New Report Focusing on Critical Illness Insurance Market Trends, Strategy Analysis, Market Effect Factors Analysis, Competitive Landscape – Global Forecast to 2023

Market Highlights

Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

Critical illness insurance is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy. The policy may also be structured to pay out regular income and the payout may also be on the policyholder undergoing a surgical procedure, for example, having a heart bypass operation. The policy may require the policyholder to survive a minimum number of days (the survival period) from when the illness was first diagnosed. The survival period used varies from company to company, however, 14 days is the most typical survival period used. In the Australian market, survival periods are set between 8 – 14 days. The contract terms contain specific rules that define when a diagnosis of a critical illness is considered valid. It may state that the diagnosis need be made by a physician who specializes in that illness or condition, or it may name specific tests, e.g. EKG changes of a myocardial infarction, that confirm the diagnosis.

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World Market Dynamics

In South Africa, the UK, Ireland, Australia and New Zealand, critical illness insurance has become a well-established form of insurance.

Critical illness insurance continues to grow in popularity and has recently been accepted into other territories including the Far East and the United States.

In markets where the product is newer, many insurers choose to use the expertise of reinsurers with worldwide exposure as well as overseas insurers who have sold the product for a number of years. The expertise may come in the form of data provided as well as assistance with the product design features of the product.

Top Industry Players:

This report studies the global Critical Illness Insurance market, analyzes and researches the Critical Illness Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: China Life Insurance, Ping An Insurance, China Pacific Insurance, Aviva,Legal & General, New China Life Insurance, AXA, Prudential plc, Aegon, Allianz, AIG, UnitedHealthcare, Zurich, MetLife, Dai-ichi Life Group, Sun Life Financial, Huaxia life Insurance, Aflac, Liberty Mutual, HCF.

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Key Benefits

• This report provides an extensive analysis of the current and emerging market trends and dynamics of the Critical Illness Insurance market.
• The market trend analysis for all the countries is conducted by constructing estimations for key segments between 2018 and 2023 to identify the prevailing opportunities.
• The report assists to understand the strategies adopted by the leading companies in the industry.
• Extensive analysis is conducted by key player positioning and monitoring the top competitors within the regional market.

Regional Analysis:

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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About Future Genic Reports
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