Upcoming Allied Market Research
Unemployment Insurance Market

Unemployment Insurance Market

by Type (Structural Unemployment, Cyclical Unemployment, Frictional Unemployment, and Others) and Distribution Channel (Agents/Brokers, Direct Response, Banks, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14967
Pages: NA
Mar 2023 | 1057 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Unemployment Insurance Market

Request Now !

Unemployment insurance (UI), also known as unemployment benefits, is a type of state-funded insurance that pays out money every week for individuals losing their jobs. To avail the benefits from unemployment insurance, workers must comply with all work and wage requirements set by the respective countries globally. State governments across several countries are primarily responsible for disbursing the benefits, which are funded by payroll taxes. Therefore, lower employment during the lockdown and huge loss of income among consumers is expected to boost the unemployment insurance market in the near future.

"The Global unemployment insurance market is segmented on the basis of Type, Distribution Channel and region. Based on type, the market is divided into Structural Unemployment, Cyclical Unemployment, Frictional Unemployment. In terms of Distribution Channel, the market is categorized into Agents/Brokers, Direct Response, Banks. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

COVID-19 Scenario Analysis

  • COVID-19, a disease caused by a novel coronavirus, was declared a pandemic by the World Health Organization (WHO) on March 11, 2020. Several businesses were shut down, which therefore resulted in massive job losses.
  • Moreover, the pandemic has harmed several countries' ability to provide unemployment insurance (UI) to millions of workers, which further accelerated the demand for unemployment insurance during the global health crisis.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis:

The protection offered to workers against the risk of job loss and joint initiatives by state governments and central government is driving the market growth. However, the presence of a large informal sector in emerging economies is expected to hamper the market. Contrarily, the rise in the adoption of unemployment insurance schemes with the employment protection legislation (EPL) systems and the increase in the presence of online insurance can be seen as opportunities for the market.

The unemployment insurance market trends are as follows:

Presence of a Large Informal Sector:

Generally, in developing economies, the informal workers are unprotected against such negative shocks as ill-health, but for certain groups, there can be scarce opportunities to enter the formal sector. Informal employment is associated with many negative outcomes, such as tax evasion, corruption, illegal activities, low investment rates, misallocated resources, and uninsured workers.

The Rise in Adoption of Advanced Technologies:

Insurance businesses have increasingly adopted & implemented artificial intelligence, internet-of-things and blockchain technologies. These technologies aid in the addition of advanced capabilities such as easy accessibility and transparency to insurance claims and recording, which improves market accuracy. For instance, Tavant Technologies, a digital products & solutions company, has developed a blockchain-based digital solution that maximizes the usage of data-driven processes for the claim cycle. Therefore, the rise in the adoption of advanced technologies is expected to foster this unemployment insurance market in the upcoming years.

Key Benefits of the Report:

  • This study presents an analytical depiction of the unemployment insurance market size along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the unemployment insurance market share.     
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the unemployment insurance market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed market analysis depending on the present and future competitive intensity of the unemployment insurance market analysis.

Questions Answered in the Unemployment Insurance Market Research Report:    

  • Which are the leading players active in the unemployment insurance market?
  • What would be the detailed impact of COVID-19 on the unemployment insurance market forecast?
  • What are current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the unemployment insurance market?
  • What are the projections for the future that would help in taking further strategic steps?

Unemployment Insurance Market Report Highlights

Aspects Details
By Type
  • Structural Unemployment
  • Cyclical Unemployment
  • Frictional Unemployment
  • Others
By Distribution Channel
  • Agents/Brokers
  • Direct Response
  • Banks
  • Others
By Region
  • North America  (U.S, Canada)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players UC Alternative, Employers Edge, LLC, Unemployment Tracker, Personnel Planners, Equifax Workforce Solutions, Flex HR, G&A Partners, PrestigePEO, Axcet HR Solutions, Unemployment Insurance Services.

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Unemployment Insurance Market

Start reading.
This Report and over 19,650+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers