The report is based on a survey of 12 insurers and evaluates over 600 data points across 10 key wellbeing domains, including telemedicine, mental health, employee assistance programs (EAPs), health screenings and case management.
The report reveals that the health insurance market is projected to exhibit a compound annual growth rate of 7.4 percent from 2024 to 2032. Additionally, the Chinese Government has introduced initiatives like Healthy China 2030 to ensure universal health security, emphasising preventive care and wellness programs. Increased market competition has required insurers to enhance efficiency and implement cost containment measures with 92 percent of insurers providing customisation support for clients with more than 1,000 employees.