Health Insurance Research
Delivered December 23, 2019. Contributor: Dagmawit W.
Goals
To identify the top two health insurance players from each of these countries (India and China) and to determine their market share, total revenue for the year 2018, types of insurance solutions they provide, and the counties that they are currently operating in.
Early Findings
India
- Different companies offer different packages whereby one can choose a plan that suits their needs and meets their price point.
- The increasing cost of treatment and hospitalization in India has made health insurance a necessity. Health insurance is no longer a luxury.
- When looking for a top health insurance company, factors to consider include a variety of policies and different terms and conditions.
- The Insurance Regulatory and Development Authority (IRDA) in India rates health insurance companies and provides a "top" list. They analyze the companies based off performance, overall benefits offered to customers, incurred claim ratio, among others.
- The following companies are thought to be the best insurance companies in India based off the sources cited above:
Apollo Munich Health Insurance
Summary of our Early Findings
- Our initial one-hour research was able to identify various pre-compiled list of health insurance companies. We have provided the list of the top four in India.
- Our initial attempt at identifying the top health insurance companies in China did not bear immediate fruit. Our research would identify the top insurance companies, but not specific to the health industry.
- For this reason, additional time would be necessary to comb through those lists and identify the insurance companies that also offer health insurance.
Proposed next steps:
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