Covid-19 Impact on Global Income Protection Insurance Market Size, Status and Forecast 2020-2026

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Income protection insurance (IPI) is an insurance policy, paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident.

The market is really fragmented. Top 10 manufacturers only occupied 20.96% market share in 2019.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Income Protection Insurance market in 2020.

COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

This report also analyses the impact of Coronavirus COVID-19 on the Income Protection Insurance industry.
Based on our recent survey, we have several different scenarios about the Income Protection Insurance YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 40730 million in 2019. The market size of Income Protection Insurance will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Income Protection Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Income Protection Insurance market in terms of revenue.
Players, stakeholders, and other participants in the global Income Protection Insurance market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on revenue and forecast by each application segment in terms of revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Income Protection Insurance market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.

Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Income Protection Insurance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Income Protection Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Income Protection Insurance market.

The following players are covered in this report:

  • Aviva
  • Legal & General
  • Fidelity Life
  • Royal London
  • VitalityLife
  • Generali
  • Allianz
  • AXA
  • LV= Liverpool Victoria
  • AIG Life
  • Income Protection Insurance Breakdown Data by Type
  • Short Term Income Protection Insurance
  • Long Term Income Protection Insurance
  • Long term income protection insurance is the most important market, with market shares of 70.45% in 2019.
  • Income Protection Insurance Breakdown Data by Application
  • Men
  • Women

The larger market by end users is men, with 54.75% market share in 2019.

Table of content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Income Protection Insurance Revenue
1.4 Market Analysis by Type
1.4.1 Global Income Protection Insurance Market Size Growth Rate by Type: 2020 VS 2026
1.4.2 Short Term Income Protection Insurance
1.4.3 Long Term Income Protection Insurance
1.5 Market by Application
1.5.1 Global Income Protection Insurance Market Share by Application: 2020 VS 2026
1.5.2 Men
1.5.3 Women
1.6 Coronavirus Disease 2019 (Covid-19): Income Protection Insurance Industry Impact
1.6.1 How the Covid-19 is Affecting the Income Protection Insurance Industry
1.6.1.1 Income Protection Insurance Business Impact Assessment – Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19?s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Income Protection Insurance Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Income Protection Insurance Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

2 Global Growth Trends by Regions
2.1 Income Protection Insurance Market Perspective (2015-2026)
2.2 Income Protection Insurance Growth Trends by Regions
2.2.1 Income Protection I

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