Research Expert: Sarah Overall
  • Published: Apr 2025
  • Pages: 150
  • SKU: IRTNTR75835

  • Latest News- Personal Accident And Health (Pa And H) Insurance Market: Personal health insurance is expected to lead the Type segment during 2024-2028

    The Personal Accident And Health (Pa And H) Insurance Market is being driven by Increasing awareness about benefits of personal accident and health insurance

    The Personal Accident And Health (Pa And H) Insurance Market is expected to grow at a CAGR of 8.81% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 720.5 billion. The global Personal Accident and Health (PA&H) insurance market has experienced significant expansion in recent years, driven by the proliferation of digital channels. Leveraging advanced technology, insurers have made it more convenient for customers to purchase policies, file claims, and access assistance online. This innovation has broadened market reach, particularly in emerging economies where insurance penetration is low and traditional distribution networks are limited. For instance, Indian insurers like ACKO General Insurance Ltd (ACKO) and Policybazaar Insurance Brokers Private Ltd (PolicyBazaar) have capitalized on digital platforms to offer customized PA&H insurance solutions to a wider audience. 

    Get more information on Personal Accident And Health (Pa And H) Insurance Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Type
      • Personal health insurance
      • Personal accidental insurance
    • Age Group
      • Adults
      • Senior citizens
      • Children
    • Geography
      • North America
        • Canada
        • US
      • APAC
        • China
        • Japan
      • Europe
        • UK
      • South America
        • Middle East and Africa

        According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

        • Increasing awareness about benefits of personal accident and health insurance
        • Rise in number of accidents
        • Increase in prevalence of chronic diseases

        However, the market also witnesses some limitations, which are as follows:

        • Vulnerability toward cybercrime
        • Stringent regulation compliance
        • High cost of insurance policy

        Benefits of Buying Global Personal Accident And Health (Pa And H) Insurance Market Research Report by Technavio

        Rich Experience: 20+ years leading global market research, trusted insights across industries.

        Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

        Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

        Market Scope in Personal Accident And Health (Pa And H) Insurance Market Research Report

        Market Scope

        Report Coverage

        Details

        Page number

        176

        Base year

        2023

        Historic period

        2018-2022

        Forecast period

        2024-2028

        Growth momentum & CAGR

        Accelerate at a CAGR of 8.81%

        Market growth 2024-2028

        USD 720.5 billion

        Market structure

        market_structure.ucfirst

        YoY growth 2023-2024(%)

        7.49

        Key countries

        US, China, Canada, UK, and Japan

        Competitive landscape

        Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

        Request Free Sample

        Find out which segment is leading the market by accessing the free PDF report

        Research Analysis Overview

        The Personal Accident and Health (PA&H) insurance market encompasses various types of coverage, including medical insurance, critical illness insurance, and hospital indemnity insurance. These plans offer policy benefits for premium payments, addressing health-related risks through claims procedures. Insurance providers and companies offer a range of health insurance plans, from traditional to innovative solutions, in the dynamic health insurance marketplace. Trends, costs, and regulations shape the health insurance industry, with consumer protection, education, and awareness being crucial. Health insurance marketing, sales, distribution, technology, and consulting play significant roles in the sector, alongside research and analysis. However, challenges such as insurance fraud and legislation continue to impact the market.

        Market Research Overview

        The Personal Accident and Health (PA&H) insurance market encompasses revenue generated from providers of accident coverage, medical expenses, disability benefits, critical illness cover, and surgical expenses. According to Technavio's market research, the global specialized consumer services market, which includes PA&H insurance, is calculated based on the earnings of various service providers. This market size excludes consumer services categorized under casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services. Key services included in the market are residential, home security, legal, personal, renovation and interior design, consumer auction, wedding, and funeral services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


        Contacts

        Technavio Research
        Jesse Maida
        Media & Marketing Executive
        US: +1 844 364 1100
        UK: +44 203 893 3200
        Email: media@technavio.com
        Website: www.technavio.com/

        Read News Read Less
        Interested in this report?
        Get your sample now!

      Safe and Secure SSL Encrypted

      Technavio

      • 2500 USD

      [5 reports/month/user]

      • 5000 USD

      close
      • Basic Plan [5000 USD/Year]:

        Single User
        Download 5 Reports/Month
        View 100 Reports/Month
        Add upto 3 Users at 625 USD/user

      • Teams Plan [7500 USD/Year]:

        5 User
        Download 5 Reports/Month/User
        View 100 Reports/Month/User
        Add upto 30 Users at 500 USD/user

      *You can upgrade to Teams plan at Subscription page

      close
      • Single:

        One user only.
        Quick & easy download option

      • Enterprise:

        Unlimited user access (Within your organization).
        Complimentary Customization Included

      *For Enterprise license, go to checkout page

      Technavio Get the report (PDF) sent to your email within minutes.