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APAC Healthcare Insurance Market is Expected to Witness the Fastest Growth at a CAGR of 5.7% During the Period 2019–2024
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Further, overall dynamics of healthcare industry is changing in the region, mainly on account of improving healthcare expenditure and infrastructure in APAC countries. With these changes, healthcare insurance plans are gaining popularity among the Asian population. Besides, conferences, seminars, and training sessions are being actively organized related to this industry in the region. For instance, in November 2018, Insurinnovator Connect conducted a conference on health insurance in Hong Kong. The conference witnessed the presence of esteemed healthcare insurance market players, specifically players of the APAC region. The conference focused on the growing healthcare insurance industry in the region, and innovations and advancements in this sector.
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Similarly, in 2019, IBC Asia (S) Pte Ltd., a Singapore-based conference, exhibition, and training company, plans to organize its 13th annual healthcare insurance conference in Singapore. Key highlights of this conference will include innovation and services in the Asian market, digital transformation of the industry, and insights on growing healthcare insurance market. Such conferences and seminars create awareness about the benefits and features of healthcare insurance products, which in turn, are expected to boost the market growth.
Also, in January 2019, Aviva plc expanded its digital general practitioner (GP) services to small medium enterprises (SMEs) and individual policy holders. This was followed after its entry into corporate insurance products. The policy holders can get remote diagnosis of health issues on the app and obtain advices on simple medical enquiries. Thus, companies are expanding their product portfolio, which can be a strong opportunity to expand their customers reach.
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Some of the key players operating in the global healthcare insurance market are Allianz Group, Anthem Inc., Centene Corporation, Kaiser Permanente, Cigna Corporation, Gulf Insurance Group, International Medical Group Inc., Zurich Insurance Group, and Aetna Inc.
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