Scope of the Study
Temporary health insurance refers to the insurance with limited durations. It ranges from one month to a year. It is provided to the people who need to bridge a gap in longer term plans. In addition, it is used by the people who are ineligible under the parents plan and the ones who are switching the employers. However, temporary health insurance does not cover all the benefits and offers lower premium to the individuals. It provides coverage for preventive care, doctor visits, urgent care, and emergency care. These benefits are increasing the demand among the individuals.
The market study is being classified and major geographies with country level break-up.
Allianz (Germany), Zurich (Switzerland), BUPA (United Kingdom), United Health group (United States), Anthem (United States), CVS health (United States), Cigna (United States), Humana (United States), Centene (United States) and Wellcare health plans (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Molina healthcare (United States), Health insurance innovations (United States) and PICC (China).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Temporary Health Insurance market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Temporary Health Insurance market by Type, Application and Region.
On the basis of geography, the market of Temporary Health Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Prevalence of diseases is fueling the market growth
- Lower premiums and a degree of flexibility is fuelling the market growth
- Introduction of advanced technologies such as robotic process automation, and Artificial intelligence
- Exclusion of some expensive medical treatments
- Provision for private as well as public sector employees
- Rising medical costs in private sector
- Denial of coverage due to health history or current conditions
Market Leaders and their expansionary development strategies
On 3rd January 2020, Allianz has completed the acquisition of Liverpool Victoria General Insurance Group Ltd. and the general insurance unit of United Kingdom.
Key Target AudienceHealth insurance providers, Government associations, Research organizations, Enterprise software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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