Personal Accident and Health Insurance Market Size Segmentation, Application, Technology & Market Analysis Research Report 2026

Selbyville, Delaware According to Market Study Report, Personal Accident and Health Insurance Market provides a comprehensive analysis of the Personal Accident and Health Insurance market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of industry. This report also provides market landscape and market share information in the Personal Accident and Health Insurance market.

A personal accident insurance is an annual policy that offers compensation in the occurrence of injuries, death or disability caused exclusively by accidental, violent, external and visible events. Whereas, health insurance is an insurance product that includes medical and surgical expenses of an assured individual.

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It compensates the expenses incurred caused by illness or injury and pays the care provider of the insured individual promptly. These insurances are different from each other in terms of several factors, such as medical coverage, disability expenses, Sum insured, premium and many more. Even both these policies stabilize each other due to the fact that they provide protection against unforeseen medical emergencies. Rising incidences of road fatalities or injuries, increasing prevalence of chronic diseases such as cancer, diabetes, etc., and growing number of e-commerce platforms for providing personal accident and health insurances are the few factors responsible for high CAGR of the market over the forecast period.

For instance, as per the National Highway Traffic Safety Administration (NHTSA), in the United States, the total vehicle fatalities related to tire crashes is around 738 in 2017, up from 634 fatal tire-related crashes. Also, according to International Diabetic Federation (IDF), globally, the number of adults with diabetes was about 463 million adults (20-79 years) in 2019, and this estimation is projected to grow to almost 700 million by 2045. This, in turn, is projected to boost the demand for personal accident and health insurance around the world. With the outbreak of COVID-19, there is a sharp increase in demand for health and personal accident insurance policies as the intensity and spread of this pandemic is constantly growing around the world. For this reason, several individuals are demanding personal accident and health insurance policies, as they will reduce the burden of billing thus, the market is poised to grow at significant rate in the forthcoming years. However, shortage of health insurance policies for certain clinics & hospitals is being the major restricting factor to the market growth over the forecast period of 2020-2026.

The regional analysis of global Personal Accident and Health Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to owing to accessibility of multi-value health insurance policies, along with the presence of significant number of insurance vendor in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the rising cases of road accidents, and availability of expensive health facilities in the region.

Major market player included in this report are:

Zurich Financial Services


Aegon Life Insurance Company

FUDE Sino Life


Assicurazioni Generali S.p.A.

Taiping Life Insurance Co., Ltd.

Sumitomo Life Insurance

China Life Insurance Co., Ltd.

Munich Re Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Personal Accident Insurance

Health Insurance

By Application:

Direct Marketing





Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018

Base year – 2019

Forecast period – 2020 to 2026

Target Audience of the Global Personal Accident and Health Insurance Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers


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Related Report:

Global Agriculture Crop Insurance Market Size study, by Distribution Channel (Agency, Broker, Bancassurance, Direct Writing), by Type (MPCI Insurance, Hail Insurance, Livestock Insurance, Other Insurance) and by Regional Forecasts 2018-2025

Increase in agricultural risks plays a vital role in the growth of the Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market and production risk which is caused due to ambiguity about the amount of production those primary producers would yield from their current activities. These two risks are most likely to increase in the future and would consequently drive the global Agriculture Crop Insurance market. Agriculture Crop Insurance is quite prevalent across the West, especially in the U.S. and Europe. The Agriculture Crop Insurance market is matured in developed economies which is well supported by the government for sustained growth. Developing economies pose a lucrative opportunity for growth with significant investments made by local bodies to provide insurance against potential risk for crop failure.

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