About Health Insurance Broker
Health insurance is a type of insurance coverage that covers medical and surgical expenses of an individual’s treatment. The health insurance broker offers a comparative analysis of various health insurance policies to the customer so the latter can opt for the best policy. They are responsible to help the customer choose an insurance policy most suitable to the latter's financial requirements. It is not attached to any single company and sells insurance policies for many companies. It has a wide knowledge base of all policies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Health Insurance Broker market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marsh & McLennan Companies, Inc. (United States), Aon PLC (United Kingdom), Brown & Brown Inc. (United States), Willis Towers Watson PLC (United Kingdom) and Arthur J Gallagher & Co. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Health Insurance Broker market by and Region.
On the basis of geography, the market of Health Insurance Broker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Corporate will boost the Health Insurance Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Insured Type, the sub-segment i.e. Adults will boost the Health Insurance Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Broker Type, the sub-segment i.e. Retail will boost the Health Insurance Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Health Insurance Plans, the sub-segment i.e. PPO Health Insurance Plans will boost the Health Insurance Broker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness among the People about Health Insurance
Market Growth Drivers:
Rising Promotional Activities by the Insurance Providers, Increasing Adoption of Health Insurance and Growing Cost of the Health Care Facilities
Challenges:
Privacy and Security Concerns
Restraints:
Lack of Availability of Experienced Health Insurance Brokers and Difficulties in the Claim Processes of the Health Insurance
Opportunities:
Growth in the Health Insurance Sector, Rising Online Customers Worldwide and Rising Prevalence of Diseases such as Cancers, Diabetes and others
Market Leaders and their expansionary development strategies
Key Target Audience
Health Insurance Providers, Research Professionals, Research Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.