Personal Accident and Health Insurance in the the US, Key Trends and Opportunities to 2017

Personal Accident and Health Insurance in the the US, Key Trends and Opportunities to 2017

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The US personal accident and health insurance segment accounted for 35.4% of the US insurance industry's written premium in 2012. The segment recorded a compound annual growth rate (CAGR) of 4.4% during the review period (2008-2012), the highest growth of all the industry's segments. The growth can be attributed to rising per capita healthcare expenditure, a rapidly growing aging population, and growing domestic demand for healthcare products. It was further supported by the country's generally insufficient public healthcare programs, including Medicare and Medicaid. These factors, coupled with new healthcare reforms, are projected to enable the segment to record a CAGR of 4.3% over the forecast period (2012-2017).

Report Highlights
  • The US personal accident and health insurance segment accounted for the third-largest share of the insurance industry in 2012, in terms of gross written premium
  • The US personal accident and health segment registered the industry's highest review-period CAGR of 4.4% in terms of written premium
  • Recovering economic and business conditions had a positive impact on travel and tourism in the US, and the purchasing power of US citizens
  • US personal accident and health insurers primarily generate business through agencies, leading the channel to account for 51.4% of the segment's total written premiums in 2012
  • The US insurance industry has been adversely affected by the country's uncertain economic and business conditions, low investment returns and low interest rates
Report 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 2008-2012 review period and projected figures for the 2012-2017 forecast period.
  • It offers a detailed analysis of the key sub-segments in US personal accident and health insurance segment, along with market forecasts until 2017.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
  • It analyses the various distribution channels for personal accident and health insurance products in the US.
  • Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in the US for the personal accident and health insurance segment.
  • It provides a detailed analysis of the reinsurance segment in the US and its growth prospects.
  • It profiles the top personal accident and health insurance companies in the US and outlines the key regulations affecting them.
Reasons to Get this Report
  • 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 within the US personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the US insurance industry and its impact on companies and the market's future


Table of Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Personal Accident and Health Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Incurred losses per capita
4.3.3 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 US Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident insurance
6.1.2 Travel insurance
6.1.3 Health insurance
6.1.4 Non-life health insurance
6.1.5 Life health insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Regulatory Policies
9 Porter's Five Forces Analysis - US Personal Accident and Health Insurance
9.1 Bargaining Power of Suppliers: Low to Medium
9.2 Bargaining Power of Buyers: Low to Medium
9.3 Barriers to Entry: Medium
9.4 Intensity of Rivalry: Medium
9.5 Threat of Substitutes: Medium
10 Reinsurance Growth Dynamics and Challenges
10.1 Reinsurance Segment Size, 2008-2017
10.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the US Personal Accident and Health Insurance Segment
11.3 UnitedHealth Group Inc. - Company Overview
11.3.1 UnitedHealth Group Inc. - key facts
11.4 WellPoint Inc. - Company Overview
11.4.1 WellPoint Inc. - key facts
11.5 Healthcare Service Corporation (HCSC) - Company Overview
11.5.1 Healthcare Service Corporation (HCSC) - key facts
11.6 Humana Inc. - Company Overview
11.6.1 Humana Inc - key facts
11.7 Highmark Inc. - Company Overview
11.7.1 Highmark Inc. - key facts
12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - New York Stock Exchange (NYSE)
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 Inflation rate
12.2.6 Merchandise exports as a percentage of GDP
12.2.7 Merchandise Imports as a percentage of GDP
12.2.8 Merchandise exports growth
12.2.9 Merchandise imports growth
12.3 Infrastructure
12.3.1 Commercial vehicle exports - total value
12.3.2 Commercial vehicle imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers


Companies Mentioned:

UnitedHealth Group Inc.
WellPoint Inc.
Healthcare Service Corporation
Humana Inc.
Highmark Inc.