One-Year Accident Insurance Market Report 2026

The one-year accident insurance market size has grown strongly in recent years. It will grow from $3.35 billion in 2025 to $3.63 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to growth in personal accident risk awareness, expansion of digital insurance distribution channels, increasing affordability of short-term policies, rising adoption among gig workers, improved accessibility of online insurance platforms.

The one-year accident insurance market size is expected to see strong growth in the next few years. It will grow to $4.94 billion in 2030 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to growing demand for usage-based insurance models, rising integration of ai-driven underwriting, expansion of micro and short-duration insurance products, increasing regulatory support for digital insurance, higher focus on customer-centric policy design. Major trends in the forecast period include increasing adoption of short-term digital insurance policies, rising demand for online policy issuance and claims processing, growing integration of mobile-based insurance platforms, expansion of flexible coverage customization options, enhanced focus on fast claims settlement mechanisms.

The rising incidence of road and workplace accidents is anticipated to drive the expansion of the one-year accident insurance market in the coming years. Road and workplace accidents are defined as unforeseen events occurring on roads or at work sites that lead to injury, harm, or loss to the individuals involved. The increase in road and workplace accidents, driven by urbanization and infrastructure pressure - where rapid urban growth results in congested roads and overcrowded workplaces - heightens the likelihood of such incidents. One-year accident insurance provides financial support for treatment, hospitalization, or disability arising from road and workplace accidents, ensuring prompt compensation and reducing financial strain on families. For example, in July 2025, a report by the Bureau of Infrastructure and Transport Research Economics (BITRE), an Australian government agency, indicated that there were 1,340 road deaths in 2025, marking a 2.9% increase compared to the 12 months ending July 2024. Consequently, the growing number of road and workplace accidents is fueling the growth of the one-year accident insurance market.

Major companies in the one-year accident insurance market are introducing advanced solutions, such as annual premium insurance, to provide affordable, easy-to-renew coverage that ensures continuous protection against accidental risks. Annual premium insurance involves paying a yearly premium, covering the policyholder for a full 12 months and offering uninterrupted, hassle-free protection. For example, in September 2024, India Post Payments Bank (IPPB) launched an accident insurance scheme providing coverage between ₹10 lakh and ₹15 lakh with low annual premiums of ₹520 to ₹799. The scheme targets individuals aged 18 to 65 with IPPB accounts and offers benefits for accidental death, permanent or partial disability, and accident-related expenses such as hospital and transportation costs. Additional features include educational support for two children, daily hospital expense coverage, and mental and physical health guidance. The premium account can be opened with as little as ₹200, and yearly renewal is required to maintain coverage.

In November 2024, A-G Specialty Insurance, a U.S.-based insurance agency, acquired First Agency TPA for an undisclosed amount. This acquisition is intended to expand A-G Specialty Insurance’s offerings by leveraging First Agency’s expertise in student and athletic accident coverage, as well as special-risk insurance. The move strengthens A-G’s presence in the third-party administrator (TPA) market, improving claims processing and insurance management for schools, students, and youth programs nationwide. First Agency TPA provides blanket accident insurance, typically covering an entire season or school year, spanning multiple months or a full year.

Major companies operating in the one-year accident insurance market are Allianz SE, China Life Insurance Company Limited, Banco Bradesco SA, China Pacific Insurance (Group) Co. Ltd., Banco Bilbao Vizcaya Argentaria S.A., Crédit Agricole S.A., Aegon N.V., AIA Group Limited, Achmea B.V., Policybazaar, Hanwha Life Insurance Co. Ltd., Assurant Inc., HDFC Life Insurance Company Limited, ICICI Prudential Life Insurance Company Limited, Grupo Nacional Provincial S.A.B., The Great Eastern Life Assurance Company Limited, BNP Paribas Cardif, Garanti Emeklilik ve Hayat A.Ş., AlfaStrakhovanie Group, Assicurazioni Generali S.p.A.

Asia-Pacific was the largest region in the one-year accident insurance market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the one-year accident insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the one-year accident insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The one-year accident insurance market includes revenues earned by entities by providing services such as short-term personal accident insurance policies, emergency assistance services, and value-added services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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