U.S. Group Level Disability Insurance Market Is Expected To Reach USD 49.31 Billion By 2030
San Francisco, 29 June 2023: The Report U.S. Group Level Disability Insurance Market Size, Share & Trends Analysis Report By Coverage Type, By Insurance Type, By Distribution Channel, By End-use, And Segment Forecasts, 2023 - 2030 The U.S. group level disability insurance market size is expected to reach USD 49.31 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market's growth can be attributed to the rising cost of healthcare in the U.S., which has led to an increased focus on protecting one's income in the event of a disability. Disability insurance can provide a safety net to help cover the costs of medical care and other expenses. The companies are increasingly turning to Artificial Intelligence (AI) and Machine Learning (ML) to improve efficiency, accuracy, and customer service. Predictive analytics, underwriting, claims processing, fraud detection, a...