Personal Accident and Health (PA&H) Insurance Market by Type, Age Group and Geography - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 170 SKU: IRTNTR75835

Personal Accident and Health Insurance Market Forecast 2023-2027

The personal accident and health insurance market size is forecast to increase by USD 665.73 billion. This market is estimated to grow at a CAGR of 8.75% between 2022 and 2027. The growth of the market depends on several factors, such as increasing awareness about the benefits of personal accidents and health insurance, a rise in the number of accidents, and an increase in the prevalence of chronic diseases.

This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Personal Accident And Health Insurance Market During the Forecast Period?

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Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the rise in number of accidents. According to new research, there has been a rise in the number of accidents has increased by a significant margin, resulting in an increase in claims for personal accidents and health coverage. The key reason for the increase in accidents is the rise in negligent driving practices.

Furthermore, factors such as the prevalence of reckless driving, speeding, and driving under the influence of alcohol or drugs are significantly contributing to the rising number of accidents.  For instance, in the US, even though there are strict road safety measures, the number of car accidents has been on the rise. According to the Insurance Institute for Highway Safety (IIHS), it is estimated that in the year 2021, there were 39,508 fatal motor vehicle crashes of which 42,939 deaths occurred in the US alone. Hence, such factors are expected to drive the global market growth during the forecast period.

Market Trends and Analysis

A key factor shaping the market growth is the integration of wearables into customer engagement metrics for life insurance software. There is increasing adoption of sensor-based wearables among customers due to its several advantages such as real-time tracking of customers' lifestyle habits, physical activity levels, and food habits. With the help of this real-time consumer data, it offers insurers many opportunities to enhance their services and make appropriate business decisions.

Furthermore, the insurers can introduce or innovate new product offerings which are personalized for each customer's lifestyle based on this most recent data. Hence, these devices can maximize companies' profits by minimizing the risks. Thus, such factors are expected to drive the global market growth during the forecast period.

Key Market Challenge

Stringent regulation compliance is one of the key challenges hindering the market growth. Several government institutions are enforcing these stringent regulations to establish standards of conduct, ensure fair and transparent practices, and promote the overall stability of the market. For instance, the Affordable Care Act (ACA) in the US is one such regulation that was enforced to enhance access to health insurance and healthcare services for Americans. 

This regulation involves provisions that need health providers to cover key health benefits, including preventative care and prescription drugs, and to provide coverage for individuals with pre-existing conditions. Another such regulation in the UK is the Insurance Act which has framed certain rules on the conduct and disclosure of information. Hence, such factors are expected to hinder the global market growth during the forecast period.

Customer Landscape

The market analysis and report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Personal Accident and Health Insurance Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Allianz SE: The company offers personal accident and health insurance through its subsidiary Bajaj Allianz General Insurance Co.

The market growth and trends report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • American International Group Inc.
  • Assicurazioni Generali S.p.A.
  • AXA Group
  • British United Provident Association Ltd.
  • Cigna Corp.
  • CVS Health Corp.
  • HDFC Ltd.
  • 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.
  • Zurich Insurance Co. Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Segementation

The personal health insurance segment is estimated to witness significant growth during the forecast period. One of the essential segments of the global PA&H insurance market is the personal health insurance segment. The main offering of this segment is that it provides individuals with access to quality healthcare services while protecting them from financial liabilities due to unexpected medical expenses.

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The personal health insurance segment was the largest segment and was valued at USD 550.49 billion in 2017. Some of the key areas this personal health insurance segment covers are healthcare services, such as doctor visits, hospitalization, prescription drugs, and medical procedures. For instance, Blue Cross Blue Shield is a prominent provider in the US which covers hospital stays, emergency services, prescription drugs, mental health services, substance abuse treatment, and maternity care. The main consumer segment of these providers are individuals who have chronic medical conditions or require frequent medical attention. Hence, such factors are expected to drive the growth of this segment which, in turn, will drive the global market growth during the forecast period.

Key Regions

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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors for the significant growth of the global PA&H insurance market in North America is the factors such as the rise in consumer awareness and an increase in per capita income. The growing health awareness among individuals in North America is also significantly contributing to the global PA&H market growth in the region. Due to this increasing health awareness, there is a growing adoption of personal health insurance across North America. For example, the Centers for Disease Control and Prevention (CDC) in the US has been instrumental in creating awareness campaigns that have encouraged people to purchase these policies. Thus, such factors are expected to drive the global market growth in the region during the forecast period.

Market Analyst Overview

The Global Personal Accident Insurance Market caters to consumers seeking financial protection against unforeseen accidental events. With these policies, individuals gain coverage for medical expenses, permanent disability, and even death, offering peace of mind and financial protection.

In an era of digital advancements, the internet serves as a vital tool for both consumers and insurance providers, facilitating online distribution channels and raising awareness about the benefits of insurance. However, in developing countries, challenges like high costs and lack of awareness persist, presenting opportunities for new players to enter the market with suitable product offerings. As governments prioritize safety and financial future, regulatory frameworks evolve, fostering a conducive environment for growth and cross-selling opportunities in emerging markets.

Segment Overview

This market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Billion, 2017 - 2027)
    • Personal health insurance
    • Personal accidental insurance
  • Age Group Outlook (USD Billion, 2017 - 2027)
    • Adults
    • Senior citizens
    • Children
  • Geography Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Personal Accident And Health Insurance Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.75%

Market growth 2023-2027

USD 665.73 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

7.49

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 44%

Key countries

US, Canada, China, Japan, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aegon N.V., Allianz SE, American International Group Inc., Assicurazioni Generali S.p.A., 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., Ping An Insurance Group Co. of China Ltd., Prudential Financial Inc., Sompo Holdings Inc., Sun Life Financial Inc., Swiss Re Ltd., The New India Assurance Co. Ltd., UnitedHealth Group Inc., and Zurich Insurance Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market Growth Analysis across North America, APAC, Europe, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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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 Geography
    • 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 geography 2022-2027 (%)
      • Exhibit 64: Data Table on Market share by geography 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 geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ 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
              • This segment focuses on offering life and health insurance, investment management
                • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
                  • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    INFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases

                    DATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts

                    REPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape

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                    Key Questions Answered

                    • What are the key global market and the regional market share?
                    • What are the revenue-generating key market segments?
                    • What are the key factors driving and challenging this market’s growth?
                    • Who are the key market vendors and their growth strategies?
                    • What are the latest trends influencing the growth of this market?
                    • What are the variables influencing the market growth in the primary regions?
                    • What are the factors influencing the growth of the parent market?

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