Life & Health Insurance Market, By Distribution Channel (Direct Sales, Brokers/Agents, Banks, and Others), Insurance Type (Diseases Insurance and Medical Insurance), Coverage (Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)), End User Type (Group and Individuals), and Age Group (Senior Citizens, Adult, and Minors) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Global Life & Health Insurance market is anticipated to reach USD 2,400 billion in 2021 growing at a CAGR of 6.9% during the forecasting period, 2021-2028.
Life insurance is a class of insurance which pays a death benefit to the beneficiaries in case of premature deaths. Health insurance in contrast pays for the medical facilities taken up by the person in case of health issues. Life insurance asses the risk of death and provide benefit to the associated family members whereas the health insurance asses the risk of health issues and illness and ensure proper treatment. The most recent collaboration in the sector is between Cerner and New York Life.
Due to the recent outbreak of pandemic along with the increased health care cost are some of the factors that have supported long-term expansion for Life & Health Insurance industry.
Global Life & Health Insurance market is segmented into Distribution Channel, Insurance Type, Coverage, End User Type, and Age Group and geography.
Distribution Channel segment is segmented into Direct Sales, Brokers/Agents, Banks, and Others
Insurance Type segment is segmented into Diseases Insurance and Medical Insurance
Coverage segment is segmented into Preferred Provider Organizations (PPOs), Point of Service (POS), Health Maintenance Organizations (HMOs), and Exclusive Provider Organizations (EPOs)
End User Type segment is segmented into Group and Individuals
Age group segment is segmented into Senior Citizens, Adult, and Minors
Geographically, global Life & Health Insurance market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Key players in global Life & Health Insurance market are Companies Profiled Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI, S.P.A., Aviva, AXA, Cigna, Ping An Insurance (Group), Company of China, Ltd., UnitedHealth Group, Zurich among others.
Report Feature |
Descriptions |
---|---|
Market Revenue In 2021 |
USD 2,400 billion |
Growth Rate |
CAGR of 6.9% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
Distribution Channel, Insurance Type, Coverage , End User Type, and Age Group and Geography |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Aetna Inc., AIA Group Limited, Allianz, ASSICURAZIONI GENERALI, S.P.A., Aviva, AXA, Cigna, Ping An Insurance (Group), Company of China, Ltd., UnitedHealth Group, Zurich |
Available Customization |
In addition to the market data for Life & Health Insurance market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement. |