Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • War Day 47 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych
    War Day 47 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych World News
  • TINECO Token, A New DEFI May It Hits trillion Market Cap At Launch
    TINECO Token, A New DEFI May It Hits $1trillion Market Cap At Launch Business
  • Ned Price’s Service as the Department Spokesperson
    Ned Price’s Service as the Department Spokesperson World News
  • Green Agriculture aviation solution presented by Edison Aerospace
    Green Agriculture aviation solution presented by Edison Aerospace Aviation
  • NONPROFIT POLITISIT PARTNERS WITH TOP CARE ORGANIZATIONS TO PROVIDE FREE CHILDCARE ON ELECTION DAY
    NONPROFIT POLITISIT PARTNERS WITH TOP CARE ORGANIZATIONS TO PROVIDE FREE CHILDCARE ON ELECTION DAY Business
  • Mandel JCC of the Palm Beaches Launches Hiring Initiative for Preschool Teachers
    Mandel JCC of the Palm Beaches Launches Hiring Initiative for Preschool Teachers Business
  • Release of Convicted Murderer of U.S. Embassy Personnel
    Release of Convicted Murderer of U.S. Embassy Personnel World News
  • TheeDigital Wins Silver Davey Award for Exceptional Website Redesign for Le Bleu Ultra Pure Water
    TheeDigital Wins Silver Davey Award for Exceptional Website Redesign for Le Bleu Ultra Pure Water World News
Unveiling Growth Trajectories with a CAGR of 5.9% and 6.0% in the Forthcoming Periods

Unveiling Growth Trajectories with a CAGR of 5.9% and 6.0% in the Forthcoming Periods

Posted on December 12, 2024 By NewsEditor

Unveiling Growth Trajectories with a CAGR of 5.9% and 6.0% in the Forthcoming Periods

Annuity Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!

The annuity market size is expected to see strong growth in the next few years. It will grow to $7.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, December 5, 2024 /EINPresswire.com/ — The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!

What Does the Future Hold for the Annuity Market?
The annuity market size has exhibited robust growth in recent years. From the $5.74 billion recorded in 2023, it is forecasted to expand to $6.08 billion in 2024, translating to a compound annual growth rate CAGR of 5.9%. The historic growth can be ascribed to various factors such as an increase in life expectancy, a rise in disposable income, the escalating worries over social security solvency, a growing number of retirees, and an expansion in the number of financial advisors.

Are You Interested in More Insights? Download the Sample Report Here:

Is the Annuity Market Set for Later Growth?
Looking ahead, it’s expected that the annuity market is poised for a strong surge in growth. Within the next few years, the market is projected to escalate to a substantial $7.68 billion by 2028, with a CAGR of 6.0%. The drivers that can spur growth in the forecast period include an aging population, the rising adoption of digital platforms, increasing popularity of variable annuities, escalating healthcare costs influencing retirement planning, and the surge in innovation in annuity product offerings. Significant trends like technological advancements, blockchain technology adoption, digital annuity platforms, hybrid annuity products, and robo-advisors are expected to shape the market’s future.

Want to Gain High-level Insights? Get the Full Report Here:

What’s Fuelling the Growth in the Annuity Market?
The rising demand for insurance is anticipated to be a major propellant for the annuity market’s growth. Insurance demand is soaring due to increased financial protection awareness, growing uncertainties, and the need to safeguard against various risks including health, life, property, and business disruptions. Annuities, employed in insurance, provide policyholders with a guaranteed income stream, usually during retirement, ensuring long-term financial security. For instance, a 7.5% expansion was noted in the global insurance industry in 2023, as reported by Allianz SE, a Germany-based financial services company. Across various segments, insurers worldwide garnered €6.2 trillion $6.7 trillion in premiums.

Which Key Players Are Contributing to the Annuity Market?
The annuity market’s growth trajectory is fortified by a range of established organizations such as New York Life Insurance Company, TIAA-CREF Life Insurance Company, Massachusetts Mutual Life Insurance Company, USAA Life Insurance Company, Corbridge Financial, Lincoln National Life Insurance Company, Pacific Life Insurance Company, Jackson National Life Insurance Company, Athene Annuity and Life Company, Brighthouse Financial Inc., Western & Southern Life Assurance Company, F&G Annuities & Life Inc., Allianz Life Insurance Company of North America, ICICI Prudential Life Insurance Company Limited, Ameritas Life Insurance Corporation of New York, American National Insurance Company, Global Atlantic Financial Group, Atlantic Coast Life Insurance Company, Securian Life Insurance Company, OneAmerica Financial Partners Inc., Aspida Life Insurance Company, CL Life and Annuity Insurance Company, Clear Spring Life and Annuity Company, Nationwide Mutual Insurance Company.

What Emerging Trends Are Reshaping the Annuity Market?
The key players in the market are focusing on developing advanced products like long-term, tax-deferred retirement products to outperform the competition. These products are designed to help individuals save and invest for retirement while deferring taxes on their investments’ growth until they start withdrawing.

How Is the Global Annuity Market Segmented?
The annuity market structured in this report is segmented by:

1 Type: Immediate Annuities, Deferred Annuities, Fixed Annuities, Variable Annuities
2 Distribution Channel: Insurance Agencies And Brokers, Banks, Other Distribution Channels
3 Application: Child, Adult, Elder

Which Regions Rule the Roost in the Annuity Market?
North America was the largest region in the annuity market in 2023. The market report covers an array of regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:
Securities Brokerages And Stock Exchanges Global Market Report 2024
report/securities-brokerages-and-stock-exchanges-global-market-report
Boiler Insurance Global Market Report 2024
report/boiler-insurance-global-market-report
Digital Wallet Global Market Report 2024

About The Business Research Company
Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:
The Business Research Company:
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn:
YouTube:
Global Market Model: global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

You just read:

News Provided By

December 05, 2024, 08:30 GMT


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.



Article originally published on www.einpresswire.com as Unveiling Growth Trajectories with a CAGR of 5.9% and 6.0% in the Forthcoming Periods

World News

Post navigation

Previous Post: Exploring New Worlds: The Best Sci-Fi Books for Teens in 2024
Next Post: Global Anthelmintic Drugs Market Set For 5.4% Growth, Reaching $3.90 Billion By 2028

Related Posts

  • The Cradle Company Redefines Los Angeles Postpartum Care Services
    The Cradle Company Redefines Los Angeles Postpartum Care Services World News
  • Alexipharmic Drugs Market Growth Analysis With Investment Opportunities
    Alexipharmic Drugs Market Growth Analysis With Investment Opportunities World News
  • Virtual Listening Session following the 16th Round of Negotiations to Modernize the Columbia River Treaty Regime
    Virtual Listening Session following the 16th Round of Negotiations to Modernize the Columbia River Treaty Regime World News
  • A Groundbreaking Financial Guide That Turns Small Opportunities Into Lasting Prosperity
    A Groundbreaking Financial Guide That Turns Small Opportunities Into Lasting Prosperity World News
  • Biden Signs Five Animal Protection Measures into Law
    Biden Signs Five Animal Protection Measures into Law World News
  • Day 409: war diaries w/Former Advisor to Ukraine President, Intel Officer  @arestovych  & #Feygin
    Day 409: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • War in Ukraine, Analytics. Day 1285: Putin, Modi and Xi Meeting in China. Arestovych, Shelest.September 16, 2025
  • Attorney John Williams Joins Missouri Criminal Defense Firm Combs WaterkotteSeptember 16, 2025
  • Amy Shira Teitel, Space Historian and Author, Weighs In on NASA’s Moon Race: Safety Can’t Be SacrificedSeptember 16, 2025
  • A Groundbreaking Financial Guide That Turns Small Opportunities Into Lasting ProsperitySeptember 16, 2025
  • War in Ukraine, Analytics. Day 1292: War Trends that Commander Syrsky Will Not Report On. ArestovychSeptember 15, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Black Briar Founder & CEO Stephen Nalley Honored by Biz Tech Outlook as “Most Innovative Leaders to Watch in 2023”
    Black Briar Founder & CEO Stephen Nalley Honored by Biz Tech Outlook as “Most Innovative Leaders to Watch in 2023” World News
  • Miracles for Kids Makes it a Joyous Holiday for 438 Families with Critically-Ill Children by Delivering Over 8,000 Gifts
    Miracles for Kids Makes it a Joyous Holiday for 438 Families with Critically-Ill Children by Delivering Over 8,000 Gifts World News
  • Hardware, Putin’s Wunderwaffles: Pt1. Nuclear Viagra (Latynina.tv)
    Hardware, Putin’s Wunderwaffles: Pt1. Nuclear Viagra (Latynina.tv) World News
  • Mini Mall Storage Offers Climate Control and Vehicle Storage in Brandon, Manitoba
    Mini Mall Storage Offers Climate Control and Vehicle Storage in Brandon, Manitoba Business
  • Baptist leader speaks out: ‘Christian nationalism is not Christianity’
    Baptist leader speaks out: ‘Christian nationalism is not Christianity’ World News
  • New Leaf Detox and Treatment Inc. Offers a New Range of Treatments, Including Cocaine Rehab and Pet Friendly Rehab
    New Leaf Detox and Treatment Inc. Offers a New Range of Treatments, Including Cocaine Rehab and Pet Friendly Rehab World News
  • Assistant Secretary Sison’s Travel to Madagascar, South Africa, Mauritius, Azerbaijan, Mongolia, Vietnam, Thailand, and Laos
    Assistant Secretary Sison’s Travel to Madagascar, South Africa, Mauritius, Azerbaijan, Mongolia, Vietnam, Thailand, and Laos World News
  • GOLDBERGS FINE FOODS CELEBRATES NATIONAL BAGEL DAY WITH FREE BAGELS
    GOLDBERGS FINE FOODS CELEBRATES NATIONAL BAGEL DAY WITH FREE BAGELS World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .