Report overview
Workers' compensation (which formerly was known as workmen's compensation until the name was changed to make it gender neutral) is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
This report contains market size and forecasts of Workers Compensation Insurance in Global, including the following market information:
Global Workers Compensation Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Workers Compensation Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Medical Benefits Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Workers Compensation Insurance include AIG, Berkshire Hathaway, Liberty Mutual, Zurich Insurance, Travelers, Allianz, Tokio Marine, XL Group and ACE&Chubb, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Workers Compensation 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 Workers Compensation Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Workers Compensation Insurance Market Segment Percentages, by Type, 2021 (%)
Medical Benefits
Cash Benefits
Investment Income
Global Workers Compensation Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Workers Compensation Insurance Market Segment Percentages, by Application, 2021 (%)
Agency
Bancassurance
Digital & Direct Channels
Global Workers Compensation Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Workers Compensation Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Workers Compensation Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Workers Compensation Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AIG
Berkshire Hathaway
Liberty Mutual
Zurich Insurance
Travelers
Allianz
Tokio Marine
XL Group
ACE&Chubb
QBE
Beazley
