Market Overview:
The global domestic worker insurance market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into primary domestic worker insurance, middle rank domestic worker insurance and top rank domestic worker insurance. On the basis of application, the market is segmented into maids, manny’s and others. The global domestic worker insurance market is expected to grow at a CAGR of 5.5% from 2018 to 2030.
Product Definition:
A domestic worker is a person who works in a household. The term may refer to someone who cleans, cooks, or takes care of children or pets. Domestic worker insurance is insurance that provides coverage for domestic workers in the event of an accident or injury. This type of insurance is important because it can help protect domestic workers from financial hardship if they are injured while working.
Primary Domestic Worker Insurance:
Primary Domestic worker (PDW) insurance is a type of insurance offered to the employees by the employers in order to provide them accident cover, health cover and death benefit coverage. The primary domestic worker is employed by a family and lives with that family. In India, most of the households have one or more domestic workers who are not covered under any kind of social security or employee welfare scheme.
Middle Rank Domestic Worker Insurance:
Middle-rank domestic worker insurance is a type of insurance coverage available to employees working within the household sector in Saudi Arabia. The policy provides basic health and accident benefits to workers, their dependents, and other relatives. It also covers death benefits in case of loss of life or permanent disability due to work-related accidents or diseases.
The Saudi Arabian government has established regulations for the implementation of MRDWI through private insurers as well as employers' associations.
Application Insights:
The global domestic worker insurance market is segmented on the basis of application into maid, maitre d', butler, nanny and others. The maid segment held the largest share in 2016 owing to increasing awareness about providing safety net for its employees. In addition, a significant rise in employment of foreign domestic workers has contributed to the growth of this segment.
Butler and maitre d' segments are expected to witness lucrative growth over the forecast period due to rising demand for luxury services across various end-use industries globally. Butler service providers offer formal dining experience which is growing more popular among consumers looking for high class events at weddings or business meetings where fine cuisine is served.
Regional Analysis:
Asia Pacific dominated the global market in 2018 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing awareness regarding employee benefits, rising disposable income levels, and rapid urbanization & industrialization in developing economies such as India, China, Philippines and Indonesia. Moreover, a large number of international companies are investing heavily in these countries due to availability of cheap labor force coupled with easy access to resources. This factor is also expected to drive the demand for domestic worker insurance during forecast period.
The Middle East & Africa region is anticipated witness significant growth over the next eight years owing to increasing foreign investments by western countries such as U.S., U K., Germany etcetera coupled with high standard of living associated with high paying jobs within households across UAE-based employers including; householders/landlords or private individuals looking for housekeeping services or nanny/caregiver services among others).
Growth Factors:
- Increasing awareness about the benefits of insurance among domestic workers
- Rising disposable income of households in developing countries
- Growing demand for home-based services due to changing demographics and lifestyles
- Proliferation of micro-insurance products catering to the needs of low-income households
- Expansion of social protection programs that include coverage for domestic workers
Scope Of The Report
Report Attributes
Report Details
Report Title
Domestic Worker Insurance Market Research Report
By Type
Primary Domestic Worker Insurance, Middle Rank Domestic Worker Insurance, Top Rank Domestic Worker Insurance
By Application
Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027, Maid, Manny
By Companies
AIG, Generali, ZURICH, Income, FWD, Liberty Mutual, MSIG, SOMPO, EQ Insurance, HL Insurance
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Domestic Worker Insurance Market Report Segments:
The global Domestic Worker Insurance market is segmented on the basis of:
Types
Primary Domestic Worker Insurance, Middle Rank Domestic Worker Insurance, Top Rank Domestic Worker Insurance
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
Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027, Maid, Manny
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:
- AIG
- Generali
- ZURICH
- Income
- FWD
- Liberty Mutual
- MSIG
- SOMPO
- EQ Insurance
- HL Insurance
Highlights of The Domestic Worker 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:
- Primary Domestic Worker Insurance
- Middle Rank Domestic Worker Insurance
- Top Rank Domestic Worker Insurance
- By Application:
- Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
- Maid
- Manny
- 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 Domestic Worker 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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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?
Domestic worker insurance is a type of insurance that provides coverage for workers who are employed in a domestic setting. This includes workers who work in private homes, as well as those who work in restaurants, hotels, and other types of businesses.
Some of the major companies in the domestic worker insurance market are AIG, Generali, ZURICH, Income, FWD, Liberty Mutual, MSIG, SOMPO, EQ Insurance, HL Insurance.
The domestic worker insurance market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Domestic Worker 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 Domestic Worker Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Domestic Worker 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 Domestic Worker 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 Domestic Worker Insurance Market Size & Forecast, 2020-2028
4.5.1 Domestic Worker Insurance Market Size and Y-o-Y Growth
4.5.2 Domestic Worker Insurance Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Primary Domestic Worker Insurance
5.2.2 Middle Rank Domestic Worker Insurance
5.2.3 Top Rank Domestic Worker Insurance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
6.2.2 Maid
6.2.3 Manny
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Domestic Worker 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 Domestic Worker 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Primary Domestic Worker Insurance
9.6.2 Middle Rank Domestic Worker Insurance
9.6.3 Top Rank Domestic Worker Insurance
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 Market Size Forecast by Applications
9.10.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
9.10.2 Maid
9.10.3 Manny
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Primary Domestic Worker Insurance
10.6.2 Middle Rank Domestic Worker Insurance
10.6.3 Top Rank Domestic Worker Insurance
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 Market Size Forecast by Applications
10.10.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
10.10.2 Maid
10.10.3 Manny
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Primary Domestic Worker Insurance
11.6.2 Middle Rank Domestic Worker Insurance
11.6.3 Top Rank Domestic Worker Insurance
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 Market Size Forecast by Applications
11.10.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
11.10.2 Maid
11.10.3 Manny
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Primary Domestic Worker Insurance
12.6.2 Middle Rank Domestic Worker Insurance
12.6.3 Top Rank Domestic Worker Insurance
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 Market Size Forecast by Applications
12.10.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
12.10.2 Maid
12.10.3 Manny
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Primary Domestic Worker Insurance
13.6.2 Middle Rank Domestic Worker Insurance
13.6.3 Top Rank Domestic Worker Insurance
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) Market Size Forecast by Applications
13.10.1 Global Domestic Worker Insurance Market Share by Consumer Group: 2016 VS 2021 VS 2027
13.10.2 Maid
13.10.3 Manny
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 Domestic Worker Insurance Market: Competitive Dashboard
14.2 Global Domestic Worker Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AIG
14.3.2 Generali
14.3.3 ZURICH
14.3.4 Income
14.3.5 FWD
14.3.6 Liberty Mutual
14.3.7 MSIG
14.3.8 SOMPO
14.3.9 EQ Insurance
14.3.10 HL Insurance
