Marine Insurance Market size to Increase by USD 4.2 Bn | Featuring Top Vendors Including Allianz Group, American International Group Inc., and Aon Plc

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Key Points of Marine Insurance Market Study

  • Increasing the size of the marine insurance market by 4.2 billion USD At a compound annual growth rate of about 3% between 2020 and 2025
  • 2.07% annual growth expected in 2021
  • 52% market growth to start in Europe During the forecast period
  • The freight segment represents the maximum growth in the market in 2020
  • Among the dominant sellers are Allianz Group, American International Group, ONPLC, and others

Marine Insurance Market: Growth Factors and Constraints
The marine insurance market is driven by the use of multiple distribution channels. Technological advances, digitization, analytics and the emergence of digital enterprise platforms have led to an increased use of online portals and improved customer experience. In addition, creating multi-vendor distribution channels helps to reach a wider audience, especially in emerging regions. With the growth of distribution channels, the demand for insurance for various products has increased exponentially over the years. Besides, the introduction of regulations mandating the use of insurance products is expected to positively affect market growth during the forecast period.

“Although an increase in premium contribution from emerging markets and improvements in industry regulations will further boost market growth, lower profitability may reduce growth opportunities for market players,” says an analyst at Technavio.

The Marine Insurance market report answers questions such as:

  • Is the market structure fragmented or concentrated?
  • What will be the market size in 2020 and the marine insurance market forecast to 2025?
  • What are the best sectors areas to invest in during the forecast period?
  • What is the market share of the dominant and powerful vendors in the Marine Insurance market?
  • What are the latest trends and regulatory frameworks in the marine insurance market?

Get answers to all your questions in our full report.

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Marine insurance market scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Accelerate at a compound annual growth rate of around 3%

Market Growth 2021-2025

4.20 billion US dollars

Market Structure, Market Structure

fragmented

Annual Growth (%)

2.07

Regional Analysis

Europe, Asia Pacific, South America, Middle East, Africa and North America

Market share performance

Europe at 52%

Main consuming countries

UK, Germany, China, France and Singapore

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Allianz Group and American International Group Inc. and Aon Plc, Arthur J. Gallagher and Co. and AXA Group, Beazley Plc, Brown and Brown Inc. and Lockton Companies, Marsh and McLennan Companies Inc. and Swiss Re Ltd.

market dynamics

Key market analysis, market growth triggers and obstacles, analysis of fast-growing and slow-growing segments, impact of COVID-19 and future consumer dynamics, market status analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

Market Scope Table:

Table of contents:

Executive Summary

market view

  • Market Ecosystem
  • value chain analysis

Market scaling… View our marine insurance market snapshot To open the table of contents

information about us
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

Call:
Technavio Research
Jesse Maeda
Marketing and Media Executive
United States: +1844364 1100
United Kingdom: +44 203893 3200
email: [email protected]
website: www.technavio.com/

The source is Technavio

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