Stroke Insurance Market Scope
The demand for the stroke insurance coverage is booming across the United Kingdom due to rapidly growing risks of strokes. There are more than 100,000 strokes in the United Kingdom each year. That is around one stroke every five minutes. There are over 1.2 million stroke survivors in the United Kingdom. Facing a medical emergency can be an intense experience. Therefore, stroke insurance coverage that helps provides financial support to the insured. Stroke insurance provides coverage that can help with financial challenges, so insured and his/her loved ones can focus on health without worrying about the financial challenges.
Aviva (United Kingdom), Prudential plc (United Kingdom), Legal & General (United Kingdom), MetLife (United Kingdom), AXA (France), Aegon (Netherlands), Allianz (Germany), AIG (United States), United Healthcare (United States), Zurich (Switzerland), Sun Life Financial (Canada), Liberty Mutual (United States) and China Life Insurance (China) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of United Kingdom Stroke Insurance market by Type (Ischemic and Hemorrhagic) and Region with country level break-up.
On the basis of geography, the market of Stroke Insurance 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).
On 10 Aug 2016, AIG Life launched Key3, a simpler form of critical illness insurance which pays a lump sum upon diagnosis of one of three key medical conditions - cancer, heart attack or stroke. Key3 is designed to give customers simple, affordable and essential critical illness cover which can be bought with or without life insurance. Like AIG’s comprehensive critical illness cover, Key3 comes with access to Best Doctors which can be used by the insured person for up to three years after payout, as well as access to AIG Life’s unique Claims Support Fund.
Market Trend
- Combination of Health Insurance and Critical Illness Cover Gaining Popularity
Market Drivers
- Increasing Incidences of Strokes across the United Kingdom
- Rising Demand for Stroke Coverage Due to High Medical Costs
Opportunities
- Introduction of Advanced Technology in Healthcare Settings Is Expected To Provide Lucrative Opportunity
Key Target Audience
Stroke Insurance Companies, Regulatory & Government Bodies, Potential Investors, End Users and Others