Disability Insurance Market, Global Outlook and Forecast 2023-2030
The global Disability Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD). Statistics show that in the US a disabling accident occurs, on average, once every second. In fact, nearly 18.5% of Americans are currently living with a disability,[citation needed] and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.
This report aims to provide a comprehensive presentation of the global market for Disability Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Disability Insurance. This report contains market size and forecasts of Disability Insurance in global, including the following market information:
- Global Disability Insurance Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Employer-Supplied Disability Insurance Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Disability Insurance include Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon and Dai-ichi Mutual Life Insurance, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Disability Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Disability Insurance Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Disability Insurance Market Segment Percentages, by Type, 2022 (%)
- Employer-Supplied Disability Insurance
- Individual Disability Insurance
- High-Limit Disability Insurance
- Business Overhead Expense Disability Insurance
- Others
Global Disability Insurance Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Disability Insurance Market Segment Percentages, by Application, 2022 (%)
- Government
- Enterprise
- Others
Global Disability Insurance Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Disability Insurance Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Disability Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Disability Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Allianz
- Assicurazioni Generali
- China Life Insurance
- MetLife
- PingAn
- AXA
- Sumitomo Life Insurance
- Aegon
- Dai-ichi Mutual Life Insurance
- CPIC
- Aviva
- Munich Re Group
- Zurich Financial Services
- Nippon Life Insurance
- Gerber Life Insurance
- AIG
- MetLife
- State Farm
- Aflac
- AIA Group
- AlfaStrakhovanie
Outline of Major Chapters:
Chapter 1: Introduces the definition of Disability Insurance, market overview.
Chapter 2: Global Disability Insurance market size in revenue.
Chapter 3: Detailed analysis of Disability Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Disability Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
