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WiseGuyRerports.com Presents “Global Personal Accident and Health Insurance Market Size, Status and Forecast 2025” New Document to its Studies Database
In this unpredictable life, insurance gives the assurance of return, at least something. In the modern world, it is challenging to take care of health routinely due to the high-pressure work environment and busy schedule. The growing environmental pollution also has an adverse effect on the human body. So, it is essential to have a back up for any unforeseen unfortunate happenings. As a result, these days, more people are opting for personal insurance to ensure their future.
Road accidents are increasing due to the high vehicle population and lack of infrastructure. The personal accident insurance bears the financial expenses for the injuries and disabilities caused by accident.
Health insurance and personal accident insurance are entirely different from each other. Health insurance covers common health problems due to illness and diseases, while personal accident insurance covers accident-related injuries and disabilities. The global market of Personal Accident and Health Insurance is increasing day by day. As a result, the industry is expected to show an excellent compound annual growth rate during the forecast period.
Cathay Life Insurance
Nan Shan Life Insurance Company
Fubon Life Insurance
Shin Kong Life Insurance
MassMutual Mercuries Life Insurance
China Life Insurance
Kuo Hua Life Insurance
Far Glory Life Insurance
Taiwan Life Insurance
Cigna Taiwan Life Insurance
Market Segmentation of Global Personal Accident and Health Insurance Market
The global Personal Accident and Health Insurance market can be divided on the basis of type, application, and region.
By type, the market segmentation includes Bancassurance, E-commerce, Brokers, Direct Marketing, and Agencies.
Among these, Agencies contribute to the largest market, followed by brokers.
Based on application, the global market can further be segmented into Personal Injury Claims, Work Accidents, and Road Traffic Accidents.
The personal accident segment is leading the chart in terms of market share.
Geographical Market Segmentation of Global Personal Accident and Health Insurance Market
The global market segmentation of Personal Accident and Health Insurance includes regions like Latin & Central America, North America, Europe, Indo Pacific, and the Middle East and African region.
Some of the focused countries are UAE, Turkey, China, Venezuela, UAE, the UK, the USA, India, Japan, Russia, Algeria, Angola, Argentina, China, Ukraine, Australia, Brazil, and Vietnam.
The Indo Pacific region is showing the highest Compound Annual Growth Rate (CAGR) during the forecast period owing to the increasing demand of the middle-class community in countries like India and China. North America and Europe are leading the market in terms of market share. High disposable income, a good lifestyle, better awareness about policies are some of the factors contributing to the growth of the industry in these regions.
Current Happenings from Global Personal Accident and Health Insurance Market
Americal insurance giant Mercury insurance will have to pay a whopping 41 million USD to the Californian government in a settlement. Mercury is the fourth-largest insurance company in the state of California. Mercury alleged to take extra money of 150 USD from each of its customers in the early 2000s. The company was involved in a legal battle against the state government for a record 20 years. The amount is enormous, and it is the highest fine amount received by the state government. The state government of California described the win as a symbol of justice to the company’s customers.
Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)