Procurement Market Intelligence Report
Disability Insurance
Sourcing Guide & Market Intelligence
Smarter cost management starts with comprehensive market intelligence
United States
Global
Quick Navigation
Disability Insurance Global Overview
Definition
Summary
This report is intended to assist buyers of disability insurance, also known as disability income insurance. Disability insurance offers income protection to individuals who become disabled for a period of time and cannot keep their jobs because they can no longer perform their core functions. This type of insurance is typically offered by large-scale insurance providers that offer a broad scope of insurance plans, but buyers can also purchase disability from small-scale specialized providers.
This Report Includes:
- Business Overhead Expense Disability Insurance
- Employer-Supplied Disability Insurance
- High-Limit Disability Insurance
- Individual Disability Insurance
Not in this Report:
- Workers' Compensation Insurance
- Group Health Insurance
- Dental Insurance
- Vision Insurance
Global Disability Insurance Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 1,130 |
| #2 United States | 800 |
| #3 Europe | 725 |
Explore supplier concentration across the globe
We've uncovered the 11 top regions for global procurement, based on feedback from our most strategic clients. Access vendor counts for each unique region when you subscribe.
2
Geography Drilldown - US
Average Cost of Disability Insurance
United States
2026 Market Pricing$11.88 to $XX.XX
per $1,000 of coverageAverage Price
Prices in the Disability Insurance market range from $11.88 to $XX.XX, depending on Elimination Period, Benefit Amount, Buyer's Industry and Company Demographics. For example, lower prices are associated with Longer elimination period, whereas higher prices are associated with Shorter elimination period.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Disability Insurance Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Disability Insurance market, prices in the US have grown 1.2% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Disability Insurance
Total cost of ownership is Low in the Disability Insurance market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Duties & Taxes may raise the total cost of ownership unexpectedly.
Unforeseen
Duties & Taxes
Emergencies
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.3 in the United States. Buyer power is most positively impacted by Availability of Substitutes. It is most negatively impacted by Recent Price Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Custody, Asset & Security Service Providers
- Portfolio Managers
- Copier & Office Equipment Wholesalers
2nd
Tier Suppliers
- Investment Bankers
- Securities Brokers
- Computer Equipment Manufacturers
Biggest Disability Insurance Suppliers in the US by Revenue
The largest Disability Insurance vendors by revenue in the US are Prudential Financial, Inc., Humana Inc. and Unum Group. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Unitedhealth Group Incorporated | Global | EDEN PRAIRIE | >10,000 | 10-15 | ||||
| Unum Group | International | CHATTANOOGA, TN | >10,000 | 10-15 | ||||
| Prudential Financial, Inc. | International | 10-15 | ||||||
| Cvs Health Corporation | National | WOONSOCKET, RI | >10,000 | 5-10 | ||||
| Anthem, Inc. | National | INDIANAPOLIS, IN | >10,000 | 5-10 | ||||
| Cigna Corp | Global | BLOOMFIELD | >10,000 | < 5 | ||||
| Humana Inc. | National | LOUISVILLE | >10,000 | < 5 | ||||
| Metlife, Inc. | Global | New York | >10,000 | < 5 | ||||
| Aflac Inc. | Global | COLUMBUS, GA | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Disability Insurance market is % and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is . The cost trend for this component is not available, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Vendors face moderate financial risk, as most states do not require businesses to offer disability insurance, leading individual buyers—who lack the volume discounts of group policies—to pay higher rates.
The market has a moderate market share concentration, with the top four vendors accounting for nearly half the total market revenue. However, despite this, competition is still fairly high due to the number of major insurance providers available.
The supply chain for disability insurance carries a moderate degree of risk, indicating that buyers have a slightly higher chance of experiencing service disruptions due to issues in the vendor's upstream supply chain.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Prudential Financial, Inc.
Prudential Financial, Inc. is a private company operating internationally in the finance & insurance sector. The company's offerings include investment management services, commercial mortgage financing, life insurance and disability insurance. Founded in 1900,. Subscribe to learn more
Unitedhealth Group Incorporated
Unitedhealth Group Incorporated is a public company operating globally in the finance and insurance, professional, scientific and technical services and healthcare and social assistance sectors. The company's offerings include flexible spending account management services, healthcare consulting services, Subscribe to learn more
Unum Group
Unum Group is a public company operating internationally in the finance and insurance sector. The company's offerings include disability insurance. Founded in 1848, the company is currently headquartered in CHATTANOOGA, Tennessee, United States of America with an estimated 10937 employees. Subscribe to learn more
Anthem, Inc.
Elevance Health, Inc. is a health benefits company that provides network-based, managed care, and risk-based plans to individuals, groups, and Medicaid and Medicare markets. It offers fee-based customers claims processing, stop-loss insurance, provider network access, medical management, care management, Subscribe to learn more
Cvs Health Corporation
Cvs Health Corporation is a public company operating nationally in the manufacturing and finance and insurance sectors. The company's offerings include personal paper products, pharmacy benefit management services, group health insurance, disability insurance, vision insurance. Founded in 1963, the company... Subscribe to learn more
Aflac Inc.
Aflac Inc. is a public company operating globally in the finance and insurance sector. The company's offerings include life insurance, disability insurance, vision insurance and group dental insurance. Founded in 1955, the company is currently headquartered in COLUMBUS, Georgia, United States of America with... Subscribe to learn more
Cigna Corp
Cigna Corp is a public company operating globally in the finance and insurance sector. The company's offerings include flexible spending account management services, pharmacy benefit management services, group health insurance, disability insurance, vision insurance. Founded in 1792, the company is currently... Subscribe to learn more
Humana Inc.
Humana Inc. is engaged in providing medical and specialty insurance products and an integrated healthcare services delivery model. It organizes its business into two reportable segments: the Insurance segment, which retails medical and supplemental benefit plans to Medicare and state-based contract beneficiaries... Subscribe to learn more
Massachusetts Mutual Life Insurance Co
Massachusetts Mutual Life Insurance Co is a private company operating nationally in the finance & insurance sector. The company's offerings include equipment financing services, life insurance, disability insurance and 401(k) administration services. Founded in 1851, the company is currently headquartered... Subscribe to learn more
Accelerate the vendor selection process
Get a clear picture of the competition in a market and discover which vendors are best-suited for your sourcing needs. Our supplier profiles include hard-to-find financial ranges for private companies, cover public company data and feature an interactive competitor matrix.
Procurement Management KPIs for the Disability Insurance Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Average Response Time. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Claim Resolution Time Frame and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Reimbursement timeframe Total claim processing time |
Vendors should provide prompt payments to eligible employees. Excessive timeframes between filing a claim and paying the employee may indicate a poor insurance provider. |
| Average Response Time |
|
Time to respond to policyholders Time to respond to contact from employer |
Insurance providers should provide high-quality customer service and respond to outreach from policyholders and employers in an appropriate time frame. Excessive response times may indicate poor customer support and delay payments to those requiring disability payments. |
|
|||
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Quality Control
Have you had any major complaints from customers in the past?
How have you dealt with past complaints?
Price
How do you arrive at the policy premiums you charge clients?
Do you charge any additional fees to clients?
Staff Turnover
What qualifications do you look for when hiring new employees?
How do you retain qualified employees?
The ultimate prep for procurement negotations
View all 25 negotiation questions for this category when you subscribe.
Disability Insurance RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide an organizational background that includes information about their company's activities, size, and location.
Buyers should outline the goals they wish to achieve when purchasing disability insurance.
Statement Of Need
Buyers should state what benefits they wish to include in the disability insurance plan.
Buyers should state what events and incidents are covered by the disability insurance.
Project Budget
Buyers should state their budget for the contract on an annual basis.
Buyers should state their payment expectations, including how they would like to pay and at what frequency they would like to make payments.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
