North America is PA&H’s largest insurance company

LONDON, 22 June 2022 (GLOBE NEWSWIRE) – PA&H’s insurance market is expected to grow by CAGR of over 6% from 2020 to 2025. Trends in telemedicine / telehealth, mental health and personalization will pick up momentum in the future time years in all regions of the global market for personal health and accidents.

The personal accident and health insurance market research report offered by GlobalData Plc provides a detailed look at the global personal accident and health insurance industry. It provides values ​​for key performance indicators such as written premium and loss ratio during 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, key business lines, key trends, drivers, challenges, regulatory review and development, and the impact of COVID-19 on industry. In addition, it provides an overview of key technological developments that are influencing the global PA&H insurance industry.

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Personal accident and health Insurance Market trends

The growing popularity of healthcare trends and wellness drives as custom solutions in mass flow, giving insurers access to detailed biometric and activity data from policyholders, allowing insurers to improve takeover accuracy, prevent claims and increase customer engagement.

Technological advances also allow insurers to customize the requirements through which a personalized insurance offer can be submitted to improve the customer experience. AI, natural language processing, predictive analysis and machine learning are several technologies that insurers adopt to ensure hyperpersonalization with insurance products based on customer behavior.

Market for personal accidents and health insurance Segmentation by regions

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • The Middle East and Africa

North America dominates the global PA&H premiums in 2020, with the United States leading the world market. Reduced health care claims and medical expenses due to delays or cancellations of many health procedures offset any unprecedented increase in COVID-19 health care claims in the United States.

Personal accident and health Iinsurance Market analysis by regions

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Market for personal accidents and health insurance Segmentation by Business lines

  • Uncategorized personal accidents and health
  • Life Travel
  • Personal accident in life
  • Life Health
  • Uncategorized general insurance accident and health
  • Travel with general insurance
  • Non-life insurance
  • General insurance Health / Independent health

Personal accident and health Iinsurance Market Analysis by Business lines

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Leading Companies in Personal accident and health insurance market

  • 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
  • Independence Health Group

Personal accident and health insurance Market analysis by companies

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Personal accident and health insurance market Review

Market size (2020) $ 1.6 trillion
CAGR (2020-2025) > 6%
Forecast period 2021-2025
Key regions North America, Europe, Asia-Pacific, South and Central America, the Middle East and Africa
Key areas of business Uncategorized personal accident and health, travel to life, personal accident, life health, uncategorized non-life insurance, personal accident and health, non-travel insurance, non-life insurance and non-life health insurance
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

Personal accident and health 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 personal accident and health insurance industry for the report review period and forecast figures for the forecast period.
  • It offers a detailed analysis of the regional personal accident and health insurance industry and market forecasts until 2025.
  • It provides key market trends in the global personal accident and health insurance industry.
  • It provides an in-depth analysis of the global retail and personal accident and health insurance sectors.
  • It analyzes consumer preferences when purchasing personal accident insurance and health insurance through various channels.
  • It provides rankings, premiums and market share of the best global and regional insurers for accidents and health accidents and analyzes the competitive landscape.

Reasons to buy

  • Make strategic business decisions using in-depth historical and forecast market data related to the global and regional personal accident and health insurance industry.
  • In-depth market analysis, information and insights into the global personal accident and health insurance industry.
  • In-depth analysis of the competitive landscape and the top 20 regional markets.
  • Understand the key dynamics, trends and growth opportunities in the global and regional personal accident and health insurance industry.
  • Identify key regulatory changes affecting market growth.
  • Identify growth opportunities in key regional markets.

FAQ

What was personal accident and health size of the insurance market in 2020?
PA & H’s insurance market was estimated at $ 1.6 trillion in 2020.

What is personal accident and health growth rate of the insurance market?
PA&H’s insurance market is expected to grow with a CAGR of more than 6% from 2020 to 2025.

What are the key regions of the personal accident and health insurance market?
The key regions of the PA&H market are North America, Europe, the Asia-Pacific region, South and Central America and the Middle East and Africa.

What are the main areas of business in the market of personal accidents and health insurance?

The key segments of the PA&H insurance market are uncategorized personal accident and health, travel to life, personal accident, life health, uncategorized general personal accident and health insurance, general travel insurance, general personal accident insurance and general health / individual health insurance.

Who are the leading companies in the market of personal accidents and health insurance?

The leading 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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