Global Employee Benefit Insurance Market Overview:
An employee benefits insurance plan refers to insurance offered by employers to their current employees in the form of a group insurance program. It also serves as a way to attract and retain workers in a company. An employee benefits insurance plan typically includes the following basic coverage package: medical health insurance, group term life insurance, prescription drug plan, and accidental death and dismemberment policies. Other companies may offer a more comprehensive package that might include dental and vision plans, short- and long-term disability insurance, and retirement plans.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
New Policies Launch for the COVID 19
Market Growth Drivers:
High Adoption due to Policies Such as Age Discrimination and Development of New Offers and Schemes by Insurance Companies
Challenges:
Lack of Awareness
Restraints:
Difficulties in Claiming Process and High Costs of Premium
Opportunities:
Digital Access and Enhanced Claim Settlings
Competitive Landscape:
The service providers operating in this sector are highly focusing more towards on efficient growth, improvement of service, and highly focused on maintaining sustainable development. The players are focusing on safeguarding the leading position in this industry. They are uninterruptedly looking for the opportunity to reinforce their competitive advantage.
Some of the key players profiled in the report are Aviva (United Kingdom), Allianz (Germany), American International Group, Inc. (United States), Zurich (Switzerland), Chubb (Switzerland), AXA (France), RSA (United Kingdom), The Travelers Indemnity Company (United States), Hiscox Ltd (Bermuda) and NFU Mutual (United Kingdom). Analyst at AMA Research see Global Players to retain maximum share of Global Employee Benefit Insurance market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Agents will boost the Employee Benefit Insurance market. Considering Market by Organisation Size, the sub-segment i.e. Small Sized Enterprises will boost the Employee Benefit Insurance market.
What Can be Explored with the Employee Benefit Insurance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Employee Benefit Insurance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Employee Benefit Insurance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Employee Benefit Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Employee Benefit Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.