Health Insurance Carriers Report Summary

SIC Codes: 6321
NAICS Codes: 524114

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Health Insurance Carriers Industry Overview

Excerpt from Health Insurance Carriers Report

Companies in this industry underwrite health and medical insurance policies and administer group hospitalization plans, HMOs, and PPOs. Major companies include Aetna, Anthem, CIGNA, Humana, and UnitedHealth Group (all based in the US), as well as AEGON (the Netherlands), Allianz (Germany), and BUPA (UK).

Competitive Landscape

Demand for health insurance products is driven by cost of medical care. The profitability of individual companies depends on efficient operations and the ability to enter favorable contracts with health care providers. Large companies and organizations have advantages in negotiating contracts with providers. Small companies can compete successfully by specializing in types of coverage or populations. The US industry is concentrated: the 50 largest companies generate about 80% of revenue.

Products, Operations & Technology

Major products offered by US health insurance carriers include health maintenance organization (HMO), preferred provider organization (PPOs), point-of-service (POS), and indemnity benefit plans. Companies usually offer a number of such plans and each may operate dozens of them. Of the approximately 90% of Americans covered by health insurance, about two-thirds are covered by private health insurance and about one-third by government plans. Most private policies are employer-based.

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