Report overview
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 contains market size and forecasts of Disability Insurance in Global, including the following market information:
Global Disability Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Disability 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.
Employer-Supplied Disability Insurance Segment to Reach $ Million by 2028, 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 2021, 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, 2017-2022, 2023-2028 ($ millions)
Global Disability Insurance Market Segment Percentages, by Type, 2021 (%)
Employer-Supplied Disability Insurance
Individual Disability Insurance
High-Limit Disability Insurance
Business Overhead Expense Disability Insurance
Others
Global Disability Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Disability Insurance Market Segment Percentages, by Application, 2021 (%)
Government
Enterprise
Others
Global Disability Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Disability 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 Disability Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Disability Insurance revenues share in global market, 2021 (%)
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
