Global Health Insurance Market: Trends and Opportunities (2015-2019)
Scope of the Report
The report titled “Global Health Insurance Market: Trends & Opportunities (2014-2019)” provides an insight into the health insurance industry along with the study of regional markets including the US, European Union, Asia Pacific and the Middle East. The report assesses the market sizing and growth of health insurance in the major regions, the growth drivers of health insurance industry in these regions and various trends. The report provides up-to-date information on the market size, segmentation on various parameters and distribution structure and capabilities of the leaders. The report also discusses key factors driving growth of the industry, major trends and challenges faced by major players in these countries. Further, key players like AXA, United Health Group, Aviva, Allianz and China Life are profiled in the report.
Regional Coverage
The global health insurance industry has been growing consistently over the past couple of years. The US is the largest market for health insurance products while in the European Union it is the second largest segment of the insurance industry.
The health insurance industry is very region-specific with differentiating factors responsible for the uptake of health insurance products. However, it is also considered a complex product as in some regions, it is part of life portfolio and in others it’s a part of non-life sector.
As of now, Asia Pacific has a very small share of the global health insurance industry, but with growing popularity of health insurance products amongst the population and rising disposable income, the market is on the growth trajectory. China is the main growth driver for the region with companies like China Life dominating the industry.
In recent years, the global health insurance market is on the threshold of enormous growth. A combination of factors such as demographics, interest rate fluctuations, government spending and regulations, and economic growth all affect health insurance industry dynamics. Better health care facilities along with increasing spending on health care are favoring the growth of health insurance industry. The growth of the segment is mainly driven by rise in expatriate’s population, increased spread of fatal diseases and world demographic trends. However with immense growth opportunities, the health insurance market faces the challenges in terms of rising premium costs, renewal of old policy and economic uncertainty. Lower food security index of many developing regions and higher bargaining power of hospitals are few other bottlenecks in the growth of the industry.
The report titled “Global Health Insurance Market: Trends & Opportunities (2014-2019)” provides an insight into the health insurance industry along with the study of regional markets including the US, European Union, Asia Pacific and the Middle East. The report assesses the market sizing and growth of health insurance in the major regions, the growth drivers of health insurance industry in these regions and various trends. The report provides up-to-date information on the market size, segmentation on various parameters and distribution structure and capabilities of the leaders. The report also discusses key factors driving growth of the industry, major trends and challenges faced by major players in these countries. Further, key players like AXA, United Health Group, Aviva, Allianz and China Life are profiled in the report.
Regional Coverage
- US Health Insurance Market
- Europe Health Insurance Market
- Asia Pacific Health Insurance Market
- Middle East Health Insurance Market
- AXA
- United Health Group
- Aviva
- Allianz
- China Life
The global health insurance industry has been growing consistently over the past couple of years. The US is the largest market for health insurance products while in the European Union it is the second largest segment of the insurance industry.
The health insurance industry is very region-specific with differentiating factors responsible for the uptake of health insurance products. However, it is also considered a complex product as in some regions, it is part of life portfolio and in others it’s a part of non-life sector.
As of now, Asia Pacific has a very small share of the global health insurance industry, but with growing popularity of health insurance products amongst the population and rising disposable income, the market is on the growth trajectory. China is the main growth driver for the region with companies like China Life dominating the industry.
In recent years, the global health insurance market is on the threshold of enormous growth. A combination of factors such as demographics, interest rate fluctuations, government spending and regulations, and economic growth all affect health insurance industry dynamics. Better health care facilities along with increasing spending on health care are favoring the growth of health insurance industry. The growth of the segment is mainly driven by rise in expatriate’s population, increased spread of fatal diseases and world demographic trends. However with immense growth opportunities, the health insurance market faces the challenges in terms of rising premium costs, renewal of old policy and economic uncertainty. Lower food security index of many developing regions and higher bargaining power of hospitals are few other bottlenecks in the growth of the industry.
1. EXECUTIVE SUMMARY
2. HEALTH INSURANCE: AN INTRODUCTION
2.1 Overview of Health Insurance
2.2 Channels of Purchase
3. OVERVIEW OF GLOBAL INSURANCE MARKET
3.1 Global Insurance Market: By Geography
3.2 Global Health Insurance Market: Size and Growth
4. HEALTH INSURANCE MARKET: REGIONAL ANALYSIS
4.1 US Health Insurance Market: An Analysis
4.1.1 US Health Insurance Market: Size and Growth
4.1.2 US Health Insurance Market Composition
4.1.3 US Healthcare Spend
4.2 European Union Health Insurance Market
4.2.1 EU Health Insurance Market: Size and Growth
4.2.2 EU Insurance Market: Segment Breakdown
4.2.3 EU Health Insurance Market: Premiums by Country
4.3 Asia Pacific Health Insurance Market
4.3.1 Chinese Health Insurance Market
4.3.2 Indian Health Insurance Market
4.4 Middle East Health Insurance Market
5. MARKET DYNAMICS: GLOBAL HEALTH INSURANCE INDUSTRY
5.1 Growth Drivers of Global Health Insurance Industry
5.1.1 Rising trauma of Diseases
5.1.2 Smoking
5.1.3 Rising Health Care Expenditure
5.1.4 Rise in expatriate population
5.1.5 World Demographic Trends
5.2 Global Health Insurance Industry: Trends
5.2.1 Rise in Internet Users
5.2.2 Product Innovation
5.2.3 Increasing health Insurance by employers for employees
5.2.4 Use of Smart Devices
5.3 Global Health Insurance Industry: Challenges
5.3.1 Renewal of Policy – An Issue
5.3.2 Lower food Security Index of many emerging Economies
5.3.3 Bargaining power of Hospitals
5.3.4 Economic Uncertainty
5.3.5 Rising Premiums Costs
6. COMPETITIVE LANDSCAPE: GLOBAL HEALTH INSURANCE INDUSTRY
7. COMPANY PROFILES: GLOBAL HEALTH INSURANCE INDUSTRY
7.1 AXA
7.1.1 Business Description
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 United Health Group
7.2.1 Business Description
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Aviva
7.3.1 Business Description
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Allianz
7.4.1 Business Description
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 China Life
7.5.1 Business Description
7.5.2 Financial Overview
7.5.3 Business Strategies
2. HEALTH INSURANCE: AN INTRODUCTION
2.1 Overview of Health Insurance
2.2 Channels of Purchase
3. OVERVIEW OF GLOBAL INSURANCE MARKET
3.1 Global Insurance Market: By Geography
3.2 Global Health Insurance Market: Size and Growth
4. HEALTH INSURANCE MARKET: REGIONAL ANALYSIS
4.1 US Health Insurance Market: An Analysis
4.1.1 US Health Insurance Market: Size and Growth
4.1.2 US Health Insurance Market Composition
4.1.3 US Healthcare Spend
4.2 European Union Health Insurance Market
4.2.1 EU Health Insurance Market: Size and Growth
4.2.2 EU Insurance Market: Segment Breakdown
4.2.3 EU Health Insurance Market: Premiums by Country
4.3 Asia Pacific Health Insurance Market
4.3.1 Chinese Health Insurance Market
4.3.2 Indian Health Insurance Market
4.4 Middle East Health Insurance Market
5. MARKET DYNAMICS: GLOBAL HEALTH INSURANCE INDUSTRY
5.1 Growth Drivers of Global Health Insurance Industry
5.1.1 Rising trauma of Diseases
5.1.2 Smoking
5.1.3 Rising Health Care Expenditure
5.1.4 Rise in expatriate population
5.1.5 World Demographic Trends
5.2 Global Health Insurance Industry: Trends
5.2.1 Rise in Internet Users
5.2.2 Product Innovation
5.2.3 Increasing health Insurance by employers for employees
5.2.4 Use of Smart Devices
5.3 Global Health Insurance Industry: Challenges
5.3.1 Renewal of Policy – An Issue
5.3.2 Lower food Security Index of many emerging Economies
5.3.3 Bargaining power of Hospitals
5.3.4 Economic Uncertainty
5.3.5 Rising Premiums Costs
6. COMPETITIVE LANDSCAPE: GLOBAL HEALTH INSURANCE INDUSTRY
7. COMPANY PROFILES: GLOBAL HEALTH INSURANCE INDUSTRY
7.1 AXA
7.1.1 Business Description
7.1.2 Financial Overview
7.1.3 Business Strategies
7.2 United Health Group
7.2.1 Business Description
7.2.2 Financial Overview
7.2.3 Business Strategies
7.3 Aviva
7.3.1 Business Description
7.3.2 Financial Overview
7.3.3 Business Strategies
7.4 Allianz
7.4.1 Business Description
7.4.2 Financial Overview
7.4.3 Business Strategies
7.5 China Life
7.5.1 Business Description
7.5.2 Financial Overview
7.5.3 Business Strategies
LIST OF FIGURES
Figure 1: Health Insurance Classification
Figure 2: Different types of Health Insurance Plans
Figure 3: Global Insurance Gross Premiums (In US$ Billions), 2009-2013
Figure 4: Distribution of Insurance Premiums by Geography, 2013
Figure 5: Global Health and Life Insurance Market- GWP, (In US$ Trillions), 2009-2013
Figure 6: Forecasted Size of Global Health and Life Insurance Market, (In US$ Trillions), 2014-2019
Figure 7: Size of Global Private Health Insurance, (In US$ Billions), 2009-2013
Figure 8: Market Size of Health Insurance in the US - GWP (In US$ Billions), 2009-2013
Figure 9: Composition of the U.S. Health Insurance Market (In Millions)
Figure 10: US Healthcare spend (In US$ Trillions), 2010-2020
Figure 11: Market Size of Health Insurance in European Union- GWP (In US$ Billions), 2009-2013
Figure 12: Breakdown of total Non-Life premiums - in Europe, 2013
Figure 13: Distribution of total insurance in Europe, 2013
Figure 14: Health Insurance Market Size in Major EU Countries, (In US$ Billions), 2013
Figure 15: Life Insurance Gross Written Premiums in Asia Pacific, (In US$ Billions)
Figure 16: Market Size of Chinese Health Insurance Market- GWP, (In US$ Billions), 2009-2013
Figure 17: Forecasted Market Size of Chinese Health Insurance Market- GWP, (In US$ Billions), 2014-2019
Figure 18: Top 10 killers in China (account for % of total death, 2012)
Figure 19: Market Size of Indian Health Insurance Market- NWP, (In US$ Millions), 2009-2013
Figure 20: Health Insurance: Distribution Channels in India, 2014
Figure 21: Market Size of Health Insurance in Middle Eastern countries - GWP (In US$ Billions), 2009-2013
Figure 22: Forecasted Market Size of Health Insurance in Middle Eastern countries- GWP (In US$ Billions), 2014-2019
Figure 23: Healthcare Spending as % of GDP in Middle East Countries, 2013
Figure 24: The leading causes of Death in the World, 2012
Figure 25: Prevalence of smoking among adults aged >= 15 years (male), 2011
Figure 26: National health expenditure (as % of GDP)
Figure 27: Worlds’ Expatriate Population (In Millions), 2009-2014
Figure 28: Speed of Population Ageing-world and development regions, (In % point) 1980-2010 and 2010-2040
Figure 29: Internet Users in the World (In Billions), 2009-2014
Figure 30: % of Global Internet Users, 4Q 2013
Figure 31: Use of Smart Devices (% of Survey Respondents)
Figure 32: Food Security Index of countries
Figure 33: Scarce Medical and Healthcare Resources, both Doctors and Infrastructure
Figure 34: Business Operations of AXA Group
Figure 35: Revenue of AXA Global (In Billions), 2009-2014
Figure 36: Breakup of Gross Revenue of AXA Group, 2014
Figure 37: AXA Gross Revenue by Geographic Regions, (in %), 2014
Figure 38: Revenue of United Health Group (In Billions), 2010-2014
Figure 39: Revenue of United Healthcare (In Billions), 2010-2014
Figure 40: Revenue of Aviva (In Billions), 2010-2014
Figure 41: Gross Written Premium of Aviva (In Billions), 2010-2014
Figure 42: Revenue of Allianz Group (In Billions), 2010-2014
Figure 43: Segment Revenue of Allianz Group, (In %), 2014
Figure 44: Revenue of China Life (In US$ Billions), 2010-2014
Figure 1: Health Insurance Classification
Figure 2: Different types of Health Insurance Plans
Figure 3: Global Insurance Gross Premiums (In US$ Billions), 2009-2013
Figure 4: Distribution of Insurance Premiums by Geography, 2013
Figure 5: Global Health and Life Insurance Market- GWP, (In US$ Trillions), 2009-2013
Figure 6: Forecasted Size of Global Health and Life Insurance Market, (In US$ Trillions), 2014-2019
Figure 7: Size of Global Private Health Insurance, (In US$ Billions), 2009-2013
Figure 8: Market Size of Health Insurance in the US - GWP (In US$ Billions), 2009-2013
Figure 9: Composition of the U.S. Health Insurance Market (In Millions)
Figure 10: US Healthcare spend (In US$ Trillions), 2010-2020
Figure 11: Market Size of Health Insurance in European Union- GWP (In US$ Billions), 2009-2013
Figure 12: Breakdown of total Non-Life premiums - in Europe, 2013
Figure 13: Distribution of total insurance in Europe, 2013
Figure 14: Health Insurance Market Size in Major EU Countries, (In US$ Billions), 2013
Figure 15: Life Insurance Gross Written Premiums in Asia Pacific, (In US$ Billions)
Figure 16: Market Size of Chinese Health Insurance Market- GWP, (In US$ Billions), 2009-2013
Figure 17: Forecasted Market Size of Chinese Health Insurance Market- GWP, (In US$ Billions), 2014-2019
Figure 18: Top 10 killers in China (account for % of total death, 2012)
Figure 19: Market Size of Indian Health Insurance Market- NWP, (In US$ Millions), 2009-2013
Figure 20: Health Insurance: Distribution Channels in India, 2014
Figure 21: Market Size of Health Insurance in Middle Eastern countries - GWP (In US$ Billions), 2009-2013
Figure 22: Forecasted Market Size of Health Insurance in Middle Eastern countries- GWP (In US$ Billions), 2014-2019
Figure 23: Healthcare Spending as % of GDP in Middle East Countries, 2013
Figure 24: The leading causes of Death in the World, 2012
Figure 25: Prevalence of smoking among adults aged >= 15 years (male), 2011
Figure 26: National health expenditure (as % of GDP)
Figure 27: Worlds’ Expatriate Population (In Millions), 2009-2014
Figure 28: Speed of Population Ageing-world and development regions, (In % point) 1980-2010 and 2010-2040
Figure 29: Internet Users in the World (In Billions), 2009-2014
Figure 30: % of Global Internet Users, 4Q 2013
Figure 31: Use of Smart Devices (% of Survey Respondents)
Figure 32: Food Security Index of countries
Figure 33: Scarce Medical and Healthcare Resources, both Doctors and Infrastructure
Figure 34: Business Operations of AXA Group
Figure 35: Revenue of AXA Global (In Billions), 2009-2014
Figure 36: Breakup of Gross Revenue of AXA Group, 2014
Figure 37: AXA Gross Revenue by Geographic Regions, (in %), 2014
Figure 38: Revenue of United Health Group (In Billions), 2010-2014
Figure 39: Revenue of United Healthcare (In Billions), 2010-2014
Figure 40: Revenue of Aviva (In Billions), 2010-2014
Figure 41: Gross Written Premium of Aviva (In Billions), 2010-2014
Figure 42: Revenue of Allianz Group (In Billions), 2010-2014
Figure 43: Segment Revenue of Allianz Group, (In %), 2014
Figure 44: Revenue of China Life (In US$ Billions), 2010-2014
LIST OF TABLES
Table 1: Top Global Health Insurance Companies, 2014
Table 2: Breakdown of National Healthcare Expenditure (HE) by Channel, 2013
Table 3: Aviva Product Range
Table 4: Selected product range of Life/Health Segment
Table 5: China Life - Revenue from Health and Accident Insurance 2013-2014
Table 1: Top Global Health Insurance Companies, 2014
Table 2: Breakdown of National Healthcare Expenditure (HE) by Channel, 2013
Table 3: Aviva Product Range
Table 4: Selected product range of Life/Health Segment
Table 5: China Life - Revenue from Health and Accident Insurance 2013-2014
