ReportsnReports added Wellbeing in Insurance Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. Wellbeing in Insurance Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. Wellbeing in Insurance Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.
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Top Company Profile Analysis in this Report-
Discovery, Vitality, YuLife, John Hancock, UnitedHealthcare, Aetna, Cigna, Bupa, AON, Willis Towers Watson, Arthur J Gallagher, Marsh, SIA Health Insurance, Bought By Many, Anorak, Anthem, Humana, AXA, Aviva, Allianz, Oscar Health Insurance, Apple, Fitbit, Garmin, Withings, Amazon, iRythm, MyFitnessPal, Samsung Heath, Apple HealthKit, SilverCloud, Headspace, Calm, Fitness+, Babylon Health, Verily, dacadoo, FitSense, Vivametrica, Unum, CVS Health Corporation, SimplyHealth, Aditya Birla Health Insurance, MetLife, Optum, Prudential, Bradesco Seguros, Sul America, Itaú Seguros, Company for Cooperative Insurance, Harel Insurance, Phoenix Holdings Limited, CZ Groep, Vereniging Achemea, Cooperatie VGZ, L&G, Ping An, China Life Insurance, The People’s Insurance Company of China, Nippon Life Insurance, Life Insurance Corporation of India, Munich Re, SquareHealth, Google, Facebook, Amazon, Alphabet, Wellpepper, Partner Re, More Than, Chubb, SCOR Global Life, Tictrac, Sanitas, Westfield Health
Insurers are enhancing their wellness solutions, going beyond providing traditional cover. They are becoming more reactive, moving towards health promotion and illness prevention. Meanwhile, consumers are adopting healthier lifestyles choices and employers are realizing that wellbeing at the workplace reduces sickness absence and improves productivity. There is also increased understanding around wellbeing, prompting insurers to transition towards more holistic approaches. Wellness components are being introduced in both group and individual policies. Partnerships with healthtech companies and other technology providers are helping insurers promote healthy lifestyles among policyholders and inspire positive behavioral change. Some insurers now incorporate fitness and biometric data from activity trackers and wearable devices into their policies.
This report explores how insurers are adapting to heightened interest in health and wellbeing. It examines the state of the market for individual policies and group policies separately, covering key market drivers and consumers degree of concern around different health and wellbeing aspects. It examines how businesses and employees view different employee benefits, with a focus on those traditionally offered by insurance providers. The report also examines how the industry has responded in terms of new product innovations and which companies have been at the forefront of this.
Scope of this Report-
– The theme of wellbeing in insurance is particularly gaining traction within the private medical and health insurance space. Wellness components are being introduced in both group and individual policies.
– Insurers are shifting from paying out medical claims to promoting customers health and wellbeing to reduce the likelihood of illnesses and thereby the severity of claims.
– Some insurers are shaking up traditional business models, incentivizing customers to get fit and adopt healthy habits by rewarding them with points that can be exchanged for retailer coupons.
– COVID-19 has raised consumer awareness about health and wellbeing, creating new opportunities for insurers.
Reasons to Buy this Report-
– Understand how the insurance industry is changing as awareness of health and wellbeing improves.
– Identify the key trends shaping the wellbeing in insurance theme.
– Identify key players in the wellbeing in insurance theme and to what extent they are providing innovative solutions
– Benchmark your company against the rest of the market.
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Table of Contents
Wellbeing is the state of being comfortable, healthy, or happy
Wellbeing is subjective
What is the difference between wellness and wellbeing?
Insurance and wellbeing
About this report
Market size and growth forecasts
Wellness is of interest to both policyholders and insurers
Consumers concerns go beyond physical health
COVID-19 brings growth opportunities to insurers, but also new risks
Growing health awareness further will help drive positive behavioral change
Insurers are helping customers make their own lifestyle choices
Digital tools and wearables can help reduce modifiable health risks
Younger adults are more likely to share biometric data with insurers
Insurers offer financial rewards to encourage healthier lifestyles
A good benefits package is as desirable as a good wage
A range of health and wellbeing benefits are typically offered
EAPs are core wellness solutions, but employees do not value them
Many employees feel stressed and tired at work
Musculoskeletal problems and mental health conditions are common reasons for work absences
Some insurers are improving engagement with initiatives that tackle sedentary office lifestyles
Most health insurers offer some kind of wellness component
Wellness benefits differ by insurer
Partnerships have allowed insurers to launch wellbeing apps
Providing access to virtual GPs has become common
Alphabets Verily has entered the health insurance space, while other tech giants are investing in healthtech
Gamification is used to promote fitness and healthy habits
Mergers and acquisitions
Marketing and distribution
Underwriting and risk profiling
Insurance sector scorecard
Our thematic research methodology