Marine Insurance Market Report 2022-2027 by Kanika Sharma

Global Marine Insurance Market Research Report 2022-2027

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Report Description

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Report Description and Highlights Report Description Global Marine Insurance Market Outlook 2022-2027: The latest report by IMARC Group, titled “Marine Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global marine insurance market size reached US$ 31.4 Billion in 2021. Marine insurance refers to a type of insurance policy that covers the loss and damage of ships, cargo vessels, and terminals. It also includes other means of transportation by which goods are transferred between the point of origin and the final destination. It provides financial coverage against all potential marine-related perils exposed to the insured goods during transit. In recent years, marine insurance has gained immense popularity due to its flexibility, comprehensive coverage, hassle-free claim settlements, and easy customization according to customers’ needs. Request for a PDF sample of this report: https://www.imarcgroup.com/marine-insurance-market/requestsample

Report Description and Highlights

Report Description

Global Marine Insurance Market Drivers/Constraints: Marine insurance is usually required during import and export trade proceedings to meet the strict regulatory compliance of different countries. As a result, the increasing export activities across the globe represent the primary factor driving the market growth. In addition, governments of various countries are introducing stringent policies mandating marine insurance for vessels used in commercial transportation. Along with this, the implementation of favorable government initiatives to promote local manufacturing and international trade has augmented the product demand to insure goods or cargo against potential accidents. Moreover, with the expanding e-commerce industry, the rising adoption of marine shipping to carry out cross-border transportation of goods and expand product reach has catalyzed the market growth. Furthermore, several key players are leveraging advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), for calculating existing and predicting future risks accurately to enhance risk management and streamline claim processing. They are also offering new plans that cover the risk of theft, malicious damage, and non-delivery of goods and losses incurred due to fire, explosion, accidents, collisions, overturning, and hijacks, which has accelerated product adoption rates. On account of these factors, Looking forward, IMARC Group expects the market value to reach US$ 39.2 Billion by 2027, growing at a CAGR of 3.65% during the forecast period (2022-2027). View Report TOC, Figures and Tables: https://www.imarcgroup.com/marine-insurance-market

Report Description and Highlights

Report Description Key Market Segmentation

The research report includes the following segments:

Breakup by Type:

•Cargo Insurance •Hull and Machinery Insurance •Marine Liability Insurance •Offshore/Energy Insurance

Report Description and Highlights

Report Description

Breakup by Distribution Channel: •Wholesalers •Retail Brokers •Others

Breakup by End User:

•Ship Owners •Traders •Others

Report Description and Highlights

Report Description Breakup by Region:

•North America (United States, Canada) •Europe (Germany, France, United Kingdom, Italy, Spain, Others) •Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) •Latin America (Brazil, Mexico, Others) •Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others) Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click here: https://www.imarcgroup.com/request?type=report&id=4690&flag=E

Report Description and Highlights

Report Description Competitive Landscape: • • • • • • • • • • • • • • •

Allianz SE, American International Group Inc., Aon plc, Arthur J. Gallagher & Co., AXA S.A., Beazley Group, Brown & Brown Inc., Chubb Limited, Lloyd's of London, Lockton Companies, Marsh & McLennan Companies Inc., QBE Insurance Group Limited, Swiss Re, Willis Towers Watson Public Limited Company Zurich Insurance Group Ltd.

Key Questions Answered in the Report

Report Description

Key Questions Answered in This Report:

•How has the global marine insurance market performed so far and how will it perform in the coming years? •What has been the impact of COVID-19 on the global marine insurance market? •What are the key regional markets? •What is the breakup of the market based on the type? •What is the breakup of the market based on the distribution channel? •What is the breakup of the market based on the end user? •What are the various stages in the value chain of the industry? •What are the key driving factors and challenges in the industry? •What is the structure of the global marine insurance market and who are the key players? •What is the degree of competition in the industry?

Report Description 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology

3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends

Table of Contents

Report Description

Table of Contents

5 Global Marine Insurance Market 5.1 5.2 5.3 5.4

Market Overview Market Performance Impact of COVID-19 Market Forecast

A partial List of

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

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