Industry Analysis & Industry Trends
The Global Life and Health Insurance Carriers industry protects people from the immediate and long-term costs arising from illness, injury, death and longevity. Life and Health (L&H) insurers' exposure to financial markets through underwriting and investing caused significant revenue volatility during the recession. However, industry revenue is expected to increase marginally through 2013 and continue increasing over the next five years... read more
Industry Key Buyers
The Global Life and Health Insurance Carriers industry is expected to pass $4.0 trillion in revenue this year. One reason for the industry's scale is its utility to all consumer groups and hence its global appeal. The industry's size and global nature makes it particularly difficult for a company to win substantial share. Ultimately, this means the industry exhibits a low level of concentration. In 2012, IBISWorld expects that the four largest industry participants accounted for an estimated 5.8% of revenue.
Concentration levels vary significantly across the various lines of life and health insurance written. Grabbing substantial share in multiple health insurance markets is particularly difficult due to the structural diversity of health systems... read more