Le Lézard
Classified in: Health, Business
Subjects: DIS, MRR

Global Disability Insurance Market Surges with 11.4% CAGR, Providing Crucial Financial Support Amidst Escalating Insurance Claims

DUBLIN, Sept. 8, 2023 /PRNewswire/ -- The "Global Disability Insurance Market 2023-2030" report has been added to  ResearchAndMarkets.com's offering.


The global disability insurance market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.

Disability insurance plays a vital role in providing financial security to individuals and businesses when faced with disabilities that may prevent them from earning income. Several key factors are driving the growth of this market.

Increasing Insurance Claims:

One of the primary drivers of market growth is the escalating number of insurance claims across the globe. According to the Social Security Administration's annual statistical report on the Social Security Disability program, millions of people aged 18-64 received disability benefits as of December 2021. This data underscores the substantial demand for disability insurance products and services.

The beneficiaries include individuals who receive benefits from the Social Security program, the Supplemental Security Income (SSI) program, or both. The prevalence of disability benefit recipients underscores the critical role disability insurance plays in providing financial support to individuals and families during periods of disability.

Segmental Outlook:

The global disability insurance market is segmented based on various factors, including insurance type, end-user, and coverage type. These segments cater to different consumer needs and preferences. Some key segments include:

Regional Growth:

Market Players:

Several major companies operate in the global disability insurance market, including Aegon N.V., Ping An Insurance, Ahana, Assurity Group, Inc., Allianz, and Assicurazioni Generali SpA. These market players adopt various strategies to maintain competitiveness and capture a larger market share. Strategies include mergers and acquisitions, partnerships, collaborations, and the introduction of new disability insurance products to meet evolving customer needs.

For more information about this report visit https://www.researchandmarkets.com/r/dhk8t7

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg


SOURCE Research and Markets

These press releases may also interest you

at 11:13
Trulieve Cannabis Corp.  ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced that it has completed the redemption of all US$130,000,000 (Cdn$175,669,000) principal amount of its outstanding 9.75%...

at 10:42
UMF|PerfectCLEAN is requesting nominations for its second annual Education Hygiene Specialist Excellence Award, which acknowledges the contributions of custodial staff in schools across the country. The award provides managers and supervisors with an...

at 10:33
In 1983, John Fletcher and the late Peary Spaght founded Fletcher Spaght Inc (FSI) building on a collective 16 years of experience at The Boston Consulting Group (BCG).  Forty years later, FSI has earned a reputation for professional excellence and...

at 10:30
CHICAGO, Dec. 1, 2023 /PRNewswire/ -- Pharmaceutical Excipients Market in terms of revenue was estimated to be worth $10.7 billion in 2023 and is poised to reach $14.9 billion by 2028, growing at a CAGR of 6.8% from 2023 to 2028 according to a new...

at 10:30
Findhelp is releasing a short documentary about Siloam Wellness, a mind, body, and spiritual wellness center in Philadelphia for those living with HIV and AIDS on December 1, the 35th World AIDS Day. Findhelp is a technology company simplifying...

at 10:30
Mammogen, a pioneering leader in women's health and a subsidiary of early detection parent company, IVBH, is set to present groundbreaking clinical data at the 2023 San Antonio Breast Cancer Symposium (SABCS). The poster, titled "Development of a...

News published on and distributed by: