Accident Insurance Market Size Analysis and Forecast by 2020-2026: Allianz, AXA, Nippon Life Insurance
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Summary
Global Accident Insurance Market Overview:
Accidents can occur anytime, anywhere, and one needs to manage the expenses not covered by major medical insurance. The introduction of accidental insurance provides an added layer of financial protection, which pays for expenses that are major medical insurance that does not cover.
Market Drivers
Rise in Number of Accidents around the Globe
Government Focus on
Market Trend
Development of New Offers and Schemes by Insurance Companies
Innovation in Accident Insurance Products
Restraints
Stringent Government Rules and Regulations
Opportunities
High Potential Growth In Emerging Market
Addition of Attractive Features to the Plans by Insurance Companies
Challenges
Lack of Awareness among the Customers
Longer Time for Claim Reimbursement
Competitive Landscape:
Some of the key players profiled in the report are
According to WHI, Every year the lives of approximately 1.35 million people are cut short as a result of a road traffic crash. Between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. The 2030 Agenda for
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Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Accident Insurance Providers, Government Agencies,
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators,
....Continued
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