Report Detail
Global Critical Illness Insurance Market Growth (Status and Outlook) 2019-2024
- RnM3065075 |
- 06 March, 2019 |
- Global |
- 131 Pages |
- LPI(LP Information) |
- Service & Software
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation.
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
In the last several years, global market of critical illness insurance developed rapidly, with CAGR of 16.48%. In 2017, global market size of critical illness insurance is nearly 27338.56 M USD; Asia region, especially China is estimated to account for the largest share, in terms of Population and economy, of the global critical illness insurance market in 2017. The region comprises some of the fastest developing economies in the world, including China, India, Japan and Korea. This has led to an increase in Insurance investment over the years.
There are three kinds of Critical illness insurance paid out (cancer, Cancer, Heart Attack and Stroke), Cancer remains the most common cause of critical illness claims at 67.94%, followed by heart attack (13.34%), stroke (8.46%) and Other (10.26%) in 2017
According to this study, over the next five years the Critical Illness Insurance market will register a 16.4% CAGR in terms of revenue, the global market size will reach US$ 63700 million by 2024, from US$ 25600 million in 2019. In particular, this report presents the global revenue market share of key companies in Critical Illness Insurance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Critical Illness Insurance market by product type, application, key companies and key regions.
This study considers the Critical Illness Insurance value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Disease Insurance
Medical Insurance
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Cancer
Heart Attack
Stroke
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
China Life Insurance
Ping An Insurance
China Pacific Insurance
Aviva
Legal & General
New China Life Insurance
AXA
Prudential plc
Aegon
Allianz
AIG
UnitedHealthcare
Zurich
MetLife
Dai-ichi Life Group
Sun Life Financial
Huaxia life Insurance
Aflac
Liberty Mutual
HCF
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Critical Illness Insurance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Critical Illness Insurance market by identifying its various subsegments.
Focuses on the key global Critical Illness Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Critical Illness Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Critical Illness Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global Critical Illness Insurance Market Report (Status and Outlook)
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Critical Illness Insurance Market Size 2014-2024
- 2.1.2 Critical Illness Insurance Market Size CAGR by Region
- 2.2 Critical Illness Insurance Segment by Type
- 2.2.1 Disease Insurance
- 2.2.2 Medical Insurance
- 2.2.3 Income Protection Insurance
- 2.3 Critical Illness Insurance Market Size by Type
- 2.3.1 Global Critical Illness Insurance Market Size Market Share by Type (2014-2019)
- 2.3.2 Global Critical Illness Insurance Market Size Growth Rate by Type (2014-2019)
- 2.4 Critical Illness Insurance Segment by Application
- 2.4.1 Cancer
- 2.4.2 Heart Attack
- 2.4.3 Stroke
- 2.5 Critical Illness Insurance Market Size by Application
- 2.5.1 Global Critical Illness Insurance Market Size Market Share by Application (2014-2019)
- 2.5.2 Global Critical Illness Insurance Market Size Growth Rate by Application (2014-2019)
3 Global Critical Illness Insurance by Players
- 3.1 Global Critical Illness Insurance Market Size Market Share by Players
- 3.1.1 Global Critical Illness Insurance Market Size by Players (2017-2019)
- 3.1.2 Global Critical Illness Insurance Market Size Market Share by Players (2017-2019)
- 3.2 Global Critical Illness Insurance Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
4 Critical Illness Insurance by Regions
- 4.1 Critical Illness Insurance Market Size by Regions
- 4.2 Americas Critical Illness Insurance Market Size Growth
- 4.3 APAC Critical Illness Insurance Market Size Growth
- 4.4 Europe Critical Illness Insurance Market Size Growth
- 4.5 Middle East & Africa Critical Illness Insurance Market Size Growth
5 Americas
- 5.1 Americas Critical Illness Insurance Market Size by Countries
- 5.2 Americas Critical Illness Insurance Market Size by Type
- 5.3 Americas Critical Illness Insurance Market Size by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Critical Illness Insurance Market Size by Countries
- 6.2 APAC Critical Illness Insurance Market Size by Type
- 6.3 APAC Critical Illness Insurance Market Size by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Critical Illness Insurance by Countries
- 7.2 Europe Critical Illness Insurance Market Size by Type
- 7.3 Europe Critical Illness Insurance Market Size by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Critical Illness Insurance by Countries
- 8.2 Middle East & Africa Critical Illness Insurance Market Size by Type
- 8.3 Middle East & Africa Critical Illness Insurance Market Size by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Global Critical Illness Insurance Market Forecast
- 10.1 Global Critical Illness Insurance Market Size Forecast (2019-2024)
- 10.2 Global Critical Illness Insurance Forecast by Regions
- 10.2.1 Global Critical Illness Insurance Forecast by Regions (2019-2024)
- 10.2.2 Americas Market Forecast
- 10.2.3 APAC Market Forecast
- 10.2.4 Europe Market Forecast
- 10.2.5 Middle East & Africa Market Forecast
- 10.3 Americas Forecast by Countries
- 10.3.1 United States Market Forecast
- 10.3.2 Canada Market Forecast
- 10.3.3 Mexico Market Forecast
- 10.3.4 Brazil Market Forecast
- 10.4 APAC Forecast by Countries
- 10.4.1 China Market Forecast
- 10.4.2 Japan Market Forecast
- 10.4.3 Korea Market Forecast
- 10.4.4 Southeast Asia Market Forecast
- 10.4.5 India Market Forecast
- 10.4.6 Australia Market Forecast
- 10.5 Europe Forecast by Countries
- 10.5.1 Germany Market Forecast
- 10.5.2 France Market Forecast
- 10.5.3 UK Market Forecast
- 10.5.4 Italy Market Forecast
- 10.5.5 Russia Market Forecast
- 10.5.6 Spain Market Forecast
- 10.6 Middle East & Africa Forecast by Countries
- 10.6.1 Egypt Market Forecast
- 10.6.2 South Africa Market Forecast
- 10.6.3 Israel Market Forecast
- 10.6.4 Turkey Market Forecast
- 10.6.5 GCC Countries Market Forecast
- 10.7 Global Critical Illness Insurance Forecast by Type
- 10.8 Global Critical Illness Insurance Forecast by Application
11 Key Players Analysis
- 11.1 China Life Insurance
- 11.1.1 Company Details
- 11.1.2 Critical Illness Insurance Product Offered
- 11.1.3 China Life Insurance Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.1.4 Main Business Overview
- 11.1.5 China Life Insurance News
- 11.2 Ping An Insurance
- 11.2.1 Company Details
- 11.2.2 Critical Illness Insurance Product Offered
- 11.2.3 Ping An Insurance Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.2.4 Main Business Overview
- 11.2.5 Ping An Insurance News
- 11.3 China Pacific Insurance
- 11.3.1 Company Details
- 11.3.2 Critical Illness Insurance Product Offered
- 11.3.3 China Pacific Insurance Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.3.4 Main Business Overview
- 11.3.5 China Pacific Insurance News
- 11.4 Aviva
- 11.4.1 Company Details
- 11.4.2 Critical Illness Insurance Product Offered
- 11.4.3 Aviva Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.4.4 Main Business Overview
- 11.4.5 Aviva News
- 11.5 Legal & General
- 11.5.1 Company Details
- 11.5.2 Critical Illness Insurance Product Offered
- 11.5.3 Legal & General Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.5.4 Main Business Overview
- 11.5.5 Legal & General News
- 11.6 New China Life Insurance
- 11.6.1 Company Details
- 11.6.2 Critical Illness Insurance Product Offered
- 11.6.3 New China Life Insurance Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.6.4 Main Business Overview
- 11.6.5 New China Life Insurance News
- 11.7 AXA
- 11.7.1 Company Details
- 11.7.2 Critical Illness Insurance Product Offered
- 11.7.3 AXA Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.7.4 Main Business Overview
- 11.7.5 AXA News
- 11.8 Prudential plc
- 11.8.1 Company Details
- 11.8.2 Critical Illness Insurance Product Offered
- 11.8.3 Prudential plc Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.8.4 Main Business Overview
- 11.8.5 Prudential plc News
- 11.9 Aegon
- 11.9.1 Company Details
- 11.9.2 Critical Illness Insurance Product Offered
- 11.9.3 Aegon Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.9.4 Main Business Overview
- 11.9.5 Aegon News
- 11.10 Allianz
- 11.10.1 Company Details
- 11.10.2 Critical Illness Insurance Product Offered
- 11.10.3 Allianz Critical Illness Insurance Revenue, Gross Margin and Market Share (2017-2019)
- 11.10.4 Main Business Overview
- 11.10.5 Allianz News
- 11.11 AIG
- 11.12 UnitedHealthcare
- 11.13 Zurich
- 11.14 MetLife
- 11.15 Dai-ichi Life Group
- 11.16 Sun Life Financial
- 11.17 Huaxia life Insurance
- 11.18 Aflac
- 11.19 Liberty Mutual
- 11.20 HCF
12 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on Critical Illness Insurance . Industry analysis & Market Report on Critical Illness Insurance is a syndicated market report, published as Global Critical Illness Insurance Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of Critical Illness Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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