Global Group Health Insurance Market Report to 2031

DUBLIN, January 6, 2023 /PRNewswire/ — The report “Group Health Insurance Market by Plan Type, by Company Size, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031” has been added to ResearchAndMarkets.com offering.

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According to this report, the market size of group health insurance has been estimated at $744.04 billion in 2021 and is estimated to reach $1,800.08 billion by 2031, growing to CAGR by 9.4% from 2022 to 2031.

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

Increase in employee retention, especially after the decision by various governments to mandate all employers to provide health insurance to their employees, which leads to an increase in the supply of corporate health insurance from a variety of sectors such as employee benefits scheme.

Furthermore, the ease of application and tax savings of group health insurance are some of the factors driving the growth of the market. However, the rising cost of group health insurance premium and disability liability for retired employees are some of the major factors limiting the growth of group health insurance market. Conversely, the growing geriatric population and the demand for better employee benefits in companies are expected to grow tremendously in the coming years.

The group health insurance market is segmented by plan type, firm size, distribution channel, and region. By plan type, it is segmented into fully insured plan, blended insured plan, and self-insured plan. Based on the size of the enterprise, it is divided into large enterprises and micro, small and medium-sized enterprises (SMEs). According to the distribution channel, it is divided into agents, direct sales, banks and others. By region, it is parsed across North America, Europe, Asia-Pacificand LAMEA.

The report analyzes the profiles of key players operating in the group health insurance market such as Anthem Insurance Companies, Inc., Care AllianzAXA, 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 sector.

Key Benefits

  • The study provides an in-depth analysis of the global group health insurance market along with current and future trends to illustrate upcoming investment pockets.

  • Information on the main drivers, restraints and opportunities and their impact analysis on the size of the global Group Health Insurance market is provided in the report.

  • Porter’s five forces analysis illustrates the power 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.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Main findings
3.2.1.Better investment pockets
3.3. Porter’s five forces analysis
3.4.Positioning of the best players
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restrictions
3.5.3.Opportunities
3.6.COVID-19 Market Impact Analysis

CHAPTER 4: THE GROUP HEALTH INSURANCE MARKET, BY TYPE OF PLAN
4.1 Overview
4.1.1 Market size and forecast
4.2 Fully Insured Plan
4.2.1 Key market trends, growth drivers and opportunities
4.2.2 Market Size and Forecast, by Regions
4.2.3 Market analysis by country
4.3 Blended Insurance Plan
4.3.1 Key market trends, growth drivers and opportunities
4.3.2 Market Size and Forecasts, by Regions
4.3.3 Market analysis by country
4.4 Self-Insured Plan
4.4.1 Key market trends, growth drivers and opportunities
4.4.2 Market Size and Forecasts, by Regions
4.4.3 Market analysis by country

CHAPTER 5: THE GROUP HEALTH INSURANCE MARKET, BY COMPANY SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Large companies
5.2.1 Key Market Trends, Growth Drivers and Opportunities
5.2.2 Market Size and Forecast, by Regions
5.2.3 Market analysis by country
5.3 Micro, small and medium-sized enterprises (SMEs)
5.3.1 Key market trends, growth drivers and opportunities
5.3.2 Market Size and Forecast, by Regions
5.3.3 Market analysis by country

CHAPTER 6: THE 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 Drivers and Opportunities
6.2.2 Market Size and Forecast, by Regions
6.2.3 Market analysis by country
6.3 Direct Selling
6.3.1 Key Market Trends, Growth Drivers and Opportunities
6.3.2 Market Size and Forecast, by Regions
6.3.3 Market analysis by country
6.4 Banks
6.4.1 Key Market Trends, Growth Drivers 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 Drivers and Opportunities
6.5.2 Market Size and Forecast, by Regions
6.5.3 Market analysis by country

CHAPTER 7: THE GROUP HEALTH INSURANCE MARKET BY REGION

CHAPTER 8: THE CORPORATE LANDSCAPE
8.1. introduction
8.2. The best winning strategies
8.3. Mapping the products of the top 10 players
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 Corporate Snapshot
9.1.3 Operating business segments
9.1.4 Product Portfolio
9.1.5 Company performance
9.1.6 Main strategic moves and developments
9.2 Care Allianz
9.2.1 Company overview
9.2.2 Corporate Snapshot
9.2.3 Operating business segments
9.2.4 Product Portfolio
9.2.5 Company performance
9.2.6 Main strategic moves and developments
9.3 ASSA
9.3.1 Company overview
9.3.2 Corporate Snapshot
9.3.3 Operating business segments
9.3.4 Product Portfolio
9.3.5 Company performance
9.3.6 Main strategic moves and developments
9.4 Etna Inc.
9.4.1 Company overview
9.4.2 Corporate Snapshot
9.4.3 Operating business segments
9.4.4 Product Portfolio
9.4.5 Company performance
9.4.6 Main strategic moves and developments
9.5 ACKO General Insurance Limited
9.5.1 Company overview
9.5.2 Corporate Snapshot
9.5.3 Operating business segments
9.5.4 Product Portfolio
9.5.5 Company performance
9.5.6 Main strategic moves and developments
9.6 American International Group, Inc.
9.6.1 Company overview
9.6.2 Corporate Snapshot
9.6.3 Operating business segments
9.6.4 Product Portfolio
9.6.5 Company performance
9.6.6 Main strategic moves and developments
9.7 Swan
9.7.1 Company overview
9.7.2 Corporate Snapshot
9.7.3 Operating business segments
9.7.4 Product Portfolio
9.7.5 Company performance
9.7.6 Main strategic moves and developments
9.8 Chubby
9.8.1 Company overview
9.8.2 Corporate Snapshot
9.8.3 Operating business segments
9.8.4 Product Portfolio
9.8.5 Company performance
9.8.6 Main strategic moves and developments
9.9 IFFCO-Tokyo General Insurance Company
9.9.1 Company overview
9.9.2 Corporate Snapshot
9.9.3 Operating business segments
9.9.4 Product Portfolio
9.9.5 Company performance
9.9.6 Main strategic moves and developments
9.10 United HealthCare Services, Inc.
9.10.1 Company overview
9.10.2 Corporate Snapshot
9.10.3 Operating business segments
9.10.4 Product Portfolio
9.10.5 Company performance
9.10.6 Main strategic moves and developments

For more information about this report, please visit https://www.researchandmarkets.com/r/65bug7

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