Global Personal Accident and Health Insurance Market 2023-2027

Description

List of Tables

The personal accident and health insurance market is forecasted to grow by USD 665.73 bn during 2022-2027, accelerating at a CAGR of 8.75% during the forecast period. The report on the personal accident and health insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing awareness about benefits of personal accident and health insurance, rise in number of accidents, and increase in prevalence of chronic diseases.

Technavio's personal accident and health insurance market is segmented as below:

By Type

Personal health insurance
Personal accidental insurance

By Age Group

Adults
Senior citizens
Children

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the increasing availability of insurance products and services through digital channels as one of the prime reasons driving the personal accident and health insurance market growth during the next few years. Also, growing demand for customization and tailored insurance policies and integration of wearables into customer engagement metrics for life insurance software will lead to sizable demand in the market.

The report on the personal accident and health insurance market covers the following areas:

Personal accident and health insurance market sizing
Personal accident and health insurance market forecast
Personal accident and health insurance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal accident and health insurance market vendors that include Aegon N.V., Allianz SE, American International Group Inc., Assicurazioni Generali S.p.A., Aviva insurance Ltd., AXA Group, British United Provident Association Ltd., Cigna Corp., CVS Health Corp., Dai ichi Life Holdings Inc., HDFC Ltd., Manulife Financial Corp., MAPFRE S.A., Metlife Inc., Munich Reinsurance Co., Nippon Life Insurance Co., Ping An Insurance Group Co. of China Ltd., Prudential Financial Inc., Sompo Holdings Inc., Sumitomo Life Insurance Co., Sun Life Financial Inc., Swiss Re Ltd., The New India Assurance Co. Ltd., UnitedHealth Group Inc., and Zurich Insurance Co. Ltd.. Also, the personal accident and health insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR75835

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Age Group
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global personal accident and health insurance market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global personal accident and health insurance market 2017 - 2021 ($ billion)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.3 Age Group Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Age Group Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Personal health insurance - Market size and forecast 2022-2027
Exhibit 34: Chart on Personal health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Personal health insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Personal health insurance - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Personal health insurance - Year-over-year growth 2022-2027 (%)
6.4 Personal accidental insurance - Market size and forecast 2022-2027
Exhibit 38: Chart on Personal accidental insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Personal accidental insurance - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Personal accidental insurance - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Personal accidental insurance - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ billion)
Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Age Group

7.1 Market segments
Exhibit 44: Chart on Age Group - Market share 2022-2027 (%)
Exhibit 45: Data Table on Age Group - Market share 2022-2027 (%)
7.2 Comparison by Age Group
Exhibit 46: Chart on Comparison by Age Group
Exhibit 47: Data Table on Comparison by Age Group
7.3 Adults - Market size and forecast 2022-2027
Exhibit 48: Chart on Adults - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Data Table on Adults - Market size and forecast 2022-2027 ($ billion)
Exhibit 50: Chart on Adults - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Adults - Year-over-year growth 2022-2027 (%)
7.4 Senior citizens - Market size and forecast 2022-2027
Exhibit 52: Chart on Senior citizens - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Data Table on Senior citizens - Market size and forecast 2022-2027 ($ billion)
Exhibit 54: Chart on Senior citizens - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Senior citizens - Year-over-year growth 2022-2027 (%)
7.5 Children - Market size and forecast 2022-2027
Exhibit 56: Chart on Children - Market size and forecast 2022-2027 ($ billion)
Exhibit 57: Data Table on Children - Market size and forecast 2022-2027 ($ billion)
Exhibit 58: Chart on Children - Year-over-year growth 2022-2027 (%)
Exhibit 59: Data Table on Children - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Age Group
Exhibit 60: Market opportunity by Age Group ($ billion)
Exhibit 61: Data Table on Market opportunity by Age Group ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ billion)
Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Canada - Market size and forecast 2022-2027
Exhibit 95: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 96: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 97: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Japan - Market size and forecast 2022-2027
Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Allianz SE
Exhibit 115: Allianz SE - Overview
Exhibit 116: Allianz SE - Business segments
Exhibit 117: Allianz SE - Key news
Exhibit 118: Allianz SE - Key offerings
Exhibit 119: Allianz SE - Segment focus
12.4 American International Group Inc.
Exhibit 120: American International Group Inc. - Overview
Exhibit 121: American International Group Inc. - Business segments
Exhibit 122: American International Group Inc. - Key news
Exhibit 123: American International Group Inc. - Key offerings
Exhibit 124: American International Group Inc. - Segment focus
12.5 Assicurazioni Generali S.p.A.
Exhibit 125: Assicurazioni Generali S.p.A. - Overview
Exhibit 126: Assicurazioni Generali S.p.A. - Business segments
Exhibit 127: Assicurazioni Generali S.p.A. - Key offerings
Exhibit 128: Assicurazioni Generali S.p.A. - Segment focus
12.6 AXA Group
Exhibit 129: AXA Group - Overview
Exhibit 130: AXA Group - Business segments
Exhibit 131: AXA Group - Key offerings
Exhibit 132: AXA Group - Segment focus
12.7 British United Provident Association Ltd.
Exhibit 133: British United Provident Association Ltd. - Overview
Exhibit 134: British United Provident Association Ltd. - Business segments
Exhibit 135: British United Provident Association Ltd. - Key offerings
Exhibit 136: British United Provident Association Ltd. - Segment focus
12.8 Cigna Corp.
Exhibit 137: Cigna Corp. - Overview
Exhibit 138: Cigna Corp. - Product / Service
Exhibit 139: Cigna Corp. - Key offerings
12.9 CVS Health Corp.
Exhibit 140: CVS Health Corp. - Overview
Exhibit 141: CVS Health Corp. - Business segments
Exhibit 142: CVS Health Corp. - Key news
Exhibit 143: CVS Health Corp. - Key offerings
Exhibit 144: CVS Health Corp. - Segment focus
12.10 HDFC Ltd.
Exhibit 145: HDFC Ltd. - Overview
Exhibit 146: HDFC Ltd. - Product / Service
Exhibit 147: HDFC Ltd. - Key offerings
12.11 Manulife Financial Corp.
Exhibit 148: Manulife Financial Corp. - Overview
Exhibit 149: Manulife Financial Corp. - Business segments
Exhibit 150: Manulife Financial Corp. - Key offerings
Exhibit 151: Manulife Financial Corp. - Segment focus
12.12 Metlife Inc.
Exhibit 152: Metlife Inc. - Overview
Exhibit 153: Metlife Inc. - Business segments
Exhibit 154: Metlife Inc. - Key offerings
Exhibit 155: Metlife Inc. - Segment focus
12.13 Prudential Financial Inc.
Exhibit 156: Prudential Financial Inc. - Overview
Exhibit 157: Prudential Financial Inc. - Business segments
Exhibit 158: Prudential Financial Inc. - Key offerings
Exhibit 159: Prudential Financial Inc. - Segment focus
12.14 Sun Life Financial Inc.
Exhibit 160: Sun Life Financial Inc. - Overview
Exhibit 161: Sun Life Financial Inc. - Business segments
Exhibit 162: Sun Life Financial Inc. - Key offerings
Exhibit 163: Sun Life Financial Inc. - Segment focus
12.15 Swiss Re Ltd.
Exhibit 164: Swiss Re Ltd. - Overview
Exhibit 165: Swiss Re Ltd. - Business segments
Exhibit 166: Swiss Re Ltd. - Key news
Exhibit 167: Swiss Re Ltd. - Key offerings
Exhibit 168: Swiss Re Ltd. - Segment focus
12.16 UnitedHealth Group Inc.
Exhibit 169: UnitedHealth Group Inc. - Overview
Exhibit 170: UnitedHealth Group Inc. - Business segments
Exhibit 171: UnitedHealth Group Inc. - Key news
Exhibit 172: UnitedHealth Group Inc. - Key offerings
Exhibit 173: UnitedHealth Group Inc. - Segment focus
12.17 Zurich Insurance Co. Ltd.
Exhibit 174: Zurich Insurance Co. Ltd. - Overview
Exhibit 175: Zurich Insurance Co. Ltd. - Business segments
Exhibit 176: Zurich Insurance Co. Ltd. - Key offerings
Exhibit 177: Zurich Insurance Co. Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 178: Inclusions checklist
Exhibit 179: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 180: Currency conversion rates for US$
13.4 Research methodology
Exhibit 181: Research methodology
Exhibit 182: Validation techniques employed for market sizing
Exhibit 183: Information sources
13.5 List of abbreviations
Exhibit 184: List of abbreviations