Report Consultants forecasts the global Group Insurance Market growing at a CAGR of +6% from 2018 to 2026.
Group insurance is insurance that covers a defined group of people, for example, members of a professional society or association, or employees of a particular employer. Group coverage can help reduce the problem of adverse selection by creating a group of people eligible to buy insurance that belongs to the group for reasons other than the desire to buy insurance, which could be because it is a risk worse than the average.
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Top Key Players of Group Insurance Market:
Kaiser Permanente, United Healthcare, Aetna, Health Care Service Corporation (HCSC), Anthem, Cigna, Blue Cross Blue Shield of Massachusetts, Blue Shield of California, Blue Cross Blue Shield of Michigan, Highmark, Blue Cross and Blue Shield of Florida, Independence Blue Cross, Harvard Pilgrim Health Care, Centene Corporation, Humana, Excellus BlueCross BlueShield, HAP, and Priority Health
Geographically, the report scrutinizes the Group Insurance market across the regions such as North America, Europe, Asia Pacific, Middle East, and Latin America. Among all these regions, Europe is presently the dominant regional market is the fastest growing regional market. Figures illustrating the performance of the Group Insurance industry and predictions regarding the performance of the market over the forecast period are also provided in the report.
Group Insurance Market Types
- Group Medical/ Health Insurance
- Group Critical Illness
- Group Accident Insurance
- Group Travel Insurance
- Group Gratuity Insurance
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Key Questions Answered through this Research Report:
- What are the threats and challenges in front of the businesses?
- What is the global group insurance market size in the forecast period?
- Who are the highest competitors in the global market?
- Which factors are responsible for driving the global market?
As analytics have become an inherent part of every business activity and role, form a central role in the decision-making process of companies these days is mentioned in this report. In the next few years, the demand for the market is expected to substantially rise globally, enabling the healthy growth of the global Group Insurance Market is also detailed in the report. As businesses gain more confidence about the reliability of data-driven decisions undertaken by technology in real-time, self-service business analytics solutions will gain more prominence in the global market in the next few years.
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