financial Services | View profile | 1001-5000 | Buffalo, New York, United States, North America | http://www.foresters.com/ |
| Assicurazioni Generali | View profile | 82000 | Piazza Duca degli Abruzzi, 2, Trieste, Italy, 34132 | https://www.generali.com |
| Globe Life Inc | View profile | 3636 | 3700 South Stonebridge Drive, McKinney, TX, United States, 75070 | https://www.globelifeinsurance.com |
| Zurich Insurance Group AG | View profile | 59593 | Mythenquai 2, Corporate Center, Zurich, Switzerland, 8002 | https://www.zurich.com |
Australia burial insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to burial insurance market will help companies and investors design strategic landscapes.
Modified or graded death benefit was the largest segment with a revenue share of 45.77% in 2022. Horizon Databook has segmented the Australia burial insurance market based on level death benefit, guaranteed acceptance, modified or graded death benefit covering the revenue growth of each sub-segment from 2018 to 2030.
- Australia Burial Insurance Type Outlook (Revenue, USD Million, 2018-2030)
- Modified or Graded Death Benefit
- Guaranteed Acceptance
- Level Death Benefit
- Australia Burial Insurance End Use Outlook (Revenue, USD Million, 2018-2030)
- Over 50
- Over 60
- Over 70
- Over 80
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Target buyers of Australia burial insurance market databook
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Our clientele includes a mix of burial insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia burial insurance market , including forecasts for subscribers. This country databook contains high-level insights into Australia burial insurance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia burial insurance market size, by type, 2018-2030 (US$M)
Australia Burial Insurance Market Outlook Share, 2022 & 2030 (US$M)
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