Stop-Loss Insurance Market Size
US Market Size
- The market size of stop-loss insurance in the United States was between $14 billion and $17 billion in 2016, rising from the pre-Affordable Care Act value of $8 billion to $10 billion.
- According to a 2019 Business Wire report, the net premiums for stop-loss insurance in the US have doubled over the past 5 years (since the Affordable Care Act went into effect). This is evident in the growth of the net premiums earned, from $9.2 billion in 2013 to $18.6 billion in 2018.
Stop-Loss Insurance Helpful Findings
- Researchers note the market is evenly shared between each type of carrier at $7.5 billion and $8 billion.
- Stop-loss insurance has exceedingly surpassed the growth rate of traditional group health insurance.
- Companies that registered a minimum of $10 million in stop-loss premiums in 2018 experienced a 102% growth.
- Based on a report by S&P Global Intelligence, "the current stop-loss market size stands at $20 billion in premium."
Although we found the market size for the stop-loss insurance industry in the United States, we were unable to identify any breakdown of the stop-loss industry by region/state. In an attempt to find a breakdown of the stop-loss industry by region/state, the research team began by searching through the public domain for news reports from trusted media sources, market surveys, research works, and publications but did not find any precompiled data on the breakdown of the stop-loss industry by region or state. Next, we looked into the key market players as revealed by our search in an attempt to find out any linkage or listing of the state with the largest share of the stop-loss insurance market. Our search was futile as we were unable to identify any such listing. We further searched through the website of the companies' insurance sources listed for any individual market report or survey conducted by the sources on the state of stop-loss insurance in the United States but found none. Finally, we decided to search through the database of top US states by population and employment to find out if any of the states have listed its stop-loss survey or analysis. Our search revealed that although most states had a policy on stop-loss insurance, there was no trace of any document containing the market share by state in the US stop-loss market nor were there any details about individual state's stop-loss market size to aid triangulation.