Health Insurance Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to health insurance market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Health Insurance Market News

in Health Insurance Market
  • February 2025, Narayana Health launched its foray into the insurance space with a product targeted at the working class. The company wanted to be one of the largest insurance players in 2-3 years. This move helped increase healthcare affordability among middle and lower-income households. Investors were interested with anticipation of an impact on the Narayana Health share price.
  • In October 2024, TATA AIG General Insurance introduced five new health insurance riders to augment its retail health covers. The riders—Mental Wellbeing, EmpowerHer, OPD Care, CanCare, and Flexi Shield—were aimed at segments such as mental wellbeing, women's well-being, and covering cancer. They were launched keeping in view increasing healthcare expenses and evolving consumer preferences. With the additions, TATA AIG wanted to deliver broader healthcare care.
  • Care Health Insurance partnered with CarePal Secure, an Indian health protection marketplace, in July 2024. With the deal, they brought coverage for people with pre-existing medical conditions. The two companies entered into the partnership to offer holistic health insurance products to a broader client base. This move assisted in enhancing access to health facilities for people with underlying medical conditions.

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Global health insurance market size was valued at USD 2,153.5 Billion in 2023 and is expected to grow from USD 2,242.2 Billion in 2024 to USD 3,475.8 Billion by 2032, growing at a CAGR of 5.7% in the forecast period (2025-2032).

UnitedHealth Group, Elevance Health, Aetna CVS Health, Cigna Corporation, Humana Inc., Allianz SE, AXA Group, Prudential Financial, MetLife, Inc., Bupa Group, Swiss Life Holding AG, Sampo Group, Aviva plc, Generali Group, China Life Insurance

The growth of the industry is driven primarily by the development of technology and innovation in the health insurance industry. The use of technologies like telemedicine, AI, robotic process automation (RPA), and blockchain raises efficiency, accuracy, and customer experience, making it more personalized and responsive health insurance policies.

The health insurance industry is witnessing significant changes. There has been a substantial 30–50% surge in mental health insurance claims for mainly anxiety and depression, reflecting increased awareness and use of mental health services.

North America dominates the global health insurance market share with strong government support, high healthcare spending, and an established private health insurance industry.

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Global Health Insurance Market
Health Insurance Market

Report ID: SQMIG35D2315

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