The global health insurance market is expected to exceed USD xx million by 2025 primarily due to increasing number of investments in the healthcare sector.
Growing geriatric population globally, government initiatives towards health insurance, emerging markets policies towards novel and generic insurance plans have been supporting the growth of health insurance industry. Economic growth, initiatives by government bodies, rising incidences of chronic illnesses, and growing geriatric population are some of the key factors driving the growth of the global health insurance market.
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Health insurance is one of the fastest growing segments of the overall insurance sector market globally. Health insurance is a policy which covers an individual, partly or wholly, for his medical expenses arising due to different reasons such as hospitalization or surgeries.
Reasons for the study
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Health Insurance is a well-defined market; however, this has been limited only to the North American and European nations. Countries are realizing the importance of health insurance and governments are taking apt steps in creating awareness in masses. Nation-wide policies such as Obamacare in the U.S. and Modicare (National Health Protection Scheme (NHPS)) in India are likely to drive the growth of the global market.
Government bodies have also initiated digitalization and supported the infrastructural development leading high-speed data flow and analysis resulting in a well-defined insurance architecture. The collaboration between Aetna and CVS is a very good example of how the insurance companies are trying to explore potential benefits for an individual and extending their reach, thus leading to exponential growth in the health insurance market globally.
Cigna Corporation, AIA Insurance Group, United Health Group, Express Scripts Holding Company, Aetna, In, Apollo Munich Health Insurance among others are some of the key players present in the global health insurance market.
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Key segments of the upcoming report
Distribution Channel Overview, 2015 – 2025 (USD Million)
Direct writing
Intermediates (Including agents & brokers)
Bancassurance & others
The report analyzes several players in the market, some of which include:
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