The global market for international health insurance is “fast-growing” and its rate of growth “comfortably ahead of that for health insurance in general”, according to a new report.
Although international health insurance accounts for a “fairly small segment within the global market for all types of health insurance” – which was worth around US$1.21trn last year – “its compound annual growth rate of 11.1% between 2011 and 2015 is comfortably ahead of that for health insurance in general,” which grew by only around 4.8% during the same time, according to David Bowles, Consultant at Finaccord, the report’s publisher.
Increasing take-up among eligible customers was said to be behind the international health insurance sector’s increase.
Finaccord is a market research, publishing and consulting company specialising in the financial services sector. More information about its latest report, International Health Insurance for Expatriates and Students: A Worldwide Review , may be found by clicking here.