According the report, Rapid Adoption of Machine Learning and AI Technology is one of the primary growth factors for the market. Increasing Risk of Falling Prey to Life-Style Diseases
is also expected to contribute significantly to the Critical Illness Insurance market. Overall, Heart attack
applications of Critical Illness Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Critical Illness Insurance market identified that the demand is rising in many different parts of the world as "The Emerging Demand from the Developing Countries". Furthermore, some recent industry insights like "On 26 Nov 2018, Legal & General has announced a range of updates across its Critical Illness Cover (CIC), to their Critical Illness Extra (CIx) and Children’s Critical Illness Extra (CCIx) offering. Updates include increasing additional payments for CIx to 25% of the sum assured up to a maximum of £30,000, and CCIx to 50% of the sum assured, up to a maximum of £30,000. As well as improving their definitions for heart attack and dementia, and added craniosynostosis to the list of conditions covered under CCIx. and On 10 Sept 2018, Bajaj Allianz Life has entered into the health insurance segment by launching Nationally a critical illness cover 'Bajaj Allianz Life Health Care Goal'. Under this plan, a family of up to 6 members can be covered under one policy in one premium and it covers 36 critical illnesses, including deafness, heart valve surgery and kidney failure requiring regular dialysis, Company CEO and Managing Director Tarun Chugh said at a press conference on the occasion." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Critical Illness Insurance market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Critical Illness Insurance market and other related sub-markets covered in the study.
o Key & emerging players in the Critical Illness Insurance market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Critical Illness Insurance market size is calculated using market estimation process, the Critical Illness Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Critical Illness Insurance market size has been validated using both top-down and bottom-up approaches.