Internet of Things (IoT) Based Life Insurance

Internet of Things (IoT) Based Life Insurance Market Outlook

The global Internet of Things (IoT) based life insurance market was valued at approximately USD 23 billion in 2022 and is projected to reach USD 60 billion by 2035, growing at a compound annual growth rate (CAGR) of around 15.5% during the forecast period. The growth of this market can be attributed to the increasing adoption of IoT technology in various sectors, notably in health monitoring and risk assessment, which enhances insurers’ ability to offer personalized insurance plans. Moreover, the rising prevalence of chronic diseases and the growing aging population are prompting insurers to leverage IoT applications to improve customer engagement and streamline claims processing. Additionally, the integration of advanced data analytics with IoT devices allows insurers to better assess risk and tailor their offerings, ultimately driving market expansion. Furthermore, the ongoing digital transformation across industries is opening new avenues for using IoT solutions in life insurance, creating a significant growth opportunity for stakeholders in this domain.

Growth Factor of the Market

A number of factors are contributing to the growth of the IoT-based life insurance market, with technological advancements at the forefront. The proliferation of wearable devices and health monitoring systems is enabling insurers to collect real-time data on policyholders, significantly improving risk assessment and underwriting processes. Additionally, the rising awareness among consumers about health management is pushing demand for personalized insurance plans, which can be better crafted using data gathered through IoT technologies. The operational efficiency driven by automation and data analytics is also a key factor, as companies look to reduce costs and enhance the customer experience. The increasing collaboration between technology providers and insurance companies is further facilitating the integration of IoT solutions, thereby expanding the market's reach. Lastly, favorable government regulations and initiatives promoting digital health solutions are creating a conducive environment for market growth.

Key Highlights of the Market

• The market is projected to grow at a CAGR of 15.5% from 2025 to 2035.
• North America is expected to hold the largest market share due to high adoption rates of IoT technology.
• Wearable devices are anticipated to dominate the product type segment, enhancing health monitoring capabilities.
• Online platforms are becoming the preferred distribution channel for IoT-based life insurance products.
• Integration of AI and machine learning with IoT is set to revolutionize risk assessment and claims processing.

By Product Type

Wearable Devices:

Wearable devices represent a significant segment in the IoT-based life insurance market. These devices, which include smartwatches and fitness trackers, are equipped with sensors that monitor various health metrics such as heart rate, physical activity levels, and sleep patterns. Insurers can leverage this real-time data to assess risks more accurately and offer personalized insurance policies that cater to individual health profiles. Furthermore, the growing consumer inclination towards health and wellness is driving the demand for wearable devices in the insurance sector, as policyholders seek to maintain better health with incentives provided by insurers for healthy behaviors.

Health Monitoring Systems:

Health monitoring systems are crucial for providing continuous health data to insurers, enabling them to optimize risk evaluation and underwriting. These systems often integrate various devices and applications to track vital signs and lifestyle habits, offering valuable insights into policyholders' health conditions. The rise in chronic diseases globally has led many life insurance companies to invest in health monitoring systems, as they can help detect early potential health issues and allow for timely interventions. This proactive approach not only enhances the customer experience but also aids in minimizing claims for insurers, making it an essential product type in the IoT life insurance market.

Connected Appliances:

Connected appliances, such as smart refrigerators and smart scales, are becoming increasingly important in the IoT-based life insurance market, as they can provide data related to lifestyle choices and dietary habits. These devices offer insurers a unique opportunity to gather information that can influence policy pricing and risk assessment. As consumers become more health-conscious, connected appliances can encourage healthy habits, subsequently reducing the likelihood of chronic health issues and insurance claims. This product type is gaining traction, particularly among tech-savvy consumers who appreciate the integration of technology into their daily lives.

Smart Home Devices:

Smart home devices play an integral role in the IoT-based life insurance market by enhancing security and safety within households. Devices like smart smoke detectors, security cameras, and environmental sensors provide real-time data that can help insurers assess risk factors related to home safety. Insurers can offer discounts or incentives for policyholders who use such devices, minimizing potential liabilities and claims. The increasing trend toward home automation and smart technology adoption is driving market growth for smart home devices, presenting a significant opportunity for life insurance providers to differentiate their offerings.

Connected Cars:

Connected cars are revolutionizing the transportation sector, and their integration into the IoT-based life insurance market is equally impactful. These vehicles are equipped with technology that collects data related to driving behavior, vehicle health, and safety features. Insurers can use this information to offer pay-as-you-drive insurance models, which are appealing to consumers who desire personalized policies based on their driving patterns. Additionally, connected car data can help insurers identify high-risk drivers and implement risk mitigation strategies. As the automotive industry continues to embrace connectivity, the demand for connected cars in the insurance market is expected to grow significantly.

By Application

Health Monitoring:

Health monitoring is a pivotal application of IoT technologies in the life insurance sector. By utilizing health monitoring devices and systems, insurers can acquire continuous data about their policyholders' health conditions, enabling them to make informed decisions regarding underwriting and risk assessment. This application not only enhances customer engagement but also encourages individuals to maintain healthier lifestyles by providing insights into their health metrics. The ability to track health in real-time allows insurers to respond proactively, helping to prevent health complications before they arise and ultimately improving the overall wellness of policyholders.

Risk Assessment:

Risk assessment is a crucial application in the life insurance industry that benefits significantly from IoT integration. By collecting data from various connected devices, insurers can develop a comprehensive profile of each policyholder's lifestyle and health status. This data-driven approach facilitates more accurate risk assessments, enabling insurers to tailor coverage options and premium rates to individual needs. Furthermore, leveraging advanced analytics allows insurers to identify patterns and trends that may indicate higher risk factors, leading to better-informed underwriting decisions and improved financial stability for insurers.

Personalized Insurance Plans:

The development of personalized insurance plans is an innovative application of IoT technology that enhances customer satisfaction and loyalty. Through the use of real-time data collected from wearable devices and health monitoring systems, insurers can create customized insurance policies that cater to the unique needs of each policyholder. This personalization not only increases customer engagement but also promotes healthier living, as policyholders are incentivized to maintain good health in exchange for lower premiums or additional benefits. As the demand for personalized solutions continues to grow, insurance companies are increasingly turning to IoT to fulfill these expectations.

Fraud Detection:

Fraud detection is another critical application of IoT in the life insurance market, providing insurers with tools to identify and mitigate fraudulent activities. IoT devices can track and validate claims through the analysis of real-time data, making it more difficult for individuals to submit false claims. The integration of machine learning and data analytics enhances fraud detection capabilities by recognizing patterns indicative of fraudulent behavior. This application not only protects insurers from financial losses but also maintains the integrity of the insurance industry, fostering trust among policyholders.

Claims Processing:

IoT technologies have a transformative effect on the claims processing aspect of life insurance. By automating data collection and verification through connected devices, insurers can streamline the entire claims process, reducing the time and effort required for assessment and approval. This not only enhances operational efficiency but also improves the customer experience by providing quicker resolutions for claims. As a result, policyholders are likely to appreciate the responsiveness and efficiency of their insurers, leading to higher satisfaction rates and potential loyalty to the brand.

By Distribution Channel

Online Platforms:

Online platforms are increasingly becoming the primary distribution channel for IoT-based life insurance products. The convenience offered by digital platforms allows consumers to easily compare policies, access relevant information, and purchase insurance products from the comfort of their homes. Additionally, online platforms play a crucial role in educating consumers about IoT technology and its benefits in life insurance. This channel allows insurers to reach a wider audience and engage with tech-savvy customers who prefer digital solutions over traditional methods. As more consumers adopt online shopping behaviors, the reliance on digital channels for insurance distribution is expected to continue growing.

Insurance Agencies:

Insurance agencies remain a vital distribution channel, providing a personalized touch to consumers seeking IoT-based life insurance solutions. These agencies often have established relationships with customers and can offer tailored advice based on individual needs and preferences. The agents are increasingly being trained to incorporate IoT solutions into their offerings, ensuring that they can effectively communicate the advantages and functionalities of these products to potential clients. By leveraging their expertise and technology, insurance agencies can enhance the customer experience and drive sales for IoT-based life insurance products.

Banks:

Banks are emerging as key players in the distribution of IoT-based life insurance, as they can offer these products alongside their traditional financial services. This integrated approach allows banks to provide a holistic view of their customers' financial health, making it easier for consumers to manage their insurance and banking needs in one place. Additionally, banks often have access to vast amounts of customer data, enabling them to better assess risk and customize insurance offerings. The collaboration between banks and insurers is likely to strengthen as more consumers demand connected financial solutions.

Brokers:

Brokers play a crucial role in facilitating the distribution of IoT-based life insurance products by connecting consumers with a variety of insurance providers. They provide valuable insights and options, helping clients navigate the complexities of insurance products available in the market. As IoT technology advances, brokers are also adapting by becoming more knowledgeable about these innovations, allowing them to better serve their clients. This channel's flexibility and expertise can significantly enhance the purchasing experience for consumers, making brokers an indispensable part of the distribution landscape.

Direct Sales:

Direct sales have gained traction as a distribution strategy for IoT-based life insurance, providing consumers with the opportunity to interact directly with insurers without intermediaries. This method allows insurers to build strong relationships with their customers, providing personalized service and fostering trust. Direct sales also enable insurers to leverage technology to streamline the purchasing process, offering immediate access to policy information and quotes. As consumers seek more engaging and direct interactions with brands, the trend toward direct sales in the life insurance sector is likely to grow, positioning insurers to compete effectively in the evolving market.

By Technology

RFID:

Radio-Frequency Identification (RFID) technology is playing an increasingly important role in the IoT-based life insurance market, particularly in tracking health-related assets and devices. RFID tags can be embedded in various health monitoring devices, allowing insurers to monitor their usage and collect data on policyholders’ health behaviors. This technology enhances risk assessment capabilities, enabling insurers to design personalized plans based on accurate data. Furthermore, RFID technology can facilitate efficient claims processing by automatically verifying the usage of insured devices, thereby minimizing fraudulent claims and improving operational efficiency.

NFC:

Near Field Communication (NFC) technology is gaining traction within the IoT-based life insurance landscape due to its ability to enable secure data exchanges between devices. This technology allows policyholders to interact with health monitoring devices seamlessly, facilitating the transfer of critical health data to insurers. NFC technology can also enhance customer engagement by enabling instant access to policy information and benefits through smart devices. As the demand for secure and efficient data sharing continues to grow, NFC technology is expected to play a key role in the evolution of IoT-based life insurance solutions.

Bluetooth:

Bluetooth technology serves as a fundamental component of many IoT devices used in life insurance, particularly wearable health monitoring devices. These devices utilize Bluetooth connectivity to sync health data with mobile applications, enabling insurers to collect real-time information on policyholders’ health metrics. The convenience of Bluetooth connectivity enhances user experience and encourages individuals to actively engage with their health management. As Bluetooth technology continues to evolve, insurers can expect an increase in the variety and functionality of connected devices available for health tracking, further driving growth in this market segment.

Wi-Fi:

Wi-Fi technology is integral to the functioning of various IoT devices, particularly in smart home and health monitoring systems. Wi-Fi-enabled devices can transmit data to insurers in real-time, allowing for continuous monitoring and assessment of policyholders' health conditions. This connectivity enables insurers to proactively manage risks and offer personalized insurance plans based on accurate data analytics. The widespread availability of Wi-Fi also facilitates the integration of multiple IoT devices within a single ecosystem, creating a comprehensive solution for health management and insurance coverage.

Zigbee:

Zigbee technology is particularly advantageous for applications requiring low-power and low-data-rate communications, making it ideal for IoT devices utilized in life insurance. This technology is commonly employed in health monitoring systems, enabling seamless communication between sensors and data collection hubs. Zigbee's ability to create mesh networks allows for efficient data sharing across multiple devices, enhancing real-time monitoring capabilities. As the demand for energy-efficient and reliable communication solutions in IoT expands, Zigbee technology is expected to play a critical role in the proliferation of IoT-based life insurance products.

By Region

The regional analysis of the IoT-based life insurance market reveals that North America is projected to dominate the landscape, accounting for approximately 40% of the global market share by 2035. The region benefits from early adoption of IoT technologies, a strong presence of key industry players, and a tech-savvy consumer base. The United States, in particular, is leading the charge with its robust healthcare infrastructure and increasing focus on personalized insurance offerings driven by data analytics. Furthermore, the CAGR for North America is estimated to be around 15.2%, driven by continued advancements in technology and growing demand for innovative insurance solutions.

Europe follows closely, estimated to account for around 30% of the IoT-based life insurance market by 2035. The region is witnessing significant growth due to the rising awareness of health and wellness among consumers, coupled with stringent regulations requiring insurers to adopt more proactive risk management strategies. Countries like Germany and the UK are at the forefront of integrating IoT solutions into the insurance sector, with insurers increasingly leveraging health data for underwriting and claims processing. The CAGR for Europe is projected to be around 14.8%, supported by technological innovations and increased collaboration between insurers and tech firms.

Opportunities

As the IoT-based life insurance market continues to expand, several opportunities arise for stakeholders looking to capitalize on this burgeoning sector. One of the most significant opportunities lies in the development of innovative products and services tailored to the evolving needs of consumers. Insurers can leverage advanced data analytics and machine learning to create customized insurance plans that resonate with tech-savvy consumers seeking personalized solutions. Furthermore, the rise of telemedicine and virtual healthcare presents a unique opportunity for life insurers to collaborate with healthcare providers, offering integrated solutions that promote wellness and preventative care. This strategic alignment can enhance customer satisfaction and contribute to lower claims rates, ultimately benefiting both insurers and policyholders.

Another promising opportunity lies in the growing emphasis on sustainability and corporate social responsibility within the insurance industry. Consumers are increasingly drawn to companies that prioritize ethical practices and contribute positively to society. Insurers that incorporate IoT solutions to promote healthier lifestyles and enhance customer engagement can position themselves as leaders in this space. Additionally, partnerships with technology providers and startups can facilitate the development of cutting-edge IoT solutions, driving innovation in product offerings and expanding market reach. By aligning with consumer values and embracing sustainability, insurers can unlock new value propositions that attract and retain customers in an increasingly competitive market.

Threats

Despite the promising growth trajectory of the IoT-based life insurance market, several threats could potentially hinder its progress. One of the primary concerns is the increasing instances of cyber threats and data breaches that can compromise sensitive customer information collected through IoT devices. As insurers adopt more interconnected systems, they become attractive targets for cybercriminals seeking to exploit vulnerabilities in their networks. The repercussions of data breaches can be severe, leading to significant financial losses and a loss of consumer trust. Consequently, insurers must invest in robust cybersecurity measures to protect customer data and maintain brand integrity while navigating the inherently connected landscape of IoT technologies.

Additionally, regulatory pressures and compliance requirements present another challenge for insurers operating in the IoT-based life insurance market. As governments become more vigilant in overseeing data privacy and protection, insurers may face stringent regulations that could complicate their operations and increase compliance costs. The evolving nature of technology and the rapid pace of innovation also raise questions about the adequacy of existing regulations, potentially resulting in further changes that could impact market dynamics. Insurers need to remain agile and proactive in adapting to evolving regulatory frameworks to mitigate risks associated with non-compliance and maintain their competitive edge.

Competitor Outlook

• Allianz SE
• Prudential Financial, Inc.
• AXA Group
• MetLife, Inc.
• State Farm Mutual Automobile Insurance Company
• Humana Inc.
• John Hancock Financial
• MassMutual
• UnitedHealth Group
• Transamerica
• Genworth Financial, Inc.
• New York Life Insurance Company
• Farmers Insurance Group
• Prudential plc
• MetLife Asia Ltd.

The competitive landscape of the IoT-based life insurance market is characterized by a mix of established insurance players and emerging technology-driven companies. Major insurers are increasingly focusing on integrating IoT solutions into their operations to enhance risk assessment and customer engagement. As the industry evolves, companies that can effectively leverage data analytics and IoT technologies are likely to gain a substantial competitive advantage. The collaboration between insurance providers and technology firms is also becoming commonplace, as partnerships enable insurers to access innovative solutions while driving digital transformation in their service offerings.

Leading companies like Allianz SE and AXA Group are at the forefront of adopting IoT technologies in their business models, utilizing advanced analytics to personalize insurance plans and streamline claims processing. Allianz, for instance, has invested in developing health monitoring solutions that provide real-time insights into policyholders' wellness, while AXA has implemented IoT devices in its underwriting processes to improve risk management. Furthermore, emergent players such as startups focused on health technology and IoT solutions are challenging traditional insurers to innovate and adapt to the changing market landscape. This dynamic competition is encouraging insurers to rethink their strategies and embrace digital solutions to meet the demands of a tech-savvy consumer base.

Companies like MetLife and Prudential Financial are also making significant strides in the IoT space, focusing on enhancing customer experience through personalized insurance offerings. MetLife has embraced telematics to reward healthy behaviors, while Prudential is harnessing data analytics to develop targeted marketing strategies. As competition intensifies, insurers are likely to invest heavily in research and development to create innovative products that cater to evolving consumer preferences. This trend will further fuel the growth of the IoT-based life insurance market, as companies strive to establish themselves as leaders in a rapidly changing industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 AXA Group
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Allianz SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 MassMutual
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Humana Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Transamerica
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 MetLife, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Prudential plc
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 MetLife Asia Ltd.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 UnitedHealth Group
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 John Hancock Financial
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Farmers Insurance Group
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Genworth Financial, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Prudential Financial, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 New York Life Insurance Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 State Farm Mutual Automobile Insurance Company
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Internet of Things (IoT) Based Life Insurance Market, By Application
    • 6.1.1 Health Monitoring
    • 6.1.2 Risk Assessment
    • 6.1.3 Personalized Insurance Plans
    • 6.1.4 Fraud Detection
    • 6.1.5 Claims Processing
  • 6.2 Internet of Things (IoT) Based Life Insurance Market, By Product Type
    • 6.2.1 Wearable Devices
    • 6.2.2 Health Monitoring Systems
    • 6.2.3 Connected Appliances
    • 6.2.4 Smart Home Devices
    • 6.2.5 Connected Cars
  • 6.3 Internet of Things (IoT) Based Life Insurance Market, By Distribution Channel
    • 6.3.1 Online Platforms
    • 6.3.2 Insurance Agencies
    • 6.3.3 Banks
    • 6.3.4 Brokers
    • 6.3.5 Direct Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Internet of Things (IoT) Based Life Insurance Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Internet of Things (IoT) Based Life Insurance market is categorized based on

By Product Type

• Wearable Devices
• Health Monitoring Systems
• Connected Appliances
• Smart Home Devices
• Connected Cars

By Application

• Health Monitoring
• Risk Assessment
• Personalized Insurance Plans
• Fraud Detection
• Claims Processing

By Distribution Channel

• Online Platforms
• Insurance Agencies
• Banks
• Brokers
• Direct Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Allianz SE
• Prudential Financial, Inc.
• AXA Group
• MetLife, Inc.
• State Farm Mutual Automobile Insurance Company
• Humana Inc.
• John Hancock Financial
• MassMutual
• UnitedHealth Group
• Transamerica
• Genworth Financial, Inc.
• New York Life Insurance Company
• Farmers Insurance Group
• Prudential plc
• MetLife Asia Ltd.