Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 120 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric’s 'Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the US personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the US economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in the US Key Trends and Opportunities to 2019' 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 category

• Key trends, drivers and challenges for the personal accident and health insurance segment

• A comprehensive overview of the US economy and demographics

• The various distribution channels in the US personal accident and health insurance segment

• Details of the competitive landscape in the personal accident and health insurance segment in the US

• Details of regulatory policy applicable to the US insurance industry

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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

• It offers a detailed analysis of the key categories in the US personal accident and health insurance segment, and market forecasts to 2019.

• It profiles the top personal accident and health insurance companies in the US, and outlines the key regulations affecting them.

Reasons 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 in the US personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future.

Key HighLights
• The personal accident and health segment accounted for 33.6% of the insurance industry’s gross written premium in 2014.

• Growth in the personal accident and health segment can be attributed to rising healthcare expenditure, decreasing unemployment, the growing aging population, and the implementation of ‘ObamaCare’ reforms.

• Healthcare spending in the US is one of the highest in the world.

• The travel insurance category recorded the fastest growth in the US personal accident and health insurance segment.

• The country’s population is aging fast – the volume of people aged 65 or above reached 14.9% in 2014.

 Table Of Content

1 Key facts and Highlights

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Economy and Demographics

5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance

6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 Brokers
6.5 Other Channels

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the US Personal Accident and Health Insurance Segment
7.2.1 UnitedHealth Group Inc. – company overview
7.2.2 Aetna Inc. – company overview
7.2.3 Aflac Inc. – company overview
7.2.4 Cigna Corporation – company overview
7.2.5 Metropolitan Life Insurance Company – company overview
7.2.6 Unum Group – company overview
7.2.7 Mutual of Omaha Insurance Company – company overview
7.2.8 Guardian Life Insurance Company of America – company overview
7.2.9 Genworth Financial, Inc. – company overview

8 Governance, Risk and Compliance

9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer

List Of Tables

Table 1: US Personal Accident and Health Insurance – Key facts, 2014
Table 2: Insurance Industry Definitions
Table 3: US Government Credit Ratings
Table 4: US Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2010–2014
Table 5: US Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2014–2019
Table 6: US Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2010–2014
Table 7: US Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2014–2019
Table 8: US Personal Accident and Health Insurance – Net Earned Premium (US$ Billion), 2010–2014
Table 9: US Personal Accident and Health Insurance – Net Earned Premium (US$ Billion), 2014–2019
Table 10: US Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2010–2014
Table 11: US Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2014–2019
Table 12: US Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2010–2014
Table 13: US Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2014–2019
Table 14: US Personal Accident and Health Insurance – Net Written Premium by Category (US$ Billion), 2010–2014
Table 15: US Personal Accident and Health Insurance – Net Written Premium by Category (US$ Billion), 2014–2019
Table 16: US Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014
Table 17: US Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019
Table 18: US Personal Accident and Health Insurance – Commission and Expenses (US$ Billion), 2010–2014
Table 19: US Personal Accident and Health Insurance – Commission and Expenses (US$ Billion), 2014–2019
Table 20: US Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014
Table 21: US Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019
Table 22: US Personal Accident and Health Insurance – Number of Policies per Capita, 2010–2014
Table 23: US Personal Accident and Health Insurance – Number of Policies per Capita, 2014–2019
Table 24: US Personal Accident and Health Insurance – Total Assets (US$ Billion), 2010–2014
Table 25: US Personal Accident and Health Insurance – Total Assets (US$ Billion), 2014–2019
Table 26: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2010–2014
Table 27: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2014–2019
Table 28: US Personal Accident and Health Insurance – Net Written Premium (Percentage of Gross Written Premium), 2010–2014
Table 29: US Personal Accident and Health Insurance – Net Written Premium (Percentage of Gross Written Premium), 2014–2019
Table 30: US Personal Accident Insurance – Direct Written Premium (US$ Billion), 2010–2014
Table 31: US Personal Accident Insurance – Direct Written Premium (US$ Billion), 2014–2019
Table 32: US Personal Accident Insurance – Loss Ratio (%), 2010–2014
Table 33: US Personal Accident Insurance – Loss Ratio (%), 2014–2019
Table 34: US Travel Insurance – Number of Policies Sold (Thousand), 2010–2014
Table 35: US Travel Insurance – Number of Policies Sold (Thousand), 2014–2019
Table 36: US Travel Insurance – Direct Written Premium (US$ Billion), 2010–2014
Table 37: US Travel Insurance – Direct Written Premium (US$ Billion), 2014–2019
Table 38: US Personal Accident and Health Insurance – Direct Marketing Value of Commission (US$ Billion), 2010–2014
Table 39: US Personal Accident and Health Insurance – Direct Marketing Value of Commission (US$ Billion), 2014–2019
Table 40: US Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (US$ Billion), 2010–2014
Table 41: US Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (US$ Billion), 2014–2019
Table 42: US Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2010–2014
Table 43: US Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2014–2019
Table 44: US Personal Accident and Health Insurance – Sales Force, 2010–2014
Table 45: US Personal Accident and Health Insurance – Sales Force, 2014–2019
Table 46: US Personal Accident and Health Insurance – Bancassurance Value of Commission (US$ Billion), 2010–2014
Table 47: US Personal Accident and Health Insurance – Bancassurance Value of Commission (US$ Billion), 2014–2019
Table 48: US Personal Accident and Health Insurance – Bancassurance Direct Written Premium (US$ Billion), 2010–2014
Table 49: US Personal Accident and Health Insurance – Bancassurance Direct Written Premium (US$ Billion), 2014–2019
Table 50: US Personal Accident and Health Insurance – Number of Policies Sold Through Bancassurance (Thousand), 2010–2014
Table 51: US Personal Accident and Health Insurance – Number of Policies Sold Through Bancassurance (Thousand), 2014–2019
Table 52: US Personal Accident and Health Insurance – Number of Banking Entities, 2010–2014
Table 53: US Personal Accident and Health Insurance – Number of Banking Entities, 2014–2019
Table 54: US Personal Accident and Health Insurance – Agencies’ Value of Commission (US$ Billion), 2010–2014
Table 55: US Personal Accident and Health Insurance – Agencies’ Value of Commission (US$ Billion), 2014–2019
Table 56: US Personal Accident and Health Insurance – Agencies’ Direct Written Premium (US$ Billion), 2010–2014
Table 57: US Personal Accident and Health Insurance – Agencies’ Direct Written Premium (US$ Billion), 2014–2019
Table 58: US Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2010–2014
Table 59: US Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2014–2019
Table 60: US Personal Accident and Health Insurance – Number of Insurance Agents, 2010–2014
Table 61: US Personal Accident and Health Insurance – Number of Insurance Agents, 2014–2019
Table 62: US Personal Accident and Health Insurance – Brokers’ Value of Commission (US$ Billion), 2010–2014
Table 63: US Personal Accident and Health Insurance – Brokers’ Value of Commission (US$ Billion), 2014–2019
Table 64: US Personal Accident and Health Insurance – Brokers’ Direct Written Premium (US$ Billion), 2010–2014
Table 65: US Personal Accident and Health Insurance – Brokers’ Direct Written Premium (US$ Billion), 2014–2019
Table 66: US Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2010–2014
Table 67: US Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2014–2019
Table 68: US Personal Accident and Health Insurance – Number of Brokers, 2010–2014
Table 69: US Personal Accident and Health Insurance – Number of Brokers, 2014–2019
Table 70: US Personal Accident and Health Insurance – Other Channels’ Value of Commission (US$ Million), 2010–2014
Table 71: US Personal Accident and Health Insurance – Other Channels’ Value of Commission (US$ Million), 2014–2019
Table 72: US Personal Accident and Health Insurance – Other Channels’ Direct Written Premium (US$ Billion), 2010–2014
Table 73: US Personal Accident and Health Insurance – Other Channels’ Direct Written Premium (US$ Billion), 2014–2019
Table 74: US Personal Accident and Health Insurance – Number of Policies Sold Through Other Channels (Thousand), 2010–2014
Table 75: US Personal Accident and Health Insurance – Number of Policies Sold Through Other Channels (Thousand), 2014–2019
Table 76: US Personal Accident and Health Insurance – Segment Shares (%), 2014
Table 77: UnitedHealth Group Inc. – Key facts
Table 78: Aetna Inc., – Key facts
Table 79: Aflac Inc. – Key facts
Table 80: Cigna Corporation – Key facts
Table 81: Metropolitan Life Insurance Company – Key facts
Table 82: Metropolitan Life Insurance Company – Key Financials (US$ Million), 2010–2014
Table 83: Unum Group – Key facts
Table 84: Mutual of Omaha Insurance Company – Key facts
Table 85: Guardian Life Insurance Company of America – Key facts
Table 86: Genworth Financial, Inc. – Key facts

List Of Figures

Figure 1: US Real GDP (US$ Billion), 2010–2019
Figure 2: US Consumer Price Inflation, 2010–2019
Figure 3: US Current Account Balance as Percentage of GDP (%), 2010–2019
Figure 4: US Unemployment Rate, 2010–2019
Figure 5: US Population by Age Group, 1990–2025
Figure 6: US Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2010–2019
Figure 7: US Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 8: US Personal Accident and Health Insurance – Gross Written Premium Dynamics by Category, 2010–2019
Figure 9: US Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2010–2019
Figure 10: US Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 11: US Personal Accident and Health Insurance – Direct Written Premium Dynamics by Category, 2010–2019
Figure 12: US Personal Accident and Health Insurance – Net Earned Premium (US$ Billion), 2010–2014
Figure 13: US Personal Accident and Health Insurance – Net Earned Premium (US$ Billion), 2014–2019
Figure 14: US Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2010–2019
Figure 15: US Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2010–2019
Figure 16: US Personal Accident and Health Insurance – Net Written Premium by Category (US$ Billion), 2010–2019
Figure 17: US Personal Accident and Health Insurance – Loss Ratio (%), 2010–2014
Figure 18: US Personal Accident and Health Insurance – Loss Ratio (%), 2014–2019
Figure 19: US Personal Accident and Health Insurance – Commission and Expenses (US$ Billion), 2010–2014
Figure 20: US Personal Accident and Health Insurance – Commission and Expenses (US$ Billion), 2014–2019
Figure 21: US Personal Accident and Health Insurance – Combined Ratio (%), 2010–2014
Figure 22: US Personal Accident and Health Insurance – Combined Ratio (%), 2014–2019
Figure 23: US Personal Accident and Health Insurance – Number of Policies per Capita, 2010–2014
Figure 24: US Personal Accident and Health Insurance – Number of Policies per Capita, 2014–2019
Figure 25: US Personal Accident and Health Insurance – Total Assets (US$ Billion), 2010–2014
Figure 26: US Personal Accident and Health Insurance – Total Assets (US$ Billion), 2014–2019
Figure 27: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2010–2014
Figure 28: US Personal Accident and Health Insurance – Total Investment Income (US$ Billion), 2014–2019
Figure 29: US Personal Accident and Health Insurance – Net Written Premium (Percentage of Gross Written Premium), 2010–2014
Figure 30: US Personal Accident and Health Insurance – Net Written Premium (Percentage of Gross Written Premium), 2014–2019
Figure 31: US Personal Accident and Health Insurance – Investment Portfolio (US$ Billion), 2010–2014
Figure 32: US Personal Accident and Health Insurance – Investment Portfolio (Percentage Share), 2010 and 2014
Figure 33: US Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 2010–2014
Figure 34: US Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2010–2014
Figure 35: US Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2014–2019
Figure 36: US Personal Accident and Health Insurance – Density (Direct Premium per Capita), 2010–2014
Figure 37: US Personal Accident Insurance – Direct Written Premium (US$ Billion), 2010–2014
Figure 38: US Personal Accident Insurance – Direct Written Premium (US$ Billion), 2014–2019
Figure 39: US Personal Accident Insurance – Loss Ratio (%), 2010–2014
Figure 40: US Personal Accident Insurance – Loss Ratio (%), 2014–2019
Figure 41: US Travel Insurance – Number of Policies Sold (Thousand), 2010–2014
Figure 42: US Travel Insurance – Number of Policies Sold (Thousand), 2014–2019
Figure 43: US Travel Insurance – Direct Written Premium (US$ Billion), 2010–2014
Figure 44: US Travel Insurance – Direct Written Premium (US$ Billion), 2014–2019
Figure 45: US Personal Accident and Health Insurance – Gross Written Premium by Distribution Channel (Percentage Share), 2014 and 2019
Figure 46: US Personal Accident and Health Insurance – Direct Marketing Value of Commission (US$ Billion), 2010–2014
Figure 47: US Personal Accident and Health Insurance – Direct Marketing Value of Commission (US$ Billion), 2014–2019
Figure 48: US Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (US$ Billion), 2010–2014
Figure 49: US Personal Accident and Health Insurance – Direct Marketing Direct Written Premium (US$ Billion), 2014–2019
Figure 50: US Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2010–2014
Figure 51: US Personal Accident and Health Insurance – Number of Policies Sold Through Direct Marketing (Thousand), 2014–2019
Figure 52: US Personal Accident and Health Insurance – Sales Force, 2010–2014
Figure 53: US Personal Accident and Health Insurance – Sales Force, 2014–2019
Figure 54: US Personal Accident and Health Insurance – Bancassurance Value of Commission (US$ Billion), 2010–2014
Figure 55: US Personal Accident and Health Insurance – Bancassurance Value of Commission (US$ Billion), 2014–2019
Figure 56: US Personal Accident and Health Insurance – Bancassurance Direct Written Premium (US$ Billion), 2010–2014
Figure 57: US Personal Accident and Health Insurance – Bancassurance Direct Written Premium (US$ Billion), 2014–2019
Figure 58: US Personal Accident and Health Insurance – Number of Policies Sold Through Bancassurance (Thousand), 2010–2014
Figure 59: US Personal Accident and Health Insurance – Number of Policies Sold Through Bancassurance (Thousand), 2014–2019
Figure 60: US Personal Accident and Health Insurance – Number of Banking Entities, 2010–2014
Figure 61: US Personal Accident and Health Insurance – Number of Banking Entities, 2014–2019
Figure 62: US Personal Accident and Health Insurance – Agencies’ Value of Commission (US$ Billion), 2010–2014
Figure 63: US Personal Accident and Health Insurance – Agencies’ Value of Commission (US$ Billion), 2014–2019
Figure 64: US Personal Accident and Health Insurance – Agencies’ Direct Written Premium (US$ Billion), 2010–2014
Figure 65: US Personal Accident and Health Insurance – Agencies’ Direct Written Premium (US$ Billion), 2014–2019
Figure 66: US Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2010–2014
Figure 67: US Personal Accident and Health Insurance – Number of Policies Sold Through Agencies (Thousand), 2014–2019
Figure 68: US Personal Accident and Health Insurance – Number of Insurance Agents, 2010–2014
Figure 69: US Personal Accident and Health Insurance – Number of Insurance Agents, 2014–2019
Figure 70: US Personal Accident and Health Insurance – Brokers’ Value of Commission (US$ Billion), 2010–2014
Figure 71: US Personal Accident and Health Insurance – Brokers’ Value of Commission (US$ Billion), 2014–2019
Figure 72: US Personal Accident and Health Insurance – Brokers’ Direct Written Premium (US$ Billion), 2010–2014
Figure 73: US Personal Accident and Health Insurance – Brokers’ Direct Written Premium (US$ Billion), 2014–2019
Figure 74: US Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2010–2014
Figure 75: US Personal Accident and Health Insurance – Number of Policies Sold Through Brokers (Thousand), 2014–2019
Figure 76: US Personal Accident and Health Insurance – Number of Brokers, 2010–2014
Figure 77: US Personal Accident and Health Insurance – Number of Brokers, 2014–2019
Figure 78: US Personal Accident and Health Insurance – Other Channels’ Value of Commission (US$ Million), 2010–2014
Figure 79: US Personal Accident and Health Insurance – Other Channels’ Value of Commission (US$ Million), 2014–2019
Figure 80: US Personal Accident and Health Insurance – Other Channels’ Direct Written Premium (US$ Billion), 2010–2014
Figure 81: US Personal Accident and Health Insurance – Other Channels’ Direct Written Premium (US$ Billion), 2014–2019
Figure 82: US Personal Accident and Health Insurance – Number of Policies Sold Through Other Channels (Thousand), 2010–2014
Figure 83: US Personal Accident and Health Insurance – Number of Policies Sold Through Other Channels (Thousand), 2014–2019
Figure 84: US Personal Accident and Health Insurance – Segment Shares (%), 2014