QYR Market Research Global Juvenile Life Insurance market research | Page 4

QYResearch
Gross premiums increased in most countries in the Juvenile Life
Insurance in 2017. This growth may be a sign or a consequence of more
favorable economic conditions, leading individuals to purchase Juvenile
Life Insurance products. In most countries, the relatively low
penetration of Juvenile Life Insurance (especially in South America and
some Asian countries) shows that the Juvenile Life Insurance sector
still has significant room to expand. In some countries, gross premiums
declined where the continued low interest rates may have deterred
individuals from purchasing Life Insurance products with lower
guarantees. The Europe and North America has relative growth rate due
to the lower birth rate and some developed also have the similar
phenomenon, China has higher growth rate due the higher birth rate and
China’s Second Child Policy and China’s high growth rate in economic.
www.qyresearch.com