Global Commercial Health Insurance Market Overview:
Commercial health insurance includes private companies and non-governmental organizations to issue commercial health insurance. The rapid development in technology include solutions and services is driving huge growth in this market. Along with the development in cybersecurity is becoming one major trend in this industry. Some of the players profiled in the study are Allianz (Germany), AXA (France), Nippon Life Insurance (Japan), American Intl. Group (United States), Aviva (United Kingdom), Assicurazioni Generali (Italy), Cardinal Health (United States), State Farm Insurance (United States), Dai-ichi Mutual Life Insurance (Japan) and Munich Re Group (Germany).
On the basis of geography, the market of Commercial 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). If we see Market by Sales Channels, the sub-segment i.e. Insurance Agents/Brokers will boost the Commercial Health Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Solutions will boost the Commercial Health Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rapid Development in Health Maintenance Organizations, Preferred Provider Organizations, and Fee-For-Service with Prospective Utilization Review
- Growing Number of Individuals with High Income
- High Growth in Medical Care Expenses
- Development in Technology
- Increase in Market Competencies
- The Slowdown in Economic Conditions
- Comparatively Fewer Profit Margins
- The Rise in Consolidation Within the Health Care Industry
- Digitization in Accessing Policies
- Rapid Increase in Disposable Income
- High Threat of New Entrant
Key Market Developments:
In Jan 2020, Chinese Authorities announced to enhancing their commercial health insurance product through investing in continuous innovation activities. Through this, they meet the growing demand with the help of the countries’ top banking and insurance regulators.
There are various companies that are performing in the market, those companies are new geographic regions by adopting major strategic initiatives such as mergers & acquisitions, expansions, investments, new service launches, and many others. There are various key players are entering this market to capture market growth opportunities.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Commercial Health Insurance Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Commercial Health Insurance market on the basis of product [Health Maintenance Organization, Preferred Provider Organization, Exclusive Provider Organizations, Point-of-Service Plan, High-Deductible Health Plan and Others] , application [Public Sector, Private Sector and Stand-Alone Insurers], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Commercial Health Insurance market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Commercial Health Insurance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Zurich Financial Services (Switzerland), Prudential (United States), Asahi Mutual Life Insurance (Japan) and Sumitomo Life Insurance (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Commercial Health Insurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.