UnitedHealth Group, Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.) and Aetna Inc. (A Subsidiary of CVS Health) are Dominating Global Health Insurance in 2019

Global Health Insurance Market is expected to grow at a CAGR of 4.4% in the forecast period 2020 to 2027. The years considered for study are as mentioned below.

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Global health insurance market is a highly fragmented market, which includes a large number of global players as well as local players operating in each country of the world. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Global Health Insurance Market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio.

UnitedHealth Group is the dominating player in the health insurance market and accounts the highest market share in 2019, which is followed by Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.), Aetna Inc. (A Subsidiary of CVS Health), Centene Corporation, Cigna, ALLIANZ CARE (A SUBSIDIARY OF ALLIANZ), AXA, ASSICURAZIONI GENERALI S.P.A., Bupa, AIA Group Limited, Aviva, BMI Healthcare, Broadstone Corporate Benefits Limited, HBF Health Limited, HealthCare International Global Network Ltd., International Medical Group, Inc. (A Subsidiary of Sirius International Insurance Group Ltd.), MAPFRE, Now Health International, Oracle, Vhi Group and Vitality Corporate Services Limited (A Subsidiary Of Discovery Limited)  among others.

Health Insurance Market

UnitedHealth Group

UnitedHealth Group headquartered in Minneapolis, U.S. was incorporated in 1977. The company is focused on provision of health insurance through various products including medicare plans, small business plans, individual & family plans, dental plans, short term health insurance, and Medicaid plans. The company operates through multiple subsidiaries to cater to different areas including insurance solutions.

  • In November 2019, UnitedHealth Group care opened member Medicare services centers at Walgreens Stores at few major metropolitan areas. Through this expansion UnitedHealthcare would be able to serve customers at the convenience of Walgreens Stores, while offering them the customer services that they expect from UnitedHealthcare Medicare Advantage programs.

UnitedHealthcare’s Employer & Individual policies and products are offered to customers through network care providers that integrate data and analytics, implement value-based payments and care management programs. UnitedHealthcare Employer & Individual caters to customer requirements through affiliates that are licensed as insurance companies, health maintenance organizations (HMOs) or third-party administrators (TPAs). Few subsidiaries of the company include Optum, Inc (US), Oxford Health Plans, LLC (US), United HealthCare Services, Inc.(US), Golden Rule Insurance Company (US), Amil Participacoes SA (US), PacifiCare Health Systems (US), and UnitedHealthcare Community & State (US) among others.   

Anthem Insurance Companies, Inc. (A Subsidiary of Anthem, Inc.)

Anthem Insurance Companies, Inc. headquartered in Virginia, U.S. The company is engaged in providing health insurance to delivering better care to their members. The company is providing brands under medicare, individual & family, employers, producers, providers, medicaid categories. The market focus products lie under individual & family, medicare, and employer’s category. The company is continuously engaged in manufacturing and developments of Health insurance.

  • In August 2018, Anthem Insurance Companies, Inc. announced the development of a new health plan option in Blue Cross and Blue shield in partnership with Mercy. The new product development helped the company to appeal to new customer base.

The company has global presence in U.S.

Aetna Inc. (A Subsidiary of CVS Health)

Aetna Inc. (A Subsidiary of CVS Health) has headquartered in Connecticut, U.S. and was established in 1853. The company is engaged in providing product and services for individuals, employers and health care professionals.

The company is providing products under individuals & families, employers, governments, brokers and providers categories. The market focus products lie under individuals & families, employers, brokers. The company engaged in business expansion through strategic agreement of health insurance products.

  • In May 2019, Aetna Inc. announced that the company launched DNA testing for their European members as an optional part of the wellness plans they offered to gain broader perspective into more suitable products that can be offered to the customers. The DNA testing provides insights regarding the customers’ health and lifestyle, including nutrigenomics, stress, fitness and sleep so that the insurer can choose appropriate product for the customer... The company has wide global presence across the globe such as Singapore, Indonesia, China, Hong Kong, Dubai, U.K., and U.S.

The company has global presence across Singapore, Indonesia, China, Hong Kong, Dubai, U.K., U.S.