Top 10 Health Insurance Companies in the World
According to IMARC Group, The global health insurance market size reached US$ 1,835.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,208.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
Health insurance compensates for medical and surgical expenditures incurred by the insured. It might be paid directly to the healthcare provider or reimbursed to the person with health insurance. Companies also provide it to their employees, with some money withdrawn from their salary and the company covering the remaining costs. Vaccines, screenings, and check ups are also covered by health insurance, which assists in enhancing overall public health and reducing the spread of diseases. It can be limited to critical illness and maternity facilities or can cover numerous health services and treatments. It offers coverage for mental health services, prescription medications, and rehabilitation depending on the jurisdiction and the insurer.
Grab a sample PDF of this report: https://www.imarcgroup.com/health-insurance-market/requestsample
Presently, key players are using advanced technologies like artificial intelligence (AI), machine learning (ML), and data analytics to streamline operations and improve buyer experiences. For instance, the use of chatbots and automated systems provides 24/7 facilities to people with apt answer to their queries. There is a trend of preventive care among people nowadays and leading players are capitalizing on this trend by organizing health and wellness programs while offering discounts or rewards for participating in healthy activities. Moreover, developing regions are creating several opportunities for major health insurance companies, as people in these regions are becoming more aware about the importance of having health insurance, coupled with their inflating income levels, which help them plan a secure life for them and their families. This also helps leading companies to tap into underserved areas within existing markets. To improve buyer engagement, insurers are helping them to make informed decisions about their health insurance by offering clear information regarding costs, benefits, and coverage options.
Top companies operating in the health insurance market are actively collaborating with healthcare providers and tech companies to provide cost-effective solutions to people around the world. Broadening their product lines is one of the key strategies followed by several key players in the market. Tiered coverage options, high-deductible health plans, and plans that supports mental issues are some of the recent coverages offering by top companies in the market. Mental health and wellness coverage is particularly attracting young population, thereby offering lucrative growth opportunities to key players.
Top 10 Health Insurance Companies in the World
- Aetna Inc. (CVS Health Corporation)
- AIA Group Limited
- Allianz SE
- Aviva Plc
- Berkshire Hathaway Inc.
- Cigna Corporation
- International Medical Group Inc. (Sirius International Insurance Group Ltd.)
- Prudential Plc
- United Health Group Inc.
- Zurich Insurance Group AG
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
Other interesting blogs
Chasing Waterfalls in Iceland
Iceland is spectacular in so many ways and Icelandic nature is quite unique with its vast landscape, volcanic activity, geothermal areas, glacier lagoons and sceneries, black sand beaches and spectRead moreSænautasel Turf House in the Highland of Iceland
In my search for turf houses around Iceland, I visited Sænautasel, which is a rebuilt turf house on Jökuldalsheiði heath in the highland of Iceland. It is, in my opinion, an extremely cute turf hoRead moreThe Dynamic Plant Lupine
People have been asking me where to find lupines in Iceland. If you like them you should be able to find them easily in Iceland in summer. They are in bloom and visible almost wherever you drive aroRead more
Download Iceland’s biggest travel marketplace to your phone to manage your entire trip in one place
Scan this QR code with your phone camera and press the link that appears to add Iceland’s biggest travel marketplace into your pocket. Enter your phone number or email address to receive an SMS or email with the download link.
