Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1450
Buy Report View Sample

Published: April 30, 2017 Report Code: GD-IS1457MR-ST

Select Item

GlobalData’s 'Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the US personal accident and health insurance segment, and a comparison of the US insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the US economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in the US:

• It provides historical values for the US personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the US personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the US personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in the US.

• It profiles the top personal accident and health insurance companies in the US, and outlines the key regulations affecting them.

Key Highlights

• The personal accident and health segment accounted for 36.3% of the overall insurance gross written premium in the US in 2015.

• Healthcare expenditure accounted for 17.8% of the country’s GDP in 2015.

• The proportion of US citizens without health insurance stood at 9.1% .

• The US personal accident and health insurance segment is highly competitive, and contains both domestic and foreign insurers.

Reasons to Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the US personal accident and health insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the US personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future.

UnitedHealth Group
Kaiser Foundation Group
Anthem Inc.
Humana Group
Aetna Group
Health Care Service Corporation (HCSC) Group
Cigna Corporation
Centene Corporation
Highmark Inc
Independence Health Group Inc.

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Claims

4.2.3 Profitability

4.2.4 Assets and investments

5 Outlook by Category

5.1 Health Insurance

5.1.1 Claims

5.1.2 Profitability

6 Distribution Channel Outlook

6.1 Analysis by Distribution Channel

6.1.1 Brokers

6.1.2 Agencies

6.1.3 Direct marketing

6.1.4 Bancassurance

6.1.5 E-commerce

7 Competitive Landscape

7.1 Company Profiles

7.1.1 United Health Group – company overview

7.1.2 Kaiser Foundation Group – company overview

7.1.3 Anthem Inc. – company overview

7.1.4 Humana Group – company overview

7.1.5 Aetna Group – company overview

8 Governance, Risk and Compliance

8.1 Legislation Overview and Historical Evolution

8.2 Latest Changes in Regulation

8.3 Legislation and Market Practice by Type of Insurance

8.3.1 Life insurance

8.3.2 Property insurance

8.3.3 Motor insurance

8.3.4 Liability insurance

8.3.5 Marine, aviation and transit insurance

8.3.6 Personal accident and health insurance

8.4 Compulsory Insurance

8.4.1 Motor third-party liability insurance

8.4.2 Health insurance

8.4.3 Social insurance system

8.4.4 Aviation third-party liability insurance

8.5 Supervision and Control

8.5.1 International Association of Insurance Supervisors

8.5.2 National Association of Insurance Commissioners

8.5.3 Federal Insurance Office

8.5.4 American Insurance Association

8.5.5 National Association of Mutual Insurance Companies

8.5.6 Property Casualty Insurers of America

8.5.7 Reinsurance Association of America

8.5.8 American Council of Life Insurers

8.6 Non-Admitted Insurance Regulation

8.6.1 Overview

8.6.2 Intermediaries

8.6.3 Market practices

8.6.4 Fines and Penalties

8.7 Company Registration and Operations

8.7.1 Type of insurance organization

8.7.2 Establishing a local company

8.7.3 Foreign ownership

8.7.4 Types of license

8.7.5 Capital requirements

8.7.6 Solvency margin

8.7.7 Reserve requirements

8.7.8 Investment regulations

8.7.9 Statutory return requirements

8.7.10 Fee structure 157

8.8 Taxation

8.8.1 Insurance premium or policy taxation

8.8.2 Withholding taxes on premium paid overseas

8.8.3 Corporate tax

8.8.4 VAT

8.8.5 Captives

8.9 Legal System

8.9.1 Introduction

8.9.2 Access to court

8.9.3 Alternative dispute resolution (ADR)

9 Databook

9.1 Policies and Premium

9.1.1 Claims and expenses

9.1.2 Assets and investments

9.1.3 Health insurance

10 Definitions and Methodology

10.1 Definitions

10.2 Methodology

11 About GlobalData

11.1 Contact GlobalData

11.2 About GlobalData

11.3 GlobalData’s Services

11.4 Disclaimer

Table

Table 1: US Personal Accident and Health Insurance – Key Facts, 2015

Table 2: US Personal Accident and Health Insurance – Segment Shares of the Top Insurers, 2015

Table 3: US Government Credit Ratings

Table 4: US Personal Accident and Health Insurance – Gross Written Premium (US$ Billion), 2011–2015

Table 5: US Personal Accident and Health Insurance – Penetration (%), 2011–2015

Table 6: US Personal Accident and Health Insurance – Gross Written Premium (US$ Billion), 2015–2020

Table 7: US Personal Accident and Health Insurance – Penetration (%), 2015–2020

Table 8: US Personal Accident and Health Insurance – Premium per Capita (US$ and US$), 2011–2015

Table 9: US Personal Accident and Health Insurance – Premium per Capita (US$ and US$), 2015–2020

Table 10: US Personal Accident and Health Insurance – Paid Claims (US$ Billion), 2011–2015

Table 11: US Personal Accident and Health Insurance – Paid Claims (US$ Billion), 2015–2020

Table 12: US Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015

Table 13: US Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020

Table 14: US Personal Accident and Health Insurance – Total Assets (US$ Trillion), 2011–2015

Table 15: US Personal Accident and Health Insurance – Total Assets (US$ Trillion), 2015–2020

Table 16: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2011–2015

Table 17: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2015–2020

Table 18: US Personal Accident and Health Insurance – Investment Portfolio (US$ Billion), 2011–2015

Table 19: US Personal Accident and Health Insurance – Investment Portfolio (US$ Billion), 2015–2020

Table 20: US Health Insurance – Paid Claims (US$ Billion), 2011–2015

Table 21: US Health Insurance – Paid Claims (US$ Billion and US$ Billion), 2015–2020

Table 22: US Health Insurance – Loss Ratio (%), 2011–2015

Table 23: US Health Insurance – Loss Ratio (%), 2015–2020

Table 24: US Personal Accident and Health Insurance – Market Shares of Leading Insurers (%), 2015

Table 25: United Health Group – Key Facts

Table 26: United Health Group – Key Financials (US$ Million), 2011–2015

Table 27: Kaiser Foundation Group – Key Facts

Table 28: Anthem, Inc. – Key Facts

Table 29: Anthem, Inc. – Key Financials (US$ Million), 2011–2015

Table 30: Humana Group – Key Facts

Table 31: Humana Group – Key Financials (US$ Million), 2011–2015

Table 32: Aetna Group – Key Facts

Table 33: Aetna Group – Key Financials (US$ Million), 2011–2015

Table 34: The US – Insurance Regulatory Framework Key Features

Table 35: The US – Life Insurance Regulatory Framework

Table 36: The US – Property Insurance Regulatory Framework

Table 37: The US – The US TRIP Highlights

Table 38: The US – Motor Insurance Regulatory Framework

Table 39: The US – Liability Insurance Regulatory Framework

Table 40: The US – Maximum Cover for Motor Third-Party Liability Per Accident by State

Table 41: The US – California – Statutory Membership in Insurance Associations

Table 42: The US – California – Minimum Paid-up Share Capital Requirements for Non-life Insurers

Table 43: The US – California – Minimum Paid-up Share Capital Requirements for life Insurers

Table 44: The US – New York – Minimum Capital and Surplus Requirement

Table 45: The US – New York – Minimum Capital and Surplus Requirement

Table 46: The US – California – Authorization Fee for Insurers

Table 47: The US – California – License Fee for insurance intermediaries

Table 48: The US – Corporate Tax Rates for the Financial Year 2017

Table 49: US Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015

Table 50: US Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020

Table 51: US Personal Accident and Health Insurance – Claims and Expenses, 2011–2015

Table 52: US Personal Accident and Health Insurance – Claims and Expenses, 2015–2020

Table 53: US Personal Accident and Health Insurance – Assets and Investments, 2011–2015

Table 54: US Personal Accident and Health Insurance – Assets and Investments, 2015–2020

Table 55: US Personal Accident and Health Insurance – Health Insurance, 2011–2015

Table 56: US Personal Accident and Health Insurance – Health Insurance, 2015–2020

Table 57: Insurance Industry Definitions

Figures

Figure 1: US Real GDP (US$ Trillion), 2011–2020

Figure 2: US – Current Account Balance, 2011–2015

Figure 3: US – Consumer Price Inflation, 2011–2020

Figure 4: US Unemployment Rate, 2011–2020

Figure 5: US Population by Age Group, 1990–2025

Figure 6: US Personal Accident and Health Insurance Penetration – Regional Comparison (%), 2015

Figure 7: US Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2015

Figure 8: US Personal Accident and Health Insurance – Gross Written Premium (US$ Billion), 2011–2020

Figure 9: US Personal Accident and Health Insurance – Penetration (%), 2011–2020

Figure 10: US Personal Accident and Health Insurance – Premium per Capita (US$), 2011–2020

Figure 11: US Personal Accident and Health Insurance – Paid Claims (US$ Billion), 2011–2020

Figure 12: US Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2020

Figure 13: US Personal Accident and Health Insurance – Total Assets (US$ Trillion), 2011–2020

Figure 14: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2011–2020

Figure 15: US Personal Accident and Health Insurance – Investment Portfolio (US$ Billion), 2011–2020

Figure 16: US Personal Accident and Health Insurance – Investment Portfolio Dynamics by Category, 2011–2020

Figure 17: US Health Insurance – Paid Claims (US$ Billion), 2011–2020

Figure 18: US Health Insurance – Earned Premium, Incurred Loss and Loss Ratio (US$ Billion and %), 2011–2020

Figure 19: US Personal Accident and Health Insurance – Market Shares of Leading Insurers (%), 2015

Figure 20: The US – Insurance Supervision and Control at Various Levels

Figure 21: The US – Insurance Regulatory Frameworks for Company Registration and Operation

Frequently asked questions

Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

Most Popular
$2,900

Can be shared by unlimited users within one corporate location e.g. a regional office

$4,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Financial Services reports
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
United Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023…
$1,295 | April 2024
Financial Services
New
Huawei Pay - Competitor Profile
$350 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020 in real time.

  • Access a live Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more