Accidental Death Insurance Market Scope and Analysis by 2031
Accidental Death Insurance Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 71.34 Billion |
Market Size by 2031 | US$ 111.56 Billion |
Global CAGR (2023 - 2031) | 5.7% |
Historical Data | 2021-2023 |
Forecast period | 2023-2031 |
Segments Covered |
By Distribution Channel
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The "Accidental Death Insurance Market Analysis" was carried out based on type, application, distribution channel, and geography. In terms of type, the market is segmented into personal injury claims, road traffic accidents, workplace accidents, and general-purpose reloadable cards. In terms of application, the market is segmented into enterprise and personal. By distribution channel, the market is distributed into direct marketing, bancassurance, agencies, e-commerce, and brokers. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Accidental Death Insurance
Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the accidental death insurance market. A few recent key market developments are listed below:
- In January 2024, MSIG Insurance introduced a new comprehensive personal accident plan, PA Recovery Plus, crafted to safeguard individuals at numerous life stages. In the event of permanent disability or accidental death, PA RecoveryPlus ensures financial security through payouts. The coverage extends to vital benefits, including daily hospital income and reimbursement for medical expenses, as well as alternative treatments.
(Source: MSIG Insurance, Company Website)
Accidental Death Insurance
Market Report Coverage & Deliverables
The market report "Accidental Death Insurance Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.