LONDON, June 22, 2022 (GLOBE NEWSWIRE) — The PA&H insurance market is expected to grow at a CAGR of over 6% from 2020 to 2025. Trends in telemedicine/telehealth, mental health and personalization will take scale over the next few years. years in all regions of the global personal accident and health insurance market.
The Personal Accident and Sickness Insurance Market research report offered by GlobalData Plc provides an in-depth overview of the global Accident and Sickness Insurance industry. It provides values for key performance indicators such as premiums written and loss ratio over the review period and the forecast period. The report also provides a comprehensive overview of the global and regional Personal Accident and Health Insurance industry, major industries, key trends, drivers, challenges, overview and regulatory developments, and of the impact of COVID-19 on the industry. Additionally, it provides an overview of key technological developments impacting the global PA&H Insurance industry.
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Personal accident and health Insurance Market trends
The growing popularity of health and wellness trends has propelled wearables as bespoke solutions into the mainstream, giving insurers access to detailed biometric and activity data of policyholders, enabling insurers to improve underwriting accuracy, prevent claims and increase customer engagement.
Technological advancements also allow insurers to customize the requirements through which a personalized insurance proposal can be presented to enhance the customer experience. AI, natural language processing, predictive analytics, and machine learning are a few technologies that insurers are adopting to provide customers with hyper-personalization with behavior-based insurance products.
Individual accident and health insurance market Segmentation by region
- North America
- Asia Pacific
- South and Central America
- Middle East and Africa
North America dominated global PA&H premiums in 2020, with the United States leading the global market. The reduction in health care claims and medical costs due to the delay or cancellation of many health care procedures offset any unprecedented increase in health care claims related to COVID-19 in the United States.
Individual Accident & Health Iinsurance Market analysis by region
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Individual accident and health insurance market Segmentation by Activity area
- Individual Uncategorized Life Accident & Health
- journey of life
- Personal Life Accident
- Life Health
- Uncategorized General Insurance Personal Accident and Health
- General travel insurance
- General Individual Accident Insurance
- General health insurance / Autonomous health
Personal accident and health Iinsurance Mmarket Analysis by Activity area
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First Companies in the Individual accident and sickness insurance Market
- UnitedHealth Group
- Anthem Inc.
- Humana Group
- Centene Corporation Group
- HCSC Group
- Ping An Insurance Company of China Limited
- CVS Health Society
- Kaiser Foundation Group
- Guidewell Mutual Holding Corporation
- Independence Health Group
Individual accident and sickness insurance Market analysis by companies
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Individual accident and sickness insurance Market Insight
|Market Size (2020)||$1.6 trillion|
|Key regions||North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa|
|Main sectors of activity||Uncategorized Life Personal Accident & Health, Travel Life, Personal Life Accident, Health Life, Uncategorized General Personal Accident & Health Insurance, General Travel Insurance, General Personal Accident Insurance & General Health Insurance / Autonomous Health|
|Leading companies||UnitedHealth Group, Anthem Inc, Humana Group, Centene Corporation Group, HCSC Group, Ping An Insurance Company Of China Limited, CVS Health Corporation, Kaiser Foundation Group, Guidewell Mutual Holding Corporation and Independence Health Group|
Individual accident and sickness insurance Scope of the market report
This report provides a comprehensive analysis of the global personal accident and health insurance industry –
- It provides historical values for the global and regional Accident and Health Insurance industry for the report review period, along with projected figures for the forecast period.
- It offers detailed analysis of the regional Accident and Health Insurance industry and market forecast till 2025.
- It presents the main market trends in the global accident and health insurance sector.
- It provides in-depth analysis of the global personal and commercial accident and health insurance sectors.
- It analyzes consumer preferences in purchasing personal accident and health insurance through different channels.
- It provides rankings, premiums and market shares of leading global and regional personal accident and health insurers and analyzes the competitive landscape.
Reasons to buy
- Make strategic business decisions using in-depth historic and forecast market data related to the global and regional Accident and Health Insurance industry.
- In-depth market analysis, insights and overview of the global accident and health insurance industry.
- In-depth analysis of the competitive landscape and top 20 regional markets.
- Understand the key dynamics, trends and growth opportunities in the global and regional accident and health insurance industry.
- Identify key regulatory developments impacting market growth.
- Identify growth opportunities in key regional markets.
What was the accidents of life and health size of the insurance market in 2020?
The size of the PA&H insurance market was valued at $1.6 trillion in 2020.
What is the accidents of life and health insurance market growth rate?
The PA&H insurance market is expected to grow at a CAGR of over 6% from 2020 to 2025.
What are the key regions of the personal accident and sickness insurance market?
Key regions of PA&H market are North America, Europe, Asia-Pacific, South & Central America, Middle East & Africa.
What are the main business sectors of the personal accident and health insurance market?
Key segments of the PA&H insurance market are Uncategorized Personal Life Accident & Health, Life Travel, Personal Life Accident, Life Health, Personal Life Accident & Health uncategorized general insurance, general insurance travel, general insurance personal accident and general insurance. health/autonomous health.
Who are the leading companies in the personal accident and health insurance market?
The main PA&H insurance companies are UnitedHealth Group, Anthem Inc, Humana Group, Centene Corporation Group, HCSC Group, Ping An Insurance Company Of China Limited, CVS Health Corporation, Kaiser Foundation Group, Guidewell Mutual Holding Corporation and Independence Health Group.
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