Dublin–(business wire)–“Disability Insurance Market by Insurance Type, End User and Coverage Type: Global Opportunity Analysis and Industry Forecast, 2021-2031” report added. of ResearchAndMarkets.com Recruitment.
According to this report, the disability insurance market is valued at $3.3 billion in 2021 and is estimated to reach $9.2 billion by 2031, growing at a CAGR of 11.2% from 2022 to 2031.
Disability insurance, often referred to as DI or Disability Income Insurance, or Income Protection, is a form of insurance that insures a beneficiary’s earned income against the risk that a disability impairs core business performance. In addition, those whose employers do not provide benefits and self-employed people who want disability coverage can purchase insurance themselves.
In addition, individual insurance premiums and available benefits vary widely by company, profession, state, and country. In general, the higher the monthly benefit amount, the longer the benefit period, and the earlier the benefits start after the disability insurance claim, the higher the insurance premium.
Growing awareness of the benefits of disability insurance policies and tax incentives under various sections of the income tax law is driving the growth of the global disability insurance market. Moreover, the development of new offers and schemes by insurers has a positive impact on the growth of the disability insurance market.
However, lack of customer awareness hinders the growth of the disability insurance market. On the contrary, increasing government support for medical and health insurance is expected to offer rewarding opportunities for expanding the disability insurance market during the forecast period.
Main advantage
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This report provides a quantitative analysis of the market segments, current trends, estimates and dynamics of the Disability Insurance market analysis from 2021 to 2031 to identify general Disability Insurance market opportunities.
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Market research is provided with information related to key drivers, restraints, and opportunities.
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Porter’s five forces analysis highlights the potential of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen supplier-buyer networks.
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A detailed analysis of the Disability Insurance market segmentation helps to determine common market opportunities.
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Major countries in each region are mapped according to their revenue contribution to the global market.
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Market participant positioning facilitates benchmarking and provides a clear understanding of the current position of market participants.
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This report includes an analysis of regional and global disability insurance market trends, key players, market segments, application areas, and market growth strategies.
Major market segments
By insurance type
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personal disability insurance
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Upper limit disability insurance
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Business overhead disability insurance
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others
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Employer-provided disability insurance
By end user
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government
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enterprise
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individual
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Personal type
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Man
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Woman
By coverage type
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short-term disability insurance
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long-term disability insurance
By region
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North America
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we
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Canada
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Europe
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England
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Germany
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Netherlands
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France
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Spain
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rest of europe
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Asia Pacific
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China
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India
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Japan
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Korea
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Australia
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Rest of Asia Pacific
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Ramea
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Brazil
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Mexico
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United Arab Emirates
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Saudi Arabia
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South Africa
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Remains of Ramea
major market players
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Aegon NV
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Assurance Group Co., Ltd.
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Allianz SE
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assicurazioni generali spa
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Aviva
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AXA group
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Guardian Life Insurance Company
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illinois mutual
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Petersen International Underwriters (PIU)
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massmutual
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Mutual in Omaha
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MetLife Services and Solutions LLC .
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Ping An Insurance
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Nippon Life
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Zurich Insurance Group
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Asteya
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Ahana
For more information on this report, please visit https://www.researchandmarkets.com/r/i8t81v.
