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(MoneyNewsWire.Net, May 22, 2019 ) 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.
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Scope of the Report:
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
The global Critical Illness Insurance market is valued at 25600 million USD in 2018 and is expected to reach 63700 million USD by the end of 2024, growing at a CAGR of 16.4% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Critical Illness Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Critical Illness Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Critical Illness Insurance market by product type and applications/end industries.
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Market Segment by Companies, this report covers
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
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Disease Insurance
Medical Insurance
Income Protection Insurance
Market Segment by Applications, can be divided into
Cancer
Heart Attack
Stroke
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Major Point of TOC:
Chapter One: Critical Illness Insurance Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Critical Illness Insurance Market Competition, by Players
Chapter Four: Global Critical Illness Insurance Market Size by Regions
Chapter Five: North America Critical Illness Insurance Revenue by Countries
Chapter Six: Europe Critical Illness Insurance Revenue by Countries
Chapter Seven: Asia-Pacific Critical Illness Insurance Revenue by Countries
Chapter Eight: South America Critical Illness Insurance Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Critical Illness Insurance by Countries
Chapter Ten: Global Critical Illness Insurance Market Segment by Type
Chapter Eleven: Global Critical Illness Insurance Market Segment by Application
Chapter Twelve: Global Critical Illness Insurance Market Size Forecast (2019-2024)
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Analytical Research Cognizance
Avanti dengale
16464347969
avanti.dengale@arcognizance.com
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