DUBLIN--(BUSINESS WIRE)--Jan 6, 2023--

The “Group Health Insurance Market By Plan Type, By Enterprise Size, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering.

According to this report the group health insurance market size was valued at $744.04 billion in 2021, and is estimated to reach $1,800.08 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

A group health insurance is a type of health insurance plan that covers a group of people who work under the same organization. This is often offered as a valuable benefit for employees as the premium for the same is borne by employers.

Group health insurance coverage can be extended to the family members of employees in some cases. This insurance plan is also referred to as corporate health insurance or employee health insurance.

Surge in employee retention, especially after decision of various governments to mandate all employers to provide health insurance to their employees, which leads to increase in offering corporate health insurance from a variety of industries as an employee benefit scheme.

Furthermore, easy claiming and tax saving of group health insurance are some of the factors that propel the market growth. However, increase in group health insurance premium cost and invalid liability for retired employees are some of the major factors that limit the group health insurance market growth. On the contrary, rise in geriatric population and demand for better employee benefits in corporates is expected to grow tremendously in the coming years.

Key Benefits

• The study provides in-depth analysis of the global group health insurance market along with the current & future trends to illustrate the imminent investment pockets.
• Information about key drivers, restrains, & opportunities and their impact analysis on the global group health insurance market size are provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global group health insurance market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Plan Type

• Mixed-insured Plan
• Self-insured Plan
• Fully Insured Plan

By Enterprise Size

• Large Enterprises
• Micro, Small, and Medium Enterprises (MSMEs)

By Distribution Channel

• Agents
• Direct Sale
• Banks
• Others

By Region

• North America
• U.S.
• Canada
• Europe
• United Kingdom
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Market Players

• Anthem Insurance Companies, Inc.
• Allianz Care
• AXA
• Aetna Inc.
• ACKO General Insurance Limited
• American International Group, Inc.
• Cigna
• Chubb
• IFFCO-Tokio General Insurance Company
• United HealthCare Services, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/4jzgk0

View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005147/en/

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KEYWORD:

INDUSTRY KEYWORD: INSURANCE PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 01/06/2023 05:27 AM/DISC: 01/06/2023 05:26 AM

http://www.businesswire.com/news/home/20230106005147/en