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市場調査レポート
商品コード
1292938
ディスアビリティ保険(所得補償保険)の世界市場2023-2030Global Disability Insurance Market 2023-2030 |
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カスタマイズ可能
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ディスアビリティ保険(所得補償保険)の世界市場2023-2030 |
出版日: 2023年05月23日
発行: Orion Market Research
ページ情報: 英文 115 Pages
納期: 2~3営業日
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世界のディスアビリティ保険(所得補償保険)市場は、予測期間中にCAGR 11.4%で成長すると予測されています。市場成長を後押ししている主な要因には、世界中で保険金請求件数が増加していることが挙げられます。社会保障庁の社会保障障害に関する年次統計報告によると、2021年12月、18~64歳の約1,150万人がディスアビリティを理由に給付を受けました。62%(720万人)が社会保障プログラムのみからの給付を受け、29%(330万人)が補足保障所得(SSI)プログラムのみからの給付を受け、9%(110万人)が両方のプログラムから同時に給付を受けています。
保険タイプ別では、雇用主提供のディスアビリティ保険が、熟練した従業員を保護し、競合他社に対する競争優位性を提供することから、市場シェアで突出しています。ハーバード大学が発表した報告書によると、過去数十年間におけるディスアビリティ保険加入者の劇的な増加は、米国をはじめとする先進国の政策立案者に懸念を抱かせています。米国では、2018年に850万人の元労働者が社会保障ディスアビリティ保険(SSDI)の給付を受けており、1988年の280万人、1998年の470万人から増加しています。
北米は2021年のディスアビリティ保険市場規模を支配し、予測期間中もその地位を維持すると予想されます。北米のディスアビリティ保険は、補償内容、給付内容、保険料がさまざまです。テクノロジーの利用が増加し、利用者の要件と利用可能な保険商品を知ることの重要性が北米市場の成長を促進しています。
Global Disability Insurance Market Size, Share & Trends Analysis Report by Insurance Type (Employer Supplied Disability Insurance, Individual Disability Insurance, High Limit Disability Insurance, Business Overhead Expense Disability Insurance, and Others), by End User (Government, Enterprise, and Individual), and by Coverage Type (Short Term Disability Insurance and Long Term Disability Insurance), Forecast Period (2023-2030)
The global disability insurance market is anticipated to grow at a CAGR of 11.4% during the forecast period. The primary factor boosting the market growth includes the increasing number of insurance claims across the globe. According to social security administration annual statistical report on the social security disability, in December 2021, about 11.5 million people aged 18-64 received benefits on the basis of disability. Sixty-two percent (7.2 million) received benefits from the Social Security program only, 29 percent (3.3 million) received benefits from the Supplemental Security Income (SSI) program only, and 9 percent (1.1 million) received benefits from both programs concurrently.
The global disability insurance market is segmented based on the Insurance type, end-user, and coverage type. Based on the Insurance type, the market is segmented into employer supplied disability insurance, individual disability insurance, high limit disability insurance, business overhead expense disability insurance, and others. Based on the end user, the market is sub-segmented into Government, Enterprise, and Individual. Further, based on coverage type the market is segmented into short term disability insurance and long term disability insurance. Among the coverage type, the business overhead expense disability insurance segment is expected to grow at the fastest rate during the forecast period because it protects the company from bankruptcy or losses during the employer's disability period.
In terms of insurance type, the employer-supplied disability insurance segment has the prominent market share because it protects skilled employees and provides a competitive advantage over competitors. According to Harvard University's published report, the dramatic rise of disability insurance participation over the last several decades has caused concern among policymakers in the US and other developed nations. In the U.S., 8.5 million former workers received Social Security Disability Insurance (SSDI) benefits in 2018, up from 2.8 million in 1988 and 4.7 million in 1998.
The global disability insurance market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to grow considerably over the forecast period. Increasing entrance of leading insurance providers, in the region are attributed the growth for the disability insurance market across the region. Increasing entrance of leading insurance providers and awareness towards disability insurance are attributed the growth for the disability insurance market across the region.
Global Disability Insurance Market Growth, by Region 2023-2030
Source: OMR Analysis
North America is expected to dominate the disability insurance market size in 2021 and is expected to maintain its position during the forecast period. Disability insurance policies in North America vary in term of coverage, benefits, and premiums. The increasing use for technology and the importance of knowing requirements of the user and available products of insurance is driving the North America market growth. The increasing number of favorable government initiatives towards disabilities, social securities for employees, are the factors leading the market. For instance, Social Security Disability Insurance (SSDI) is a government-run disability insurance program in the US that provides benefits to eligible individuals who have worked and paid into the social security system. The SSDI program pays benefits to certain family members if they are insured. This means that worked long enough and recently enough and paid social security taxes on their earnings. The SSI program pays benefits to adults and children who meet our requirements for a qualifying disability and have limited income and resources. Persons with disabilities face physical, financial, attitudinal, and other barriers to participating in society. Many of these barriers are systemic and long-standing. The Government of Canada is working with the disability community to remove those barriers, and to consciously create a more inclusive country. The work required to achieve this is extensive, and it requires meaningful and sustained action. In October 2022, the Government of Canada releases the national disability inclusion action plan, which consists of current and future actions, including programs, policies and investments that aim to improve the lives of persons with disabilities in Canada. The action plan has four initial pillars such as financial security, employment, accessible and inclusive communities, and a modern approach to disability.
The major companies serving the global Disability Insurance market include: Aegon N.V., Ping An Insurance, Ahana, Assurity Group, Inc., Allianz, Assicurazioni Generali SpA. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In December 2020, New York Life, America's mutual life insurer, acquired Cigna's group life, accident, and disability insurance business. This acquisition enhanced the company's product portfolio of strategic business, which supports the core retail life insurance franchise and bolsters the company's financial strength.
The Report Covers: