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Health Insurance Market Bwc20041
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Health Insurance Market Bwc20041

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Global Health Insurance Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Type of Insurance Provider (Public, Private, Standalone Insurers), By Type of Scheme (Voluntary, Mandatory, Community-Based, Employer-Based), By Type of Coverage (Individual, Family), By Term of Coverage (Term, Lifetime), By Demographics (Minor, Adult, Senior Citizen), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: January 2022
  • Report ID: BWC20041
  • Available Format: PDF
  • Page: 210

Report Overview

The global health insurance market is driven by the increasing burden of various chronic and lifestyle diseases among all age groups. Moreover, healthcare spending is expected to increase significantly in the coming years, driving the market’s growth.

Global Health Insurance Market- Industry Trends & Forecast Report 2027

The global health insurance market was worth USD 1.8 trillion in 2020 and is further projected to reach USD 3.4 trillion by the year 2027, growing at the CAGR of 9.8% during the forecast period. The global health insurance market is driven by the increasing burden of various chronic and lifestyle diseases among all age groups and growing healthcare expenses. Moreover, the market is expected to witness growth in the forecast period due to an increased awareness of the benefits of health insurance in developing countries.
Health Insurance Market

Source: BlueWeave Consulting

Global Health Insurance Market- Overview

The term health insurance, also referred to as medical insurance or Mediclaim, refers to a type of insurance that covers the insured's medical expenses. In simple words, the purpose of health insurance is to cover people's medical bills and expenses during an illness or course of medical treatment. These services generally cover hospital bills, including hospitalization expenses, daycare procedures, ICU charges, critical illness benefits, etc. Additionally, a health insurance policy serves as a contract between an insurance company and a policyholder that is renewed annually.

Health Insurance Market Forecast and Trends

Growth Drivers

Increasing Awareness Regarding Health Insurance

Increasing awareness regarding the benefits of health insurance owing to the increasing healthcare costs is anticipated to contribute to the growing health insurance market during the forecast period. Inflation rates of more than 15% in the medical sector have made healthcare costs beyond the reach of the needy. Therefore, health insurance is becoming more popular among the general public due to its demographic-specific products, such as those for seniors and children. Furthermore, the availability of a variety of health coverage options for customers, depending on their needs, drives the sector's growth.

Growing Prevalence of Various Medical Conditions and Accidents

With the growing burden of various medical conditions and chronic diseases, the healthcare expenses of an individual are increasing. Therefore, people increasingly count on health insurance as these plans help them cover their hospital bills and other medical costs. Additionally, health insurance provides lifetime plans that cover chronic diseases such as cancer and diabetes and act as a supporter during the treatment. In most cases, health insurance plans also keep the treatment going.

Furthermore, accident and injury coverage are also included in health insurance. As accidents increase around the globe, the market is expected to grow during the forecast period.

Restraints

Complications in Claiming Reimbursement

Many insurance claims rejections have caused the general public to be hesitant to take out health insurance. In emerging economies, a lack of reimbursement at the point of need is a contributing factor to the low number of health insurance policies. Insurance companies often fail to reimburse properly due to various reasons, such as inadequate documentation or unclear insurance coverage. Moreover, the general public perceives insurance as a hoax, especially in developing and underdeveloped countries, which limits its market growth.

Impact of COVID-19 on the Global Health Insurance Market

The health insurance market witnessed a significant boost after the unprecedented outbreak of the COVID-19 pandemic. As the number of COVID-19 patients increased worldwide, their healthcare costs increased dramatically. To cover the medical costs of COVID-19 patients, many health insurance companies launched Coronavirus Health Insurance policies. Policies of this type cover not just hospitalization costs for COVID-19 infections but also costs for virtually any type of viral infection.

Global Health Insurance Market - By Type of Insurance Provider

Based on the type of insurance providers, the health insurance market is segmented into public, private, and standalone insurers. A large share of the market for health insurance is controlled by the public sector due to the trust it has built over time. However, private health insurance companies are also growing in popularity, especially among adults since they cover more medical expenses than public insurance plans. Public health insurance may not always cover all medical treatment costs.

Global Health Insurance Market - By Type of Scheme

Based on the types of schemes, the global health insurance market is segmented into voluntary, mandatory, community-based, and employer-based. Among these, the voluntary schemes segment accounts for the largest market share as most working adults either opt for health insurance for themselves or their parents due to high healthcare expenditure, which contributes to the segment’s growth. However, employer-based segment also covers a substantial share of the market. Many employers provide their employees with healthcare policies to boost productivity and establish long-term employment relationships.

Global Health Insurance Market - Regional Insights

Geographically, the health insurance market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these, North America dominates the health insurance market due to the developed healthcare system and high awareness of the benefits of these policies among the masses. Additionally, the presence of leading insurance providers including Anthem Inc., Aetna Inc., UnitedHealth Group Inc., Humana Inc., etc., also plays a crucial role in driving the market growth in this region. However, the Asia-Pacific region is also catching up and projected to witness the highest CAGR during the forecast period.

 

Global Health Insurance Market - Competitive Landscape

The leading market players in the global health insurance market are Cigna Corporation, AIA Insurance Group, UnitedHealth Group Inc., Allianz SE, Zurich Insurance Group Ltd., Express Scripts Holding Company, AXA, Aviva plc, Aetna, Inc., Apollo Munich Health Insurance, International Medical Group, Kaiser Permanente, Jubilee Holding Limited, Highmark Inc, BMI Healthcare, Vitality Corporate Services Limited, Centene Corporation, Assicurazioni Generali S.P.A., Anthem Insurance Companies, Inc., and other prominent players.

The market is highly concentrated, with consumers showing loyalty and trust to the established players. As a result, there is little room for new entrants in the market. Moreover, health insurance companies often partner with healthcare facilities to increase sales and revenue. Additionally, market strategies such as mergers, acquisitions, collaborations, and joint ventures are highly prevalent in this market.

Recent Developments

  • In November 2021, Oscar Health Inc., an American health insurance company, announced its collaboration with Emory Healthcare, an extensive healthcare system in Georgia, US, to offer technology-connected health insurance and care in US cities including Atlanta and Columbus.
  • In October 2021, SBI General Insurance, a leading Indian Insurance Company, announced its technological collaboration with Google Pay, offering its clients to buy health insurance through the google pay app.

 

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Trillion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Type of Insurance Provider, By Type of Scheme, By Type of Coverage, By Term of Coverage, By Demographics, By Region
Key Players Cigna Corporation, AIA Insurance Group, UnitedHealth Group Inc., Allianz SE, Zurich Insurance Group Ltd., Express Scripts Holding Company, AXA, Aviva plc, Aetna, Inc., Apollo Munich Health Insurance, International Medical Group, Kaiser Permanente, Jubilee Holding Limited, Highmark Inc, BMI Healthcare, Vitality Corporate Services Limited, Centene Corporation, Assicurazioni Generali S.P.A., Anthem Insurance Companies, Inc., and other prominent players.

 

By Type of Insurance Provider

  • Public
  • Private
  • Standalone Insurers

By Type of Scheme

  • Voluntary
  • Mandatory
  • Community-Based
  • Employer-Based

By Type of Coverage

  • Individual
  • Family

By Term of Coverage

  • Term
  • Lifetime

By Demographics

  • Minor
  • Adult
  • Senior Citizen

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Awareness Towards Health Insurance
        2. Growing Prevalence of Various Medical Conditions and Accidents
      2. Restraints
        1. Complications in Claiming Reimbursement
      3. Opportunities
        1. Growing Demand of Individual Insurance Policy
        2. Positive Impact of the COVID-19 Pandemic
      4. Challenges
        1. Increasing Incidences of Fraud Insurance Providers
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Health Insurance Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
    2. Market Share & Forecast, by Segment
      1. By Type of Insurance Provider
        1. Public
        2. Private
        3. Standalone Insurers
      2. By Type of Scheme
        1. Voluntary
        2. Mandatory
        3. Community-Based
        4. Employer-Based
      3. By Type of Coverage
        1. Individual
        2. Family
      4. By Term of Coverage
        1. Term
        2. Lifetime
      5. By Demographics
        1. Minor
        2. Adult
        3. Senior Citizen
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Health Insurance Market Overview
    1. Market Size and Forecast
      1. By Value (USD Trillion), 2017-2027
    2. Market Share and Forecast
      1. By Type of Insurance Provider
      2. By Type of Scheme
      3. By Type of Coverage
      4. By Term of Coverage
      5. By Demographics
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Health Insurance Market Overview
    1. Market Size and Forecast
      1. By Value (USD Trillion), 2017-2027
    2. Market Share and Forecast
      1. By Type of Insurance Provider
      2. By Type of Scheme
      3. By Type of Coverage
      4. By Term of Coverage
      5. By Demographics
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Health Insurance Market Overview
    1. Market Size and Forecast
      1. By Value (USD Trillion), 2017-2027
    2. Market Share and Forecast
      1. By Type of Insurance Provider
      2. By Type of Scheme
      3. By Type of Coverage
      4. By Term of Coverage
      5. By Demographics
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Health Insurance Market Overview
    1. Market Size and Forecast
      1. By Value (USD Trillion), 2017-2027
    2. Market Share and Forecast
      1. By Type of Insurance Provider
      2. By Type of Scheme
      3. By Type of Coverage
      4. By Term of Coverage
      5. By Demographics
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Health Insurance Market Overview
    1. Market Size and Forecast
      1. By Value (USD Trillion), 2017-2027
    2. Market Share and Forecast
      1. By Type of Insurance Provider
      2. By Type of Scheme
      3. By Type of Coverage
      4. By Term of Coverage
      5. By Demographics
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2020)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Health Insurance Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Cigna Corporation
    2. AIA Insurance Group
    3. UnitedHealth Group Inc.
    4. Allianz SE
    5. Zurich Insurance Group Ltd.
    6. Express Scripts Holding Company
    7. AXA
    8. Aviva plc
    9. Aetna, Inc.
    10. Apollo Munich Health Insurance
    11. International Medical Group
    12. Kaiser Permanente
    13. Jubliee Holding Limited
    14. Highmark Inc
    15. BMI Healthcare
    16. Vitality Corporate Services Limited
    17. Centene Corporation
    18. Assicurazioni Generali S.P.A.
    19. Anthem Insurance Companies, Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Health Insurance Market Segmentation

 

Figure 2: Health Insurance Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 5: Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 6: Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 7: Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 8: Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 9: Health Insurance Market Share (%), By Demographics, By Value, 2017-2027

 

Figure 10: Health Insurance Market Share (%), By Region, By Value, 2017-2027

 

Figure 11: North America Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 12: North America Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 13: North America Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 14: North America Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 15: North America Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 16: North America Health Insurance Market Share (%), By Demographics, By Value, 2017-2027

 

Figure 17: North America Health Insurance Market Share (%), By Country, By Value, 2017-2027

 

Figure 18: Europe Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 19: Europe Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 20: Europe Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 21: Europe Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 22: Europe Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 23: Europe Health Insurance Market Share (%), by Demographics, By Value, 2017-2027

 

Figure 24: Europe Health Insurance Market Share (%), By Country, By Value, 2017-2027

 

Figure 25: Asia-Pacific Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 26: Asia-Pacific Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 27: Asia-Pacific Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 28: Asia-Pacific Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 29: Asia-Pacific Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 30: Asia-Pacific Health Insurance Market Share (%), By Demographics, By Value, 2017-2027

 

Figure 31: Asia-Pacific Health Insurance Market Share (%), By Country, By Value, 2017-2027

 

Figure 32: Latin America Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 33: Latin America Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 34: Latin America Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 35: Latin America Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 36: Latin America Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 37: Latin America Health Insurance Market Share (%), By Demographics, By Value, 2017-2027

 

Figure 38: Latin America Health Insurance Market Share (%), By Country, By Value, 2017-2027

 

Figure 39: Middle East & Africa Health Insurance Market Size, By Value (USD Trillion), 2017-2027

 

Figure 40: Middle East & Africa Health Insurance Market Share (%), By Type of Insurance Provider, By Value, 2017-2027

 

Figure 41: Middle East & Africa Health Insurance Market Share (%), By Type of Scheme, By Value, 2017-2027

 

Figure 42: Middle East & Africa Health Insurance Market Share (%), By Type of Coverage, By Value, 2017-2027

 

Figure 43: Middle East & Africa Health Insurance Market Share (%), By Term of Coverage, By Value, 2017-2027

 

Figure 44: Middle East & Africa Health Insurance Market Share (%), By Demographics, By Value, 2017-2027

 

Figure 45: Middle East & Africa Health Insurance Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Health Insurance Market Size, By Type of Insurance Provider, By Value, 2017-2027

 

Table 2: Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 3: Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 4: Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 5: Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027

 

Table 6: Health Insurance Market Size, By Region, By Value (USD Trillion), 2017-2027

 

Table 7: North America Health Insurance Market Size, By Type of Insurance Provider, By Value (USD Trillion), 2017-2027

 

Table 8: North America Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 9: North America Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 10: North America Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 11: North America Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027,

 

Table 12: Europe Health Insurance Market Size, By Type of Insurance Provider, By Value (USD Trillion), 2017-2027

 

Table 13: Europe Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 14: Europe Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 15: Europe Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 16: Europe Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027

 

Table 17: the Asia-Pacific Health Insurance Market Size, By Type of Insurance Provider, By Value (USD Trillion), 2017-2027

 

Table 18: the Asia-Pacific Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 19: the Asia-Pacific Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 20: the Asia-Pacific Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 21: the Asia-Pacific Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027

 

Table 22: Latin America Health Insurance Market Size, By Type of Insurance Provider, By Value (USD Trillion), 2017-2027

 

Table 23: Latin America Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 24: Latin America Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 25: Latin America Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 26: Latin America Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027

 

Table 27: The Middle-East & Africa Health Insurance Market Size, By Type of Insurance Provider, By Value (USD Trillion), 2017-2027

 

Table 28: The Middle-East & Africa Health Insurance Market Size, By Type of Scheme, By Value (USD Trillion), 2017-2027

 

Table 29: The Middle-East & Africa Health Insurance Market Size, By Type of Coverage, By Value (USD Trillion), 2017-2027

 

Table 30: The Middle-East & Africa Health Insurance Market Size, By Term of Coverage, By Value (USD Trillion), 2017-2027

 

Table 31: The Middle-East & Africa Health Insurance Market Size, By Demographics, By Value (USD Trillion), 2017-2027

 

Table 32: Cigna Corporation Financial Analysis

Table 33: Cigna Corporation Business Overview

Table 34: AIA Insurance Group Financial Analysis

Table 35: AIA Insurance Group Business Overview

Table 36: UnitedHealth Group Inc. Corporation Financial Analysis

Table 37: UnitedHealth Group Inc. Corporation Business Overview

Table 38: Allianz SE Financial Analysis

Table 39: Allianz SE Business Overview

Table 40: Zurich Insurance Group Ltd. Financial Analysis

Table 41: Zurich Insurance Group Ltd. Business Overview

Table 42: Express Scripts Holding Company Financial Analysis

Table 43: Express Scripts Holding Company Business Overview

Table 44: AXA Financial Analysis

Table 45: AXA Business Overview

Table 46: Aviva plc Financial Analysis

Table 47: Aviva plc Business Overview

Table 48: Aetna, Inc. Financial Analysis

Table 49: Aetna, Inc. Business Overview

Table 50: Apollo Munich Health Insurance Financial Analysis

Table 51: Apollo Munich Health Insurance Business Overview

Table 52: International Medical Group Financial Analysis

Table 53: International Medical Group Financial Analysis

Table 54: Kaiser Permanente Financial Analysis

Table 55: Kaiser Permanente Financial Analysis

Table 56: Jubliee Holding Limited Financial Analysis

Table 57: Jubliee Holding Limited Financial Analysis

Table 58: Highmark Inc Financial Analysis

Table 59: Highmark Inc Financial Analysis

Table 60: BMI Healthcare Financial Analysis

Table 61: BMI Healthcare Financial Analysis

Table 62: Vitality Corporate Services Limited Financial Analysis

Table 63: Vitality Corporate Services Limited Financial Analysis

Table 64: Centene Corporation Financial Analysis

Table 65: Centene Corporation Financial Analysis

Table 66: Assicurazioni Generali S.P.A. Financial Analysis

Table 67: Assicurazioni Generali S.P.A. Financial Analysis

Table 68: Anthem Insurance Companies, Inc. Financial Analysis

Table 69: Anthem Insurance Companies, Inc. Financial Analysis

 

 

Market Segmentation

By Type of Insurance Provider

  • Public
  • Private
  • Standalone Insurers

By Type of Scheme

  • Voluntary
  • Mandatory
  • Community-Based
  • Employer-Based

By Type of Coverage

  • Individual
  • Family

By Term of Coverage

  • Term
  • Lifetime

By Demographics

  • Minor
  • Adult
  • Senior Citizen

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The health insurance market reached USD 1.8 trillion in 2020.
Ans: The major factors driving the growth of the health insurance market are the increasing awareness regarding health insurance and growing prevalence of various medical conditions and accidents.
Ans: The key players in the health insurance market are: Cigna Corporation, AIA Insurance Group, UnitedHealth Group Inc., Allianz SE, Zurich Insurance Group Ltd., Express Scripts Holding Company, AXA, Aviva plc, Aetna, Inc., Apollo Munich Health Insurance, International Medical Group, Kaiser Permanente, Jubilee Holding Limited, Highmark Inc, BMI Healthcare, Vitality Corporate Services Limited, Centene Corporation, Assicurazioni Generali S.P.A., Anthem Insurance Companies, Inc., and other prominent players.
Ans: The senior citizen segment accounted for the largest share in the health insurance market.
Ans: North America has the largest share in the health insurance market.