Disability Insurance - IBISWorld Industry Market Research

Disability Insurance

Disability Insurance - IBISWorld Industry Market Research
Disability Insurance
Published May 28, 2014
35 pages — Published May 28, 2014
Price US$ 910.00  |  Buy this Report Now

About This Report

  
Abstract:

This industry underwrites (i.e. assuming the risk and assigning premiums) disability insurance policies. Over the past five years, declining unemployment and relatively higher awareness of the consequences of disability have fueled growth in industry revenue. In 2013, the industry benefited tremendously from the gains made in capital markets, however, a slower-than-expected recovery in the labor markets, a decline in the number of policies and an increase in the benefit amount were enough to offset the gains, manifesting in a 1.1% decline in revenue. Going forward, this industry is expected to grow more slowly, closer to its historical average. The success of the industry will depend on being able to fully communicate the risks associated with disability and simplifying the various policies offered.

This industry underwrites (i.e. assuming the risk and assigning premiums) disability insurance policies. Disability insurance insures the beneficiary's earned income against the risk that a disability will render them unable to find full-time work in their chosen field. However, if an insured individual is deemed capable of working part time in a different field, they may not realize the full benefit of the insurance policy.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

  
Source:
Document ID
OD4761
Country
Report Type
US Special Collection
Format:
PDF Adobe Acrobat
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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

  
MLA:
IBISWorld Industry Market Research. "Disability Insurance" May 28, 2014. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Disability-Insurance-2042-3511>
  
APA:
IBISWorld Industry Market Research. (2014). Disability Insurance May 28, 2014. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Disability-Insurance-2042-3511>
  
US$ 910.00
$  £  
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