Health and medical insurance is an insurance policy. It is the process of insurance which ensure that cashless treatment as well as expense reimbursement, in case of any medical issues. Health and medical insurance covers expenses of some disease treatment and medical costs. Medical insurance is done through Agents & Brokers, Direct Writing and Bancassurance & Others. Increasing number of individuals with high income, health security standards advancement and rising chronic diseases among population will help to boost global health and medical insurance market.
According to AMA, the market for Health and Medical Insurance is expected to register a CAGR of 8.6% during the forecast period to 2026. This growth is primarily driven by Rising Number of Diseases and Expansion of Healthcare Market.
Globally, a noticeable market trend is evident Growing Health Awareness
. The Life & Health Insurance sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allianz (Germany), AXA (France), Nippon Life Insurance (Japan), American Intl. Group (United States), Aviva (United Kingdom), Cardinal Health (United States), State Farm Insurance (United States), Dai-ichi Mutual Life Insurance (Japan), Munich Re Group (Germany), Aegon (Netherlands) and Prudential Financial (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 5th March 2018, AXA a leading insurance provider has acquired 100% of XL Group Ltd. a leading global Property & Casualty commercial lines insurer. The deal was established for 15.3 billion dollar.
According to, "HIPAA (Health Insurance Portability and Accountability Act) – HIPAA in correlation with PHI (Protected Health Information) requires healthcare organizations to ensure that applications are secure, and sensitive patient and business data is protected when in use, during transmission or when stored in a mobile device."
- Rising Number of Diseases
- Expansion of Healthcare Market
- Growing Health Awareness
- Increasing Government Support for Medical and Health Insurance
- Undulating Economic Conditions
Rising Opportunities in Digitization of Accessing Policies and Innovation in Insurance Schemes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Health and Medical Insurance Study Sheds Light on
The Health and Medical Insurance Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Health and Medical Insurance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Health and Medical Insurance industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.