Company profile

Future of Cigna

#
Rank
400
| Quantumrun Global 1000

Cigna is a US global health services organization. Its insurance subsidiaries are significant providers of disability, life and accident, dental, and medical insurance and associated products and services, the larger part of which are offered through employers and other groups (e.g. governmental and non-governmental organizations, associations and unions). Cigna also provides Medicaid and Medicare products and life, accident, and health insurance coverages mainly to individuals in America and selected international markets. In addition to its ongoing business activities described above, Cigna also has certain run-off operations, including a Run-off Reinsurance segment. In the Phoenix metropolitan area, Cigna runs a full-service staff-model HMO (health maintenance organization) with satellite clinics throughout the region, known as the Cigna Medical Group.

Home Country:
Sector:
Industry:
Healthcare - Insurance and Managed Care
Website:
Founded:
1982
Global employee count:
41000
Domestic employee count:
38000
Number of domestic locations:

Financial Health

Revenue:
$39668000000 USD
3y average revenue:
$37486000000 USD
Operating expenses:
$39499000000 USD
3y average expenses:
$37359333333 USD
Funds in reserve:
$16000000 USD
Market country
Revenue from country
0.91

Asset Performance

  1. Product/Service/Dept. name
    Global healthcare
    Product/Service revenue
    29900000000
  2. Product/Service/Dept. name
    Global supplemental benefits
    Product/Service revenue
    3140000000
  3. Product/Service/Dept. name
    Group disability and life
    Product/Service revenue
    4270000000

Innovation assets and Pipeline

Global brand rank:
439
Total patents held:
3

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the healthcare sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the late 2020s will see the Silent and Boomer generations enter deep into their senior years. Representing nearly 30-40 per cent of the global population, this combined demographic will represent a significant strain on the health systems of developed nations. *However, as an engaged and wealthy voting block, this demographic will actively vote for increased public spending on subsidized health services (hospitals, emergency care, nursing homes, etc.) to support them in their greying years.
*The economic strain caused this massive senior citizen demographic will encourage developed nations to fast-track the testing and approval process for new drugs, surgeries and treatment protocols that may improve the overall physical and mental health of patients to a point where they can lead independent lives outside of the health care system.
*This increased investment into the health care system will include a greater emphasis on preventative medicine and treatments.
*By the early 2030s, the most profound preventative health care treatment will become available: treatments to stunt and later reverse the effects of aging. These treatments will be provided annually and, over time, will become affordable to the masses. This health revolution will result in a reduced usage and strain on the overall health care system—since younger people/bodies use less health care resources, on average, than people in older, sicker bodies.
*Increasingly, we will use artificial intelligence systems diagnose patients and robots to manage intricate surgeries.
*By the late 2030s, technological implants will correct any physical injury, while brain implants and memory erasure drugs will cure most any mental trauma or illness.
*By the mid-2030s, all medicines will be customized to your unique genome and microbiome.

COMPANY’S FUTURE PROSPECTS

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