Cigna, Centene Corporation, and Allianz Care were Dominating the Global Health Insurance Market in 2021

Global Health Insurance Market is expected to grow with the CAGR of 4.6% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global health insurance market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments due to favourable market scenario.

The major players dealing in Global health insurance market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In June 2021, Cigna announced an additional $450 million capital investment in Cigna Ventures to drive continuous health care transformation, innovation, and growth. Cigna Ventures will use this new funding to continue to invest in companies that are making ground-breaking progress across three primary pillars: insights and analytics, digital health and experience, and care delivery and enablement. This development will bring goodwill to the company.
  • In February 2022, Centene Corporation announced it will present at the Barclays Global Healthcare Conference. This development will provide a company a global opportunity for business growth.
  • In January 2022, Centene Corporation announced that it has completed the acquisition of Magellan Health, Inc. Through this development, the company is establishing a leading behavioural health platform during a critical time through the COVID-19 pandemic which is expected to act as a strategic growth decision

Cigna

Cigna is headquartered in Connecticut, U.S. as public ownership it was founded in 1792. The company is engaged in providing health insurance to improve the health, well-being, and peace of mind. The company have business category which are Evernorth, Cigna Healthcare, Other Operations, Corporate out of which Evernorth, Cigna Healthcare, Other Operations are focused business category. The company have several product categories which are Individuals and Families, Medicare, Employers, Brokers, Health Care Providers out of which Individuals and Families, Employers, Brokers are focused product category. The company has wide global presence Asia-Pacific, Europe, North America. Company have subsidiaries which are Express Scripts (U.S.), Healthspring, Inc. (U.S.), CONNECTICUT GENERAL LIFE INSURANCE CO (U.S.), CIGNA HealthCare of North Carolina Inc (U.S.), CIGNA Behavioral Health (U.S.) and among others

  • In June 2021, Cigna announced an additional $450 million capital investment in Cigna Ventures to drive continuous health care transformation, innovation, and growth. Cigna Ventures will use this new funding to continue to invest in companies that are making groundbreaking progress across three primary pillars: insights and analytics, digital health and experience, and care delivery and enablement. This development will bring goodwill to the company.

Centene Corporation

Centene Corporation (2021) is headquartered in Missouri, U.S. as public ownership it was founded in 1984. The company is engaged in providing high-quality healthcare, innovative programs and a wide range of health solutions for individuals as well as families. The company have business category which are Managed Care, Specialty Services out of which Managed Care is focused business category. The company have several product categories which are Medicaid, Medicare, Health Insurance Marketplace, Federal Services, and Correctional Healthcare out of which Health Insurance Marketplace is focused product category. The company has wide global presence U.S., Europe, U.K. Company have subsidiaries which are Health Net (U.S.), Fidelis Care (U.S.), MHM Services (U.S.), Illinicare health plan (U.S.), Superior HealthPlan (U.S.) among others.

  • In February 2022, Centene Corporation announced it will present at the Barclays Global Healthcare Conference. This development will provide a company a global opportunity for business growth.

Health Insurance Market

Allianz Care (A Subsidiary of Allianz SE)

Allianz Care (A Subsidiary of Allianz SE) headquartered in Paris, Franceas private ownership and founded in 1890. The company is focused in providing international health, life & disability, critical illness, short-term and emergency cover. The company have product which are Personal, Business out of which Personal, Business are market focused product. The company has wide global presence across Europe, Asia-Pacific, Middle-East and Africa, North America, South America.

  • In January 2021, Allianz Care officially began its eight-year worldwide partnership with the Olympic & Paralympic Movements, building on a collaboration with the Paralympic Movement since 2006. This development will act as strategic branding and will help to build brand image.