Albany, NY -- (SBWIRE) -- 10/13/2016 -- Microinsurance products are coverage policies targeted at households with low-income levels. These plans provide tailored insurance policies for individuals with little or small saving plans. They offer lower value assets and compensation for injury, illness, or death to a person compared to other insurance policies. Microinsurance companies assist the not so well off by offering insurance plans that are tailored to their specific needs. The coverage value of the policy is lower than a typical insurance plan. Therefore, the insured customer pays considerably smaller premiums to the insurance company. The presence of the microinsurance market is strong in developing countries with high growing opportunities.

The global microinsurance market to grow at a CAGR of 8.2% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global microinsurance market for 2016-2020. To calculate the market size, we consider the total amount of microinsurance from the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Microinsurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Alternative Insurance Company
- Bajaj Allianz
- IFFCO Tokio General Insurance
- Mapfre
- Pioneer Life

Other prominent vendors
- HDFC Ergo
- Hollard Insurance
- MicroEnsure
- NSIA Insurance
- PNB MetLife
- Protecta
- Tata AIA Life

Market driver
- Different valuation strategies
- For a full, detailed list, view our report

Market challenge
- Difficulty in credit assessment of the insured
- For a full, detailed list, view our report

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Key questions answered in this report:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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