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Global Disability Insurance Market Size study, By Insurance Type (Employer Supplied Disability Insurance, Individual Disability Insurance, High Limit Disability Insurance, Business Overhead Expense Disability Insurance), By End User (Government, Enterprise, Individual), By Coverage Type (Short Term Disability Insurance, Long Term Disability Insurance), and Regional Forecasts 2022-2028

September 2022 | 200 pages | ID: GC9E57C073A5EN
Bizwit Research & Consulting LLP

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Global Disability Insurance Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028.

Disability Insurance refers to a type of insurance that pays out if an insured person is not able to work due to a permanent or temporary disability. Short-term policies pay benefits for short time duration generally three months, six months, ND one year. Whereas, in case of long-term insurance policy benefits are paid for a longer term, generally two years, five years, 10 years, or to age 65, or for life, based on the underline conditions of a policy. The growing expansion of insurance industry and increasing incidences of work-related injuries as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to International Labor Organization (ILO) estimates- as of 2020, around 2.3 million women and men around the world lost their lives due to work-related accidents or diseases every year, witnessing for around 6000 deaths every day. Further, globally around 340 million occupational accidents and 160 million victims of work-related illnesses occurs annually. Furthermore, leading market players are working towards strategic initiatives such as joint partnerships to leverage the growing adoption of disability insurance products. For instance, in June 2022, Nebraska, USA based insurtech company Breeze Partnered with US based financial investment management and insurance company Principal Financial Group to Expand Its Online Disability Insurance Platform. Also, growing emergence of digital insurance distribution channels coupled with increasing number of favorable government initiatives are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a lack of awareness among individuals and slow insurance penetration in developing regions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Disability Insurance Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing expansion of insurance sector and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the increasing number of favorable government initiatives towards social security of employees as well as increasing penetration of leading insurance providers in the region, would create lucrative growth prospects for the Disability Insurance Market across the Asia pacific region.

Major market players included in this report are:
AEGON N.V.
Assurity Group, Inc.
Allianz SE
assicurazioni generali spa
Aviva plc
AXA Group
Guardian Life Insurance Company
Illinois Mutual
Petersen International Underwriters (PIU)
Massmutual


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Insurance Type
Employer Supplied Disability Insurance
Individual Disability Insurance
High Limit Disability Insurance
Business Overhead Expense Disability Insurance
By End User
Government
Enterprise
Individual
By Coverage Type
Short Term Disability Insurance
Long Term Disability Insurance
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Disability Insurance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
  1.2.1. Global Disability Insurance Market, by Region, 2020-2028 (USD Million)
  1.2.2. Global Disability Insurance Market, by Insurance Type, 2020-2028 (USD Million)
  1.2.3. Global Disability Insurance Market, by End User, 2020-2028 (USD Million)
  1.2.4. Global Disability Insurance Market, by Coverage Type, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL DISABILITY INSURANCE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL DISABILITY INSURANCE MARKET DYNAMICS

3.1. Disability Insurance Market Impact Analysis (2020-2028)
  3.1.1. Market Drivers
    3.1.1.1. Growing expansion of insurance industry.
    3.1.1.2. Increasing incidences of work-related injuries.
    3.1.1.3. Strategic initiatives from leading market players.
  3.1.2. Market Challenges
    3.1.2.1. Lack of awareness among individuals.
    3.1.2.2. Slow insurance penetration in developing regions.
  3.1.3. Market Opportunities
    3.1.3.1. Growing emergence of digital insurance distribution channels.
    3.1.3.2. Increasing number of favourable government initiatives.

CHAPTER 4. GLOBAL DISABILITY INSURANCE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

  5.1.1. Assessment of the overall impact of COVID-19 on the industry
  5.1.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL DISABILITY INSURANCE MARKET, BY INSURANCE TYPE

6.1. Market Snapshot
6.2. Global Disability Insurance Market by Insurance Type, Performance - Potential Analysis
6.3. Global Disability Insurance Market Estimates & Forecasts by Insurance Type 2018-2028 (USD Million)
6.4. Disability Insurance Market, Sub Segment Analysis
  6.4.1. Employer Supplied Disability Insurance
  6.4.2. Individual Disability Insurance
  6.4.3. High Limit Disability Insurance
  6.4.4. Business Overhead Expense Disability Insurance

CHAPTER 7. GLOBAL DISABILITY INSURANCE MARKET, BY END USER

7.1. Market Snapshot
7.2. Global Disability Insurance Market by End User, Performance - Potential Analysis
7.3. Global Disability Insurance Market Estimates & Forecasts by End User 2018-2028 (USD Million)
7.4. Disability Insurance Market, Sub Segment Analysis
  7.4.1. Government
  7.4.2. Enterprise
  7.4.3. Individual

CHAPTER 8. GLOBAL DISABILITY INSURANCE MARKET, BY COVERAGE TYPE

8.1. Market Snapshot
8.2. Global Disability Insurance Market by Coverage Type, Performance - Potential Analysis
8.3. Global Disability Insurance Market Estimates & Forecasts by Coverage Type 2018-2028 (USD Million)
8.4. Disability Insurance Market, Sub Segment Analysis
  8.4.1. Short Term Disability Insurance
  8.4.2. Long Term Disability Insurance

CHAPTER 9. GLOBAL DISABILITY INSURANCE MARKET, REGIONAL ANALYSIS

9.1. Disability Insurance Market, Regional Market Snapshot
9.2. North America Disability Insurance Market
  9.2.1. U.S. Disability Insurance Market
    9.2.1.1. Insurance Type estimates & forecasts, 2018-2028
    9.2.1.2. End User estimates & forecasts, 2018-2028
    9.2.1.3. Coverage Type estimates & forecasts, 2018-2028
  9.2.2. Canada Disability Insurance Market
9.3. Europe Disability Insurance Market Snapshot
  9.3.1. U.K. Disability Insurance Market
  9.3.2. Germany Disability Insurance Market
  9.3.3. France Disability Insurance Market
  9.3.4. Spain Disability Insurance Market
  9.3.5. Italy Disability Insurance Market
  9.3.6. Rest of Europe Disability Insurance Market
9.4. Asia-Pacific Disability Insurance Market Snapshot
  9.4.1. China Disability Insurance Market
  9.4.2. India Disability Insurance Market
  9.4.3. Japan Disability Insurance Market
  9.4.4. Australia Disability Insurance Market
  9.4.5. South Korea Disability Insurance Market
  9.4.6. Rest of Asia Pacific Disability Insurance Market
9.5. Latin America Disability Insurance Market Snapshot
  9.5.1. Brazil Disability Insurance Market
  9.5.2. Mexico Disability Insurance Market
9.6. Rest of The World Disability Insurance Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. AEGON N.V.
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Assurity Group, Inc.
  10.2.3. Allianz SE
  10.2.4. assicurazioni generali spa
  10.2.5. Aviva plc
  10.2.6. AXA Group
  10.2.7. Guardian Life Insurance Company
  10.2.8. Illinois Mutual
  10.2.9. Petersen International Underwriters (PIU)
  10.2.10. Massmutual

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Disability Insurance Market, report scope
TABLE 2. Global Disability Insurance Market estimates & forecasts by Region 2018-2028 (USD Million)
TABLE 3. Global Disability Insurance Market estimates & forecasts by Insurance Type 2018-2028 (USD Million)
TABLE 4. Global Disability Insurance Market estimates & forecasts by End User 2018-2028 (USD Million)
TABLE 5. Global Disability Insurance Market estimates & forecasts by Coverage Type 2018-2028 (USD Million)
TABLE 6. Global Disability Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 7. Global Disability Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 8. Global Disability Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 9. Global Disability Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 10. Global Disability Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 11. Global Disability Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 12. Global Disability Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 13. Global Disability Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 14. Global Disability Insurance Market by segment, estimates & forecasts, 2018-2028 (USD Million)
TABLE 15. Global Disability Insurance Market by region, estimates & forecasts, 2018-2028 (USD Million)
TABLE 16. U.S. Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 17. U.S. Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 18. U.S. Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 19. Canada Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 20. Canada Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 21. Canada Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 22. UK Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 23. UK Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 24. UK Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 25. Germany Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 26. Germany Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 27. Germany Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 28. RoE Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 29. RoE Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 30. RoE Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 31. China Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 32. China Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 33. China Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 34. India Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 35. India Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 36. India Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 37. Japan Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 38. Japan Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 39. Japan Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 40. RoAPAC Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 41. RoAPAC Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 42. RoAPAC Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 43. Brazil Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 44. Brazil Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 45. Brazil Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 46. Mexico Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 47. Mexico Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 48. Mexico Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 49. RoLA Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 50. RoLA Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 51. RoLA Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 52. Row Disability Insurance Market estimates & forecasts, 2018-2028 (USD Million)
TABLE 53. Row Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 54. Row Disability Insurance Market estimates & forecasts by segment 2018-2028 (USD Million)
TABLE 55. List of secondary sources, used in the study of global Disability Insurance Market
TABLE 56. List of primary sources, used in the study of global Disability Insurance Market
TABLE 57. Years considered for the study
TABLE 58. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Disability Insurance Market, research methodology
FIG 2. Global Disability Insurance Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Disability Insurance Market, key trends 2021
FIG 5. Global Disability Insurance Market, growth prospects 2022-2028
FIG 6. Global Disability Insurance Market, porters 5 force model
FIG 7. Global Disability Insurance Market, pest analysis
FIG 8. Global Disability Insurance Market, value chain analysis
FIG 9. Global Disability Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 10. Global Disability Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 11. Global Disability Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 12. Global Disability Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 13. Global Disability Insurance Market by segment, 2018 & 2028 (USD Million)
FIG 14. Global Disability Insurance Market, regional snapshot 2018 & 2028
FIG 15. North America Disability Insurance Market 2018 & 2028 (USD Million)
FIG 16. Europe Disability Insurance Market 2018 & 2028 (USD Million)
FIG 17. Asia pacific Market 2018 & 2028 (USD Million)
FIG 18. Latin America Disability Insurance Market 2018 & 2028 (USD Million)
FIG 19. Global Disability Insurance Market, company Market share analysis (2021)


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