Accidental Death and Dismemberment Insurance (AD&D) is the additional benefit available to the policyholder’s nominee on the death of the policyholder. In other words, it is a category under the life insurance policy that pays out beneficiaries in the event of accidental death or dismemberment and also includes complete or partial loss of bodily functions, such as vision, hearing, loss of a limb, etc. Accidents covered by AD&D insurance may include Car accidents, Workspace injuries or death, Fire-related injuries or fatality, Accidents with firearms, Falls and other adverse accidents.
According to the research report, ‘Global Accidental Death and Dismemberment Insurance Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery’, states that Assicurazioni Generally, Sumitomo Life Insurance, Munich Re Group, CPIC, Aviva, Allianz, AXA, AEGON, Gerber Life Insurance, Nippon Life Insurance, MetLife, Zurich Financial Services, China Life Insurance, AIG, Pingan, and Dai-ichi Mutual Life Insurance are the leaders holding a dominant position in the Accidental Death and Dismemberment Insurance market globally. This report has incorporated different parameters through which the aforementioned companies exist and compete against each other. Some of them are – the performance of the company, sales, data information analysis, collaborative business strategy, recent development, regional presence, acquisitions, product and services offered by these companies, and many more. This report also reviews how far along the player stands in the competition with the efficient services they offer.
The Global Accidental Death and Dismemberment Insurance industry has been globally further segmented by Type (Personal Injury Claims, Road Traffic Accidents, Work Accidents, and Others), By Application/End-user (Personal and Enterprise). The report also includes a detailed analysis of the market type by region focusing on its sales, sales volume & revenue forecast. The regions acknowledged in this report are – North America (United States, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Others), Asia-Pacific (China, Japan, South Korea, Australia, and India), South America (Brazil, Argentina, and Columbia), The Middle East and Africa (UAE, Egypt, and South Africa).
Additionally, the report also has sections focusing essentially on the market as a whole such as market dynamics, market synopsis, and market trends (historic and current). Along with this, it also describes the consequences of covid 19 by discussing application details, data on sales and demand, recent technologies, various features of the market, and investment opportunities that can be tapped. The report also evaluates several growth-driving incentives, challenges, and restraints of the market. It examines the market quantitatively and qualitatively by outlining all the important segments influencing the market.
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In the forthcoming years, the Global Accidental Death and Dismemberment Insurance industry will continue to grow and is anticipated to increase at a considerable value in terms of revenue in USD million by the end of the year 2025 at a double-digit CAGR during the evaluation period (2020-2025). Increasing awareness among people about the benefits of having insurance can be called a key driving factor in fueling the demand for Accidental Death and Dismemberment Insurance globally.
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