Key Products 9 United India Insurance offers a diverse products category Motor

Key products 9 united india insurance offers a

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Key Products 9
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United India Insurance offers a diverse products category: Motor Insurance Health Insurance Travel Insurance Personal Accident Householder’s insurance Shopkeeper’s Insurance Performance Indicators (for Q4 2018-2019) : Total Assets 103,734,333 EBITDA 2,153,405 PAT 1,921,523 United Health Group Incorporated CEO: David S. Wichmann US based Health Insurance giant, is ranked the world’s number one insurance company. The net premiums written for the year 2018 were USD 158.5 billion. The group provides people with health benefits and health services through the complementary and distinct businesses- United healthcare and Optum. UnitedHealthcare: The Health benefits platform is focussed at helping people live healthier lives by simplifying health care experience, fulfilling customer health and wellness needs, and maintaining trusted relationships with the care providers. Market shares 10 Top 3 players in US Market share United Health Group 12.90% Anthem Inc. 9.80% Humana Inc. 7.90%
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The products offered include (Key products) Individuals and Families: Hospital and Doctor fixed Indemnity insurance: To help with the medical bills when needed, this plan provides fixed cash benefits for commonly covered medical services. Medicaid: The lower income health care coverage program. Medicare: For people aged 65 or above, UHG offers a federal health insurance program called Medicare. Employers Small Businesses: Business with employees from 1-99 are offered Small Business Health Options Program (SHOP), an online marketplace where the qualified employers can select the coverage for their employees. Large Business: Business with employees from 100-2999 are offered Consumer Driven Health Plans (CDHPs) to manage their health care expenses- Health Reimbursement Account (HRA) in which the employer owns the account and Health Savings account in which the employee owns the account. National Accounts: Business with employees from 100-2999 are offered custom specialities to suit the needs of large organizations. The purpose is to improve health and regulate costs while providing high quality health care. The products include Retiree solutions, Bridge2Health, etc. Optum Employers: Prevention and wellbeing, population and behavioural health services, medical benefit management, pharmacy care and financial services. Federal Government: Health policy research, analytics, consulting, Military and veteran health services, Health IT and operations, population health management and Pharmacy care management. State Government: Improve program effectiveness, manage complex populations, modernize technology, manage pharmacy services and streamline eligibility. KEY FINANCIAL INDICATORS 11
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Key Financial Indicators (US $) Profit ratios Revenues 226,247 Mn Net Profit Margin 5.30% Profits 11,986 Mn Return on Equity 23.20% Assets 1,52,221 Mn Growth in Revenues (YoY) 12.5% Total stockholder equity 51,696 Mn Earnings per share ($) 12.19 * Data as on 31 st December, 2018 Macroeconomic Analysis Government Regulations and Policy Changes: 1. Insurance Regulatory and Development Authority of India (IRDAI) IRDAI governs all insurance and reinsurance companies in India. The IRDAI opened up the market in August 2000. Foreign companies were allowed ownership up to 26%. The
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  • Spring '14
  • Insurance Sector India

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