Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020

Published: Apr, 2017 | Pages: 168 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Personal Accident and Health Insurance in the US, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the US personal accident and health insurance segment, and a comparison of the US insurance industry with its regional counterparts.

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 (2011-2015) and forecast period (2015-2020).

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 2020' report provides in-depth market analysis, information and insights into the US personal accident and health insurance segment, including:

• An overview of the US personal accident and health insurance segment

• The US personal accident and health insurance segment's growth prospects by category

• A comprehensive overview of the US economy and demographics

• A comparison of the US personal accident and health insurance segment with its regional counterparts

• 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 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key categories in the US personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the US personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in the US.

• 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 36.3% of the overall insurance gross written premium in the US in 2015. 

• Healthcare expenditure accounted for 17.8% of the country's GDP in 2015.

• The proportion of US citizens without health insurance stood at 9.1% .

• The US personal accident and health insurance segment is highly competitive, and contains both domestic and foreign insurers.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments
5 Outlook by Category
5.1 Health Insurance
5.1.1 Claims
5.1.2 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Brokers
6.1.2 Agencies
6.1.3 Direct marketing
6.1.4 Bancassurance
6.1.5 E-commerce
7 Competitive Landscape
7.1 Company Profiles
7.1.1 United Health Group - company overview
7.1.2 Kaiser Foundation Group - company overview
7.1.3 Anthem Inc. - company overview
7.1.4 Humana Group - company overview
7.1.5 Aetna Group - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Health insurance
8.4.3 Social insurance system
8.4.4 Aviation third-party liability insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 National Association of Insurance Commissioners
8.5.3 Federal Insurance Office
8.5.4 American Insurance Association
8.5.5 National Association of Mutual Insurance Companies
8.5.6 Property Casualty Insurers of America
8.5.7 Reinsurance Association of America
8.5.8 American Council of Life Insurers
8.6 Non-Admitted Insurance Regulation
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure 157
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Health insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

List of Tables
Table 1: US Personal Accident and Health Insurance - Key Facts, 2015
Table 2: US Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: US Government Credit Ratings
Table 4: US Personal Accident and Health Insurance - Gross Written Premium (US$ Billion), 2011-2015
Table 5: US Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: US Personal Accident and Health Insurance - Gross Written Premium (US$ Billion), 2015-2020
Table 7: US Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: US Personal Accident and Health Insurance - Premium per Capita (US$ and US$), 2011-2015
Table 9: US Personal Accident and Health Insurance - Premium per Capita (US$ and US$), 2015-2020
Table 10: US Personal Accident and Health Insurance - Paid Claims (US$ Billion), 2011-2015
Table 11: US Personal Accident and Health Insurance - Paid Claims (US$ Billion), 2015-2020
Table 12: US Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 13: US Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 14: US Personal Accident and Health Insurance - Total Assets (US$ Trillion), 2011-2015
Table 15: US Personal Accident and Health Insurance - Total Assets (US$ Trillion), 2015-2020
Table 16: US Personal Accident and Health Insurance - Total Investment Income (US$ Billion), 2011-2015
Table 17: US Personal Accident and Health Insurance - Total Investment Income (US$ Billion), 2015-2020
Table 18: US Personal Accident and Health Insurance - Investment Portfolio (US$ Billion), 2011-2015
Table 19: US Personal Accident and Health Insurance - Investment Portfolio (US$ Billion), 2015-2020
Table 20: US Health Insurance - Paid Claims (US$ Billion), 2011-2015
Table 21: US Health Insurance - Paid Claims (US$ Billion and US$ Billion), 2015-2020
Table 22: US Health Insurance - Loss Ratio (%), 2011-2015
Table 23: US Health Insurance - Loss Ratio (%), 2015-2020
Table 24: US Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015
Table 25: United Health Group - Key Facts
Table 26: United Health Group - Key Financials (US$ Million), 2011-2015
Table 27: Kaiser Foundation Group - Key Facts
Table 28: Anthem, Inc. - Key Facts
Table 29: Anthem, Inc. - Key Financials (US$ Million), 2011-2015
Table 30: Humana Group - Key Facts
Table 31: Humana Group - Key Financials (US$ Million), 2011-2015
Table 32: Aetna Group - Key Facts
Table 33: Aetna Group - Key Financials (US$ Million), 2011-2015
Table 34: The US - Insurance Regulatory Framework Key Features
Table 35: The US - Life Insurance Regulatory Framework
Table 36: The US - Property Insurance Regulatory Framework
Table 37: The US - The US TRIP Highlights
Table 38: The US - Motor Insurance Regulatory Framework
Table 39: The US - Liability Insurance Regulatory Framework
Table 40: The US - Maximum Cover for Motor Third-Party Liability Per Accident by State
Table 41: The US - California - Statutory Membership in Insurance Associations
Table 42: The US - California - Minimum Paid-up Share Capital Requirements for Non-life Insurers
Table 43: The US - California - Minimum Paid-up Share Capital Requirements for life Insurers
Table 44: The US - New York - Minimum Capital and Surplus Requirement
Table 45: The US - New York - Minimum Capital and Surplus Requirement
Table 46: The US - California - Authorization Fee for Insurers
Table 47: The US - California - License Fee for insurance intermediaries
Table 48: The US - Corporate Tax Rates for the Financial Year 2017
Table 49: US Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 50: US Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 51: US Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 52: US Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 53: US Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 54: US Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 55: US Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 56: US Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 57: Insurance Industry Definitions