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, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.
In 2018, the global Disability Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Disability Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Disability Insurance development in United States, Europe and China.
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The key players covered in this study
China Life Insurance
Sumitomo Life Insurance
Dai-ichi Mutual Life Insurance
Munich Re Group
Zurich Financial Services
Nippon Life Insurance
Gerber Life Insurance
Market Drivers and Restraints
The report has explored several key dynamics that have a solid influence over the Disability Insurance market. This report studied the value trends, volume trends, and the pricing history of the market for the forecast period. Also, the report mentions different market drivers, restraints, as well as opportunities to gain an insightful understanding of the market.
Detailed Regional Analysis
The global Disability Insurance market has been analyzed in detail on a global as well as a regional level. The report comprises a regional analysis for North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. For each of these regions, the report has included a study of the market extensively, taking the outlook, opportunities, and the latest trends into consideration.
Method of Research
The methodology Disability Insurance market is done with the help of a compilation of the market information that is explained through known parameters of Porter’s Five Force Model. The current data analysis is also performed to produce an authentic and accurate forecast of the market. The research procedure is tagged as extensive, which is categorized into steps such as namely primary and secondary researches. With the help of such analysis, the possibility of a better understanding of the market is obtained through a competitive landscape in terms of parameters of strength, opportunities, weaknesses as well as threats related to the industry. This will, hence, bring out the future aspects to the business leaders worldwide. The Disability Insurance market report also focuses on various levels of analysis such as company profile, ongoing trends and production line, which comprise of a basic view on the market’s growth, drivers, restraints, challenges, and opportunities.
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