The global health insurance market is projected to expand at a CAGR of 6.90% during the forecast period (2021-2026). With the escalating costs of healthcare services and the rising prevalence of diabetes, cancer and kidney failure, there is an increase in the demand for health insurance across the globe. This, in confluence with the growing integration of health insurance with Big Data analytics, is offering lucrative opportunities to major companies operating in the industry. It is assisting them in diversifying their models and strategies to recognize and cater to the ever-evolving consumer demand. Apart from this, numerous health insurance companies are offering coverage for domiciliary treatment, wherein medical supervision is offered at home for specific diseases.
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IMARC Group offers a list of top Heath Insurance Companies worldwide: They are as follows:
CVS Health Corporation
Headquarters: Rhode Island, United States
CVS Health Corporation is a consumer-centric health company with the objective of helping individuals in improving their health. The company also enables businesses and communities to manage health in more affordable and effective ways. It has around 9,600 retail pharmacies under the CVS, Navarro and Longs Drugs brand names. Moreover, it primarily operates through two business segments, including Pharmacy Services and Retail/LTC.
AIA Group Limited
Headquarters: Hong Kong
AIA Group Limited is one of the leading investments holding companies engaged in providing life insurance products and services. The company offers life, medical, and health protection and savings insurance products to clients. It operates through geographical segments, including Thailand, Singapore, Malaysia, China, Korea, Hong Kong, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Cambodia, Sri Lanka, India, and Myanmar.
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Headquarters: Munich, Germany
Allianz Group is a global insurance company offering insurance and asset-management services. With around 150,000 employees, the company primarily operates its business into three segments, which include property-casualty insurance, life and health insurance, and asset management. In the property-casualty insurance segment, it is one of the leading insurance providers in Germany and one of the biggest providers of corporate insurance in the world.
Headquarters: London, United Kingdom
Aviva Plc is a multinational insurance company engaged in the provision of long-term insurance and savings, general and health insurance, and fund management products and services. The company also offers all classes of general and life assurance, including fire, motor, marine, aviation, and transport insurance. One of the key focus and principal source of growth for the company is long-term life savings.
Berkshire Hathaway Inc.
Headquarters: Nebraska, United States
Berkshire Hathaway Inc. is a holding company that owns subsidiaries in numerous business sectors. The principal operations of the company are insurance businesses conducted nationwide on the main basis and worldwide on a reinsurance basis. It also operates as a railway company, a specialty chemical company, and an international association of diversified businesses.
Headquarters: Connecticut, United States
Cigna Corporation is an insurance and financial services organizations that focus on healthcare operations. The company also aims to improve health and well-being by making health care simple, affordable, and predictable. It offers life, accident, disability, supplemental, and dental insurance products and services to individuals, families, and businesses across the globe.
Sirius International Insurance Group Ltd.
Headquarters: Stockholm, Sweden
Sirius International Insurance Group Ltd. offers insurance services around the world. The insurance lines of the company include accident and health, environmental, property, energy, workers' compensation, and aviation and space. Moreover, its reinsurance lines comprise life, accident and health, property, marine and energy, casualty, aviation and space, and credit and bond.
Headquarters: London, United Kingdom
Prudential PLC is an international company that offers a wide range of insurance and investment products and services. Insurance products of the company include life, accident and health, and property and casualty, and fixed and variable annuities. Additionally, its services include personal and group pensions, equity plans, mortgages, and deposit accounts.
Headquarters: Minnesota, United States
UnitedHealth Group manages and owns organized health systems. The company engages in the provision of health care coverage, software, and data consultancy services. It provides employers with products and resources to plan and administer employee benefit programs.
Zurich Insurance Company Ltd.
Headquarters: Zürich, Switzerland
Zurich Insurance Company Ltd. offers insurance-based financial services. The company offers life and general insurance products and services to individuals, small businesses, commercial enterprises, mid-sized and large corporations, and multinational companies (MNCs). With around 53,000 employees, it serves products and services in more than 210 countries and territories