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

Published: Mar, 2014 | Pages: 190 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in depth market analysis, information and insights into the US personal accident and health insurance segment, including:
The US personal accident and health insurance segment's growth prospects by insurance categories 
Key trends and drivers for the personal accident and health insurance segment 
The various distribution channels in the US personal accident and health insurance segment
The detailed competitive landscape in the personal accident and health insurance segment in the US
Regulatory framework of the US insurance industry
A description of the personal accident and health reinsurance segment in the US
Porter's Five Forces Analysis of the personal accident and health insurance segment
A benchmarking section on the US life insurance segment in comparison with other countries with GWP more than US$150 billion 

Summary
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). 
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. 
Reason 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 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 
Key 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

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regiol Market Dymics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Persol Accident and Health Insurance Segment - Regiol Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Persol 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 Persol Accident and Health Insurance Segment Outlook
6.1 Persol Accident and Health Insurance Growth Prospects by Category
6.1.1 Persol 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 Alysis 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 Alysis - US Persol 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 Dymics 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 Persol 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 Huma Inc. - Company Overview
11.6.1 Huma 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
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Household consumption expenditure (US$)
12.5.2 Total population
12.5.3 Urban and rural populations
12.5.4 Age distribution of the total population
13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric's Services
13.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: US Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 3: US Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 4: US Insurance - Segmentation (% Share), 2008-2017
Table 5: US Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 6: US Persol Accident and Health Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 7: US Persol Accident and Health Insurance - Earned Premium (US$ Billion), 2008-2012
Table 8: US Persol Accident and Health Insurance - Earned Premium (US$ Billion), 2012-2017
Table 9: US Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2008-2012
Table 10: US Persol Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2012-2017
Table 11: US Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2008-2012
Table 12: US Persol Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2012-2017
Table 13: US Persol Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 14: US Persol Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 15: US Persol Accident and Health Insurance - Commission and Expenses (US$ Billion), 2008-2012
Table 16: US Persol Accident and Health Insurance - Commission and Expenses (US$ Billion), 2012-2017
Table 17: US Persol Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 18: US Persol Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 19: US Persol Accident and Health Insurance - Frauds and Crimes (US$ Billion), 2008-2012
Table 20: US Persol Accident and Health Insurance - Frauds and Crimes (US$ Billion), 2012-2017
Table 21: US Persol Accident and Health Insurance - Total Assets (US$ Billion), 2008-2012
Table 22: US Persol Accident and Health Insurance - Total Assets (US$ Billion), 2012-2017
Table 23: US Persol Accident and Health Insurance - Total Investment Income (US$ Billion), 2008-2012
Table 24: US Persol Accident and Health Insurance - Total Investment Income (US$ Billion), 2012-2017
Table 25: US Persol Accident and Health Insurance - Retentions (US$ Billion), 2008-2012
Table 26: US Persol Accident and Health Insurance - Retentions (US$ Billion), 2012-2017
Table 27: US Persol Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 28: US Persol Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 29: US Persol Accident Insurance - Written Premium (US$ Billion), 2008-2012
Table 30: US Persol Accident Insurance - Written Premium (US$ Billion), 2012-2017
Table 31: US Persol Accident Insurance - Loss Ratio (%), 2008-2012
Table 32: US Persol Accident Insurance - Loss Ratio (%), 2012-2017
Table 33: US Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 34: US Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 35: US Travel Insurance - Written Premium (US$ Billion), 2008-2012
Table 36: US Travel Insurance - Written Premium (US$ Billion), 2012-2017
Table 37: US Travel Insurance - Loss Ratio (%), 2008-2012
Table 38: US Travel Insurance - Loss Ratio (%), 2012-2017
Table 39: US Health Insurance  - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 40: US Health Insurance  - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 41: US Non-Life Health Insurance - Number of Policies Sold (Million), 2008-2012
Table 42: US Non-Life Health Insurance - Number of Policies Sold (Million), 2012-2017
Table 43: US Non-Life Health Insurance - Written Premium (US$ Billion), 2008-2012
Table 44: US Non-Life Health Insurance - Written Premium (US$ Billion), 2012-2017
Table 45: US Non-Life Health Insurance - Loss Ratio (%), 2008-2012
Table 46: US Non-Life Health Insurance - Loss Ratio (%), 2012-2017
Table 47: US Life Health Insurance - Number of Policies Sold (Million), 2008-2012
Table 48: US Life Health Insurance - Number of Policies Sold (Million), 2012-2017
Table 49: US Life Health Insurance - Written Premium (US$ Billion), 2008-2012
Table 50: US Life Health Insurance - Written Premium (US$ Billion), 2012-2017
Table 51: US Life Health Insurance - Loss Ratio (%), 2008-2012
Table 52: US Life Health Insurance - Loss Ratio (%), 2012-2017
Table 53: US Persol Accident and Health Insurance - Direct Marketing Commission Paid (US$ Billion), 2008-2012
Table 54: US Persol Accident and Health Insurance - Direct Marketing Commission Paid (US$ Billion), 2012-2017
Table 55: US Persol Accident and Health Insurance - Written Premium Through Direct Marketing (US$ Billion), 2008-2012
Table 56: US Persol Accident and Health Insurance - Written Premium Through Direct Marketing (US$ Billion), 2012-2017
Table 57: US Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 58: US Persol Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 59: US Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 60: US Persol Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 61: US Persol Accident and Health Insurance - Bancassurance Commission Paid (US$ Billion), 2008-2012
Table 62: US Persol Accident and Health Insurance - Bancassurance Commission Paid (US$ Billion), 2012-2017
Table 63: US Persol Accident and Health Insurance - Written Premium Through Bancassurance (US$ Billion), 2008-2012
Table 64: US Persol Accident and Health Insurance - Written Premium Through Bancassurance (US$ Billion), 2012-2017
Table 65: US Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 66: US Persol Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 67: US Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2008-2012
Table 68: US Persol Accident and Health Insurance - Number of Bancassurance Distributors, 2012-2017
Table 69: US Persol Accident and Health Insurance - Commission Paid to Agencies (US$ Billion), 2008-2012
Table 70: US Persol Accident and Health Insurance - Commission Paid to Agencies (US$ Billion), 2012-2017
Table 71: US Persol Accident and Health Insurance - Written Premium Through Agencies (US$ Billion), 2008-2012
Table 72: US Persol Accident and Health Insurance - Written Premium Through Agencies (US$ Billion), 2012-2017
Table 73: US Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 74: US Persol Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 75: US Persol Accident and Health Insurance - Number of Agencies, 2008-2012
Table 76: US Persol Accident and Health Insurance - Number of Agencies, 2012-2017
Table 77: US Persol Accident and Health Insurance - E-Commerce Commission Paid (US$ Billion), 2008-2012
Table 78: US Persol Accident and Health Insurance - E-Commerce Commission Paid (US$ Billion), 2012-2017
Table 79: US Persol Accident and Health Insurance - Written Premium Through E-Commerce (US$ Billion), 2008-2012
Table 80: US Persol Accident and Health Insurance - Written Premium Through E-Commerce (US$ Billion), 2012-2017
Table 81: US Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 82: US Persol Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 83: US Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 84: US Persol Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 85: US Persol Accident and Health Insurance - Commission Paid to Brokers (US$ Billion), 2008-2012
Table 86: US Persol Accident and Health Insurance - Commission Paid to Brokers (US$ Billion), 2012-2017
Table 87: US Persol Accident and Health Insurance - Written Premium Through Brokers (US$ Billion), 2008-2012
Table 88: US Persol Accident and Health Insurance - Written Premium Through Brokers (US$ Billion), 2012-2017
Table 89: US Persol Accident and Health Insurance - Policies Sold Through Brokers (Million), 2008-2012
Table 90: US Persol Accident and Health Insurance - Policies Sold Through Brokers (Million), 2012-2017
Table 91: US Persol Accident and Health Insurance - Number of Brokers, 2008-2012
Table 92: US Persol Accident and Health Insurance - Number of Brokers, 2012-2017
Table 93: US Persol Accident and Health Insurance - Commission Paid to Other Channels (US$ Billion), 2008-2012
Table 94: US Persol Accident and Health Insurance - Commission Paid to Other Channels (US$ Billion), 2012-2017
Table 95: US Persol Accident and Health Insurance - Written Premium Through Other Channels (US$ Billion), 2008-2012
Table 96: US Persol Accident and Health Insurance - Written Premium Through Other Channels (US$ Billion), 2012-2017
Table 97: US Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 98: US Persol Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 99: US Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Table 100: US Persol Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Table 101: Reinsurance in the US by Category (US$ Billion), 2008-2012
Table 102: Reinsurance in the US by Category (US$ Billion), 2012-2017
Table 103: US Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 104: US Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 105: US Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 106: US Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 107: List of Key Insurers in the US Persol Accident and Health Insurance Segment, 2012
Table 108: UnitedHealth Group Inc., Key Facts
Table 109: WellPoint Inc., Key Facts
Table 110: Healthcare Service Corporation (HCSC), Key Facts
Table 111: Huma Inc., Key Facts
Table 112: American Home Assurance Company, Key Facts