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Group Health Insurance Market By Plan Type, By Enterprise Size, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 262 Pages
  • July 2022
  • Region: Global
  • Allied Market Research
  • ID: 5671021
Description Jump to:

A group health insurance is a type of health insurance plan that covers a group of people who work under the same organization. This is often offered as a valuable benefit for employees as the premium for the same is borne by employers. Group health insurance coverage can be extended to the family members of employees in some cases. This insurance plan is also referred to as corporate health insurance or employee health insurance.

The surge in employee retention, especially after the decision of various governments to mandate all employers to provide health insurance to their employees, leads to an increase in offering corporate health insurance from a variety of industries as an employee benefits scheme. Furthermore, easy claiming and tax saving of group health insurance are some of the factors that propel the market growth. However, an increase in group health insurance premium cost and invalid liability for retired employees are some of the major factors that limit the group health insurance market growth. On the contrary, the rise in the geriatric population and demand for better employee benefits incorporates is expected to grow tremendously in the coming years.

The group health insurance market is segmented on the basis of plan type, enterprise size, distribution channel, and region. By plan type, it is segmented into a fully insured plan, mixed-insured plan, and self-insured plan. By enterprise size, it is bifurcated into large enterprises, and micro, small, & medium enterprises (MSMEs). Based on distribution channels, it is segregated into agents, direct sales, banks, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the group health insurance market such as Anthem Insurance Companies, Inc., Allianz Care, AXA, Aetna Inc., ACKO General Insurance Limited, American International Group, Inc., Cigna, Chubb, IFFCO-Tokio General Insurance Company Limited, and United HealthCare Services, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the group health insurance industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global group health insurance market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global group health insurance market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global group health insurance market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Plan Type

  • Mixed-insured Plan
  • Self-insured Plan
  • Fully Insured Plan

By Enterprise Size

  • Large Enterprises
  • Micro, Small, and Medium Enterprises (MSMEs)

By Distribution Channel

  • Agents
  • Direct Sale
  • Banks
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Anthem Insurance Companies, Inc.
  • Allianz Care
  • AXA
  • Aetna Inc.
  • ACKO General Insurance Limited
  • American International Group, Inc.
  • Cigna
  • Chubb
  • IFFCO-Tokio General Insurance Company
  • United HealthCare Services, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: GROUP HEALTH INSURANCE MARKET, BY PLAN TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Fully Insured Plan
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Mixed-insured Plan
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Self-insured Plan
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: GROUP HEALTH INSURANCE MARKET, BY ENTERPRISE SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large Enterprises
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Micro, Small, and Medium Enterprises (MSMEs)
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: GROUP HEALTH INSURANCE MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Agents
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Direct Sale
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Banks
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: GROUP HEALTH INSURANCE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Plan Type
7.2.3 North America Market size and forecast, by Enterprise Size
7.2.4 North America Market size and forecast, by Distribution Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Plan Type
7.2.5.1.2 Market size and forecast, by Enterprise Size
7.2.5.1.3 Market size and forecast, by Distribution Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Plan Type
7.2.5.2.2 Market size and forecast, by Enterprise Size
7.2.5.2.3 Market size and forecast, by Distribution Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Plan Type
7.3.3 Europe Market size and forecast, by Enterprise Size
7.3.4 Europe Market size and forecast, by Distribution Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 United Kingdom
7.3.5.1.1 Market size and forecast, by Plan Type
7.3.5.1.2 Market size and forecast, by Enterprise Size
7.3.5.1.3 Market size and forecast, by Distribution Channel
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Plan Type
7.3.5.2.2 Market size and forecast, by Enterprise Size
7.3.5.2.3 Market size and forecast, by Distribution Channel
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Plan Type
7.3.5.3.2 Market size and forecast, by Enterprise Size
7.3.5.3.3 Market size and forecast, by Distribution Channel
7.3.5.4 Spain
7.3.5.4.1 Market size and forecast, by Plan Type
7.3.5.4.2 Market size and forecast, by Enterprise Size
7.3.5.4.3 Market size and forecast, by Distribution Channel
7.3.5.5 Italy
7.3.5.5.1 Market size and forecast, by Plan Type
7.3.5.5.2 Market size and forecast, by Enterprise Size
7.3.5.5.3 Market size and forecast, by Distribution Channel
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Plan Type
7.3.5.6.2 Market size and forecast, by Enterprise Size
7.3.5.6.3 Market size and forecast, by Distribution Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Plan Type
7.4.3 Asia-Pacific Market size and forecast, by Enterprise Size
7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Plan Type
7.4.5.1.2 Market size and forecast, by Enterprise Size
7.4.5.1.3 Market size and forecast, by Distribution Channel
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Plan Type
7.4.5.2.2 Market size and forecast, by Enterprise Size
7.4.5.2.3 Market size and forecast, by Distribution Channel
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Plan Type
7.4.5.3.2 Market size and forecast, by Enterprise Size
7.4.5.3.3 Market size and forecast, by Distribution Channel
7.4.5.4 Australia
7.4.5.4.1 Market size and forecast, by Plan Type
7.4.5.4.2 Market size and forecast, by Enterprise Size
7.4.5.4.3 Market size and forecast, by Distribution Channel
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Plan Type
7.4.5.5.2 Market size and forecast, by Enterprise Size
7.4.5.5.3 Market size and forecast, by Distribution Channel
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Plan Type
7.4.5.6.2 Market size and forecast, by Enterprise Size
7.4.5.6.3 Market size and forecast, by Distribution Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Plan Type
7.5.3 LAMEA Market size and forecast, by Enterprise Size
7.5.4 LAMEA Market size and forecast, by Distribution Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Plan Type
7.5.5.1.2 Market size and forecast, by Enterprise Size
7.5.5.1.3 Market size and forecast, by Distribution Channel
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Plan Type
7.5.5.2.2 Market size and forecast, by Enterprise Size
7.5.5.2.3 Market size and forecast, by Distribution Channel
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Plan Type
7.5.5.3.2 Market size and forecast, by Enterprise Size
7.5.5.3.3 Market size and forecast, by Distribution Channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Anthem Insurance Companies, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Allianz Care
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 AXA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Aetna Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 ACKO General Insurance Limited
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 American International Group, Inc.
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Cigna
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Chubb
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 IFFCO-Tokio General Insurance Company
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 United HealthCare Services, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 2. Group Health Insurance Market Size, for Fully Insured Plan, by Region, 2021-2031 ($Billion)
Table 3. Group Health Insurance Market for Fully Insured Plan by Country, 2021-2031 ($Billion)
Table 4. Group Health Insurance Market Size, for Mixed-Insured Plan, by Region, 2021-2031 ($Billion)
Table 5. Group Health Insurance Market for Mixed-Insured Plan by Country, 2021-2031 ($Billion)
Table 6. Group Health Insurance Market Size, for Self-Insured Plan, by Region, 2021-2031 ($Billion)
Table 7. Group Health Insurance Market for Self-Insured Plan by Country, 2021-2031 ($Billion)
Table 8. Global Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 9. Group Health Insurance Market Size, for Large Enterprises, by Region, 2021-2031 ($Billion)
Table 10. Group Health Insurance Market for Large Enterprises by Country, 2021-2031 ($Billion)
Table 11. Group Health Insurance Market Size, for Micro, Small, and Medium Enterprises (Msmes), by Region, 2021-2031 ($Billion)
Table 12. Group Health Insurance Market for Micro, Small, and Medium Enterprises (Msmes) by Country, 2021-2031 ($Billion)
Table 13. Global Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 14. Group Health Insurance Market Size, for Agents, by Region, 2021-2031 ($Billion)
Table 15. Group Health Insurance Market for Agents by Country, 2021-2031 ($Billion)
Table 16. Group Health Insurance Market Size, for Direct Sale, by Region, 2021-2031 ($Billion)
Table 17. Group Health Insurance Market for Direct Sale by Country, 2021-2031 ($Billion)
Table 18. Group Health Insurance Market Size, for Banks, by Region, 2021-2031 ($Billion)
Table 19. Group Health Insurance Market for Banks by Country, 2021-2031 ($Billion)
Table 20. Group Health Insurance Market Size, for Others, by Region, 2021-2031 ($Billion)
Table 21. Group Health Insurance Market for Others by Country, 2021-2031 ($Billion)
Table 22. Group Health Insurance Market, by Region, 2021-2031 ($Billion)
Table 23. North America Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 24. North America Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 25. North America Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 26. North America Group Health Insurance Market, by Country, 2021-2031 ($Billion)
Table 27. U.S. Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 28. U.S. Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 29. U.S. Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 30. Canada Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 31. Canada Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 32. Canada Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 33. Europe Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 34. Europe Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 35. Europe Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 36. Europe Group Health Insurance Market, by Country, 2021-2031 ($Billion)
Table 37. United Kingdom Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 38. United Kingdom Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 39. United Kingdom Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 40. Germany Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 41. Germany Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 42. Germany Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 43. France Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 44. France Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 45. France Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 46. Spain Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 47. Spain Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 48. Spain Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 49. Italy Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 50. Italy Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 51. Italy Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 52. Rest of Europe Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 53. Rest of Europe Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 54. Rest of Europe Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 55. Asia-Pacific Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 56. Asia-Pacific Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 57. Asia-Pacific Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 58. Asia-Pacific Group Health Insurance Market, by Country, 2021-2031 ($Billion)
Table 59. Japan Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 60. Japan Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 61. Japan Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 62. China Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 63. China Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 64. China Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 65. India Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 66. India Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 67. India Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 68. Australia Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 69. Australia Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 70. Australia Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 71. South Korea Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 72. South Korea Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 73. South Korea Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 74. Rest of Asia-Pacific Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 75. Rest of Asia-Pacific Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 76. Rest of Asia-Pacific Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 77. LAMEA Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 78. LAMEA Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 79. LAMEA Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 80. LAMEA Group Health Insurance Market, by Country, 2021-2031 ($Billion)
Table 81. Latin America Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 82. Latin America Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 83. Latin America Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 84. Middle East Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 85. Middle East Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 86. Middle East Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 87. Africa Group Health Insurance Market, by Plan Type, 2021-2031 ($Billion)
Table 88. Africa Group Health Insurance Market, by Enterprise Size, 2021-2031 ($Billion)
Table 89. Africa Group Health Insurance Market, by Distribution Channel, 2021-2031 ($Billion)
Table 90. Anthem Insurance Companies, Inc.: Company Snapshot
Table 91. Anthem Insurance Companies, Inc.: Operating Segments
Table 92. Anthem Insurance Companies, Inc.: Product Portfolio
Table 93. Anthem Insurance Companies, Inc.: Net Sales
Table 94. Anthem Insurance Companies, Inc.: Key Stratergies
Table 95. Allianz Care: Company Snapshot
Table 96. Allianz Care: Operating Segments
Table 97. Allianz Care: Product Portfolio
Table 98. Allianz Care: Net Sales
Table 99. Allianz Care: Key Stratergies
Table 100. Axa: Company Snapshot
Table 101. Axa: Operating Segments
Table 102. Axa: Product Portfolio
Table 103. Axa: Net Sales
Table 104. Axa: Key Stratergies
Table 105. Aetna Inc.: Company Snapshot
Table 106. Aetna Inc.: Operating Segments
Table 107. Aetna Inc.: Product Portfolio
Table 108. Aetna Inc.: Net Sales
Table 109. Aetna Inc.: Key Stratergies
Table 110. Acko General Insurance Limited: Company Snapshot
Table 111. Acko General Insurance Limited: Operating Segments
Table 112. Acko General Insurance Limited: Product Portfolio
Table 113. Acko General Insurance Limited: Net Sales
Table 114. Acko General Insurance Limited: Key Stratergies
Table 115. American International Group, Inc.: Company Snapshot
Table 116. American International Group, Inc.: Operating Segments
Table 117. American International Group, Inc.: Product Portfolio
Table 118. American International Group, Inc.: Net Sales
Table 119. American International Group, Inc.: Key Stratergies
Table 120. Cigna: Company Snapshot
Table 121. Cigna: Operating Segments
Table 122. Cigna: Product Portfolio
Table 123. Cigna: Net Sales
Table 124. Cigna: Key Stratergies
Table 125. Chubb: Company Snapshot
Table 126. Chubb: Operating Segments
Table 127. Chubb: Product Portfolio
Table 128. Chubb: Net Sales
Table 129. Chubb: Key Stratergies
Table 130. Iffco-Tokio General Insurance Company: Company Snapshot
Table 131. Iffco-Tokio General Insurance Company: Operating Segments
Table 132. Iffco-Tokio General Insurance Company: Product Portfolio
Table 133. Iffco-Tokio General Insurance Company: Net Sales
Table 134. Iffco-Tokio General Insurance Company: Key Stratergies
Table 135. United Healthcare Services, Inc.: Company Snapshot
Table 136. United Healthcare Services, Inc.: Operating Segments
Table 137. United Healthcare Services, Inc.: Product Portfolio
Table 138. United Healthcare Services, Inc.: Net Sales
Table 139. United Healthcare Services, Inc.: Key Stratergies
List of Figures
Figure 1. Group Health Insurance Market Segmentation
Figure 2. Group Health Insurance Market,2021-2031
Figure 3. Group Health Insurance Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Group Health Insurance Market: Drivers, Restraints and Opportunities
Figure 12. Group Health Insurance Market, By Plan Type,2021(%)
Figure 13. Comparative Share Analysis of Fully Insured Plan Group Health Insurance Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Mixed-Insured Plan Group Health Insurance Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Self-Insured Plan Group Health Insurance Market,2021-2031(%)
Figure 16. Group Health Insurance Market, By Enterprise Size,2021(%)
Figure 17. Comparative Share Analysis of Large Enterprises Group Health Insurance Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Micro, Small, and Medium Enterprises (Msmes) Group Health Insurance Market,2021-2031(%)
Figure 19. Group Health Insurance Market, By Distribution Channel,2021(%)
Figure 20. Comparative Share Analysis of Agents Group Health Insurance Market,2021-2031(%)
Figure 21. Comparative Share Analysis of Direct Sale Group Health Insurance Market,2021-2031(%)
Figure 22. Comparative Share Analysis of Banks Group Health Insurance Market,2021-2031(%)
Figure 23. Comparative Share Analysis of Others Group Health Insurance Market,2021-2031(%)
Figure 24. Group Health Insurance Market by Region,2021
Figure 25. U.S. Group Health Insurance Market,2021-2031($Billion)
Figure 26. Canada Group Health Insurance Market,2021-2031($Billion)
Figure 27. United Kingdom Group Health Insurance Market,2021-2031($Billion)
Figure 28. Germany Group Health Insurance Market,2021-2031($Billion)
Figure 29. France Group Health Insurance Market,2021-2031($Billion)
Figure 30. Spain Group Health Insurance Market,2021-2031($Billion)
Figure 31. Italy Group Health Insurance Market,2021-2031($Billion)
Figure 32. Rest of Europe Group Health Insurance Market,2021-2031($Billion)
Figure 33. Japan Group Health Insurance Market,2021-2031($Billion)
Figure 34. China Group Health Insurance Market,2021-2031($Billion)
Figure 35. India Group Health Insurance Market,2021-2031($Billion)
Figure 36. Australia Group Health Insurance Market,2021-2031($Billion)
Figure 37. South Korea Group Health Insurance Market,2021-2031($Billion)
Figure 38. Rest of Asia-Pacific Group Health Insurance Market,2021-2031($Billion)
Figure 39. Latin America Group Health Insurance Market,2021-2031($Billion)
Figure 40. Middle East Group Health Insurance Market,2021-2031($Billion)
Figure 41. Africa Group Health Insurance Market,2021-2031($Billion)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Anthem Insurance Companies, Inc..: Net Sales ,($Billion)
Figure 49. Allianz Care.: Net Sales ,($Billion)
Figure 50. Axa.: Net Sales ,($Billion)
Figure 51. Aetna Inc..: Net Sales ,($Billion)
Figure 52. Acko General Insurance Limited.: Net Sales ,($Billion)
Figure 53. American International Group, Inc..: Net Sales ,($Billion)
Figure 54. Cigna.: Net Sales,($Billion)
Figure 55. Chubb.: Net Sales,($Billion)
Figure 56. Iffco-Tokio General Insurance Company.: Net Sales,($Billion)
Figure 57. United Healthcare Services, Inc..: Net Sales,($Billion)

Executive Summary

According to the report, titled, “Group Health Insurance Market," the group health insurance market size was valued at $744.04 billion in 2021, and is estimated to reach $1,800.08 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

Mandatory provision of group health insurance in private & public sectors employees and surge in prevalence of chronic diseases, such as cardiovascular disease, cancer, and diabetes, are the key factors that boost the global group health insurance market growth. However, limitation of availability of reimbursement in certain specified clinics & hospitals and increase in group health insurance policy & its premium cost restrict growth of the group health insurance market. Conversely, development of advanced technology in the health care sector and increase in medical treatment cost are expected to create an immense opportunity for the market in the coming years.

On the basis of distribution channel, the agents segment is expected to grow at a fastest rate during the forecast period. This is attributed to the fact that with an increase in demand for customized and personalized services, optum unitedhealth group insurance agents are utilizing several websites and online selling platforms, which has become a major trend in the group health insurance market.

On the basis of region, North America accounted for the highest group health insurance market share in 2021. This is attributed to growth in corporate culture and presence of large number of multinational companies in North America is a major factor for growth of group medical insurance in the region. However, Asia-Pacific is attributed to grow at a significant rate during the forecast period. This is attributed to the fact that Asia-Pacific group health insurance market has increased as there has been surge in demand to provide insurance to employees in MNCs in the region. In addition, growth in awareness among people about group healthcare insurance is expected to fuel growth of the market in the coming years.

The group health insurance market has been positively impacted by the COVID-19 outbreak. This is attributed to the fact that consumer toward group health insurance market trends are changing and key players in the market are adopting technologies such as artificial intelligence-based solutions for claim processing & cognitive automation for real-time interaction with consumers.

Key Findings of the Study

  • By plan type, the fully insured plan segment led the group health insurance market in terms of revenue in 2021.
  • By enterprise size, the large enterprises segment accounted for the highest group health insurance market share in 2021.
  • By region, North America generated the highest revenue in 2021.
  • The key players profiled in the group health insurance market analysis are Anthem Insurance Companies, Inc., Allianz Care, AXA, Aetna Inc., ACKO General Insurance Limited, American International Group, Inc., Cigna, Chubb, IFFCO-Tokio General Insurance Company Limited, and United HealthCare Services, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the group health insurance industry.

Companies Mentioned

  • Anthem Insurance Companies, Inc.
  • Allianz Care
  • Axa
  • Aetna Inc.
  • Acko General Insurance Limited
  • American International Group, Inc.
  • Cigna
  • Chubb
  • Iffco-Tokio General Insurance Company
  • United Healthcare Services, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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