Market Overview:
The global accidental death and dismemberment insurance market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of accidental deaths and dismemberments, rising awareness about the benefits of accidental death and dismemberment insurance policies, and growing demand for personal accident coverages. The global accidental death and dismemberment insurance market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into personal injury claims, road traffic accidents, work accidents, other accidents. Personal injury claims accounted for a major share in 2017 owing to increasing incidences of road traffic accidents across different geographies. Road traffic accident is one of the leading causes for unintentional deaths globally accounting for more than 1 million fatalities each year according to World Health Organization (WHO). Work accident held second largest share in 2017 due to increased number workplace injuries across different industries worldwide. Other accident includes incidents such as slips & falls which often lead o serious injuries or fatalities if not treated timely .On basis if application ,the global AD&D insurancemarketis divided into personal accident coverageand enterpriseaccident coverage .
Product Definition:
Accidental Death and Dismemberment Insurance is a type of insurance that pays out a benefit if the policyholder dies or is injured in an accident. The policy may also pay out a benefit if the policyholder loses a limb or becomes partially or completely paralyzed as the result of an accident. Accidental death and dismemberment insurance is important because it can help provide financial security for the policyholder's family in case of an unexpected tragedy.
Personal Injury Claims:
Personal injury claims, it's usage.
*** Introduction *** The global personal injury claims market size was valued at USD 1,26,867.1 million in 2016.
Road Traffic Accidents:
Road traffic accidents (RTAs) are the leading cause of accidental death and injury worldwide. According to the Association for Safe International Road Travel (ASIRT), 1.35 million people die in road crashes every year, which is more than deaths caused by war, terrorism, and natural disasters combined.
Application Insights:
The global AD&D market is segmented on the basis of application into personal and enterprise. The personal application segment dominated the market in 2017, with over USD 300 billion in claims filed. This can be attributed to factors such as increasing awareness about death and dismemberment benefits among consumers, growing disposable income levels across developing countries, rising number of road accidents globally which are resulting in an increase in accidental death and dismemberment cases leading to higher demand for AD&D insurance policies.
The other applications include aviation disasters, medical malpractice/frauds or errors (patient harm), workplace accidents (lack of safety measures) etc., which together amounting less than 5% of total claim payments made by insurers worldwide annually. These types of claims are covered by general comprehensive insurance policies offered by most major international carriers including Lloyds Insurance Group plc., Swiss International Air Lines Ltd., American Airlines Group Inc., Asiana Airlines Co., Ltd.
Regional Analysis:
Europe dominated the global accidental death and dismemberment insurance market in terms of revenue share in 2017. The growth can be attributed to factors such as high prevalence of workplace injuries, road traffic accidents, and other hazards coupled with a large base of the aging population. In addition, stringent regulatory framework pertaining to employee benefits is also expected to drive demand for GADI products over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising awareness about GADI policies among employers as well as employees. Furthermore, economic development coupled with increasing disposable income levels will further propel demand for these products during the forecast period.
The accidental death and dismemberment industry in Canada was valued at USD X billion annually according to a study by Insurance Bureau Of Canada (IBC).
Growth Factors:
- Increasing awareness about the benefits of accidental death and dismemberment insurance policies
- Rising number of road accidents and fatalities across the globe
- Growing demand for coverage against accidental injuries
- Proliferation of online insurance platforms that offer affordable premiums
- Surge in the number of self-employed professionals and freelancers who need protection against unforeseen events
Scope Of The Report
Report Attributes
Report Details
Report Title
Accidental Death and Dismemberment Insurance Market Research Report
By Type
Personal Injury Claims, Road Traffic Accidents, Work Accidents, Other
By Application
Personal, Enterprise
By Companies
Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon, Dai-ichi Mutual Life Insurance, CPIC, Aviva, Munich Re Group, Zurich Financial Services, Nippon Life Insurance, Gerber Life Insurance, AIG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Accidental Death and Dismemberment Insurance Market Report Segments:
The global Accidental Death and Dismemberment Insurance market is segmented on the basis of:
Types
Personal Injury Claims, Road Traffic Accidents, Work Accidents, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz
- Assicurazioni Generali
- China Life Insurance
- MetLife
- PingAn
- AXA
- Sumitomo Life Insurance
- Aegon
- Dai-ichi Mutual Life Insurance
- CPIC
- Aviva
- Munich Re Group
- Zurich Financial Services
- Nippon Life Insurance
- Gerber Life Insurance
- AIG
Highlights of The Accidental Death and Dismemberment Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Personal Injury Claims
- Road Traffic Accidents
- Work Accidents
- Other
- By Application:
- Personal
- Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Accidental Death and Dismemberment Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Accidental Death and Dismemberment Insurance (AD&D) is a type of insurance that pays out if you are killed or injured as a result of an accident. The policy typically covers funeral expenses, medical bills, and lost wages.
Some of the major players in the accidental death and dismemberment insurance market are Allianz, Assicurazioni Generali, China Life Insurance, MetLife, PingAn, AXA, Sumitomo Life Insurance, Aegon, Dai-ichi Mutual Life Insurance, CPIC, Aviva, Munich Re Group, Zurich Financial Services, Nippon Life Insurance, Gerber Life Insurance, AIG.
The accidental death and dismemberment insurance market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Accidental Death and Dismemberment Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Accidental Death and Dismemberment Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Accidental Death and Dismemberment Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Accidental Death and Dismemberment Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Accidental Death and Dismemberment Insurance Market Size & Forecast, 2018-2028
4.5.1 Accidental Death and Dismemberment Insurance Market Size and Y-o-Y Growth
4.5.2 Accidental Death and Dismemberment Insurance Market Absolute $ Opportunity
Chapter 5 Global Accidental Death and Dismemberment Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Accidental Death and Dismemberment Insurance Market Size Forecast by Type
5.2.1 Personal Injury Claims
5.2.2 Road Traffic Accidents
5.2.3 Work Accidents
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Accidental Death and Dismemberment Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
6.2.1 Personal
6.2.2 Enterprise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Accidental Death and Dismemberment Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Accidental Death and Dismemberment Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Accidental Death and Dismemberment Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Accidental Death and Dismemberment Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Accidental Death and Dismemberment Insurance Market Size Forecast by Type
9.6.1 Personal Injury Claims
9.6.2 Road Traffic Accidents
9.6.3 Work Accidents
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
9.10.1 Personal
9.10.2 Enterprise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Accidental Death and Dismemberment Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Accidental Death and Dismemberment Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Accidental Death and Dismemberment Insurance Market Size Forecast by Type
10.6.1 Personal Injury Claims
10.6.2 Road Traffic Accidents
10.6.3 Work Accidents
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
10.10.1 Personal
10.10.2 Enterprise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Accidental Death and Dismemberment Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Accidental Death and Dismemberment Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Accidental Death and Dismemberment Insurance Market Size Forecast by Type
11.6.1 Personal Injury Claims
11.6.2 Road Traffic Accidents
11.6.3 Work Accidents
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
11.10.1 Personal
11.10.2 Enterprise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Accidental Death and Dismemberment Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Accidental Death and Dismemberment Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Accidental Death and Dismemberment Insurance Market Size Forecast by Type
12.6.1 Personal Injury Claims
12.6.2 Road Traffic Accidents
12.6.3 Work Accidents
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
12.10.1 Personal
12.10.2 Enterprise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Accidental Death and Dismemberment Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Accidental Death and Dismemberment Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Accidental Death and Dismemberment Insurance Market Size Forecast by Type
13.6.1 Personal Injury Claims
13.6.2 Road Traffic Accidents
13.6.3 Work Accidents
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Accidental Death and Dismemberment Insurance Market Size Forecast by Applications
13.10.1 Personal
13.10.2 Enterprise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Accidental Death and Dismemberment Insurance Market: Competitive Dashboard
14.2 Global Accidental Death and Dismemberment Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allianz
14.3.2 Assicurazioni Generali
14.3.3 China Life Insurance
14.3.4 MetLife
14.3.5 PingAn
14.3.6 AXA
14.3.7 Sumitomo Life Insurance
14.3.8 Aegon
14.3.9 Dai-ichi Mutual Life Insurance
14.3.10 CPIC
14.3.11 Aviva
14.3.12 Munich Re Group
14.3.13 Zurich Financial Services
14.3.14 Nippon Life Insurance
14.3.15 Gerber Life Insurance
14.3.16 AIG
