Marine Insurance Market By Type (Cargo Insurance, Hull & Machinery Insurance, Marine Liability Insurance, and Offshore/Energy Insurance), Distribution Channel (Wholesalers, Retail Brokers, and Others), and End User (Ship Owners, Traders, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028
- ALL4621641
- 210 Pages
- May 2021
- BFSI
Huge losses and higher concentrations of cargo in warehouses, ports & in transit are propelling the demand for marine insurance globally. In addition, increased implementation of telematics which enables real-time tracking & monitoring telematic information regarding the activity of insured vessels are major factors that drive the market growth. However, imposition of lockdown with stringent measures across several countries and sudden increments in marine insurance premiums are some of the factors that hamper the market growth.
On the contrary, developing economies, such as India, South Korea, Taiwan, and Vietnam, are witnessing high growth in their manufacturing sector. Therefore, expansion of business and supply of goods & services are expected to provide an immense opportunity to the marine insurance market. Moreover, several benefits such as facilitating loss prediction & prevention, risk monitoring, and simplifies claims processing provided with an incorporation of IoT promote the demand for marine insurance in the coming years.
The marine insurance market is segmented on the basis of type, distribution channel, end user, and region. By type, it is segregated into cargo insurance, hull & machinery insurance, marine liability insurance, and offshore/energy insurance. By distribution channel, it is segregated into wholesalers, retail brokers, and others. Based on end user, the market is segmented into ship owners, traders, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the marine insurance market such as Allianz, American International Group, Inc., Aon plc, Arthur J. Gallagher & Co., AXA, Chubb, Lloyd's, Lockton Companies, Marsh LLC, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the marine insurance industry.
Key Benefits For Stakeholders
• The study provides in-depth analysis of the global marine insurance market along with the current & future trends to illustrate the imminent investment pockets.
• Information about key drivers, restrains, & opportunities and their impact analysis on the global marine insurance market size are provided in the report.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
• The quantitative analysis of the global marine insurance market from 2021 to 2028 is provided to determine the market potential.
Key Market Segments
By Type
• Cargo Insurance
• Hull & Machinery Insurance
• Marine Liability Insurance
• Offshore/Energy Insurance
By Distribution Channel
• Wholesalers
• Retail Brokers
• Others
By End User
• Ship Owners
• Traders
• Others
By Region
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Rest of Europe
• Asia-Pacific
o China
o Japan
o South Korea
o Singapore
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Key market players
• Allianz
• American International Group, Inc.
• Aon plc
• Arthur J. Gallagher & Co.
• AXA
• Chubb
• Lloyd's
• Lockton Companies
• Marsh LLC
• Zurich
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3:MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2020
3.5.MARKET DYNAMICS
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 IMPACT ANALYSIS ON MARINE INSURANCE MARKET
3.6.1.Impact on marine insurance market size
3.6.2.Change in regulatory trends, preferences, and budget impact, owing to COVID-19
3.6.3.Framework for market challenges faced by marine insurance providers
3.6.4.Economic impact on marine insurance providers
3.6.5.Key player strategies to tackle negative impact on the industry
3.6.6. Opportunity analysis for marine insurance providers
CHAPTER 4:MARINE INSURANCE MARKET BY TYPE
4.1.OVERVIEW
4.2.CARGO INSURANCE
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.HULL & MACHINERY INSURANCE
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
4.4.MARINE LIABILITY INSURANCE
4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country
4.5.OFFSHORE/ENERGY INSURANCE
4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country
CHAPTER 5:MARINE INSURANCE MARKET BY DISTRIBUTION CHANNEL
5.1.OVERVIEW
5.2.WHOLESALERS
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country
5.3.RETAIL BROKERS
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
5.4.OTHERS
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country
CHAPTER 6:MARINE INSURANCE MARKET BY END USER
6.1.OVERVIEW
6.2.SHIP OWNERS
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country
6.3.TRADERS
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country
6.4.OTHERS
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country
CHAPTER 7:MARINE INSURANCE MARKET BY REGION
7.1.OVERVIEW
7.2.NORTH AMERICA
7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by distribution channel
7.2.4.Market size and forecast, by end user
7.2.5.Market size and forecast, by Country
7.2.6.U.S.
7.2.6.1.Market size and forecast, by type
7.2.6.2.Market size and forecast, by distribution channel
7.2.6.3.Market size and forecast, by end user
7.2.7.Canada
7.2.7.1.Market size and forecast, by type
7.2.7.2.Market size and forecast, by distribution channel
7.2.7.3.Market size and forecast, by end user
7.3.EUROPE
7.3.1.Key market trends and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by distribution channel
7.3.4.Market size and forecast, by end user
7.3.5.Market size and forecast, by Country
7.3.6.UK
7.3.6.1.Market size and forecast, by type
7.3.6.2.Market size and forecast, by distribution channel
7.3.6.3.Market size and forecast, by end user
7.3.7.Germany
7.3.7.1.Market size and forecast, by type
7.3.7.2.Market size and forecast, by distribution channel
7.3.7.3.Market size and forecast, by end user
7.3.8.France
7.3.8.1.Market size and forecast, by type
7.3.8.2.Market size and forecast, by distribution channel
7.3.8.3.Market size and forecast, by end user
7.3.9.Italy
7.3.9.1.Market size and forecast, by type
7.3.9.2.Market size and forecast, by distribution channel
7.3.9.3.Market size and forecast, by end user
7.3.10.Spain
7.3.10.1.Market size and forecast, by type
7.3.10.2.Market size and forecast, by distribution channel
7.3.10.3.Market size and forecast, by end user
7.3.11.Nordic Countries
7.3.11.1.Market size and forecast, by type
7.3.11.2.Market size and forecast, by distribution channel
7.3.11.3.Market size and forecast, by end user
7.3.12.Rest of Europe
7.3.12.1.Market size and forecast, by type
7.3.12.2.Market size and forecast, by distribution channel
7.3.12.3.Market size and forecast, by end user
7.4.ASIA-PACIFIC
7.4.1.Key market trends and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by distribution channel
7.4.4.Market size and forecast, by end user
7.4.5.Market size and forecast, by Country
7.4.6.China
7.4.6.1.Market size and forecast, by type
7.4.6.2.Market size and forecast, by distribution channel
7.4.6.3.Market size and forecast, by end user
7.4.7.Japan
7.4.7.1.Market size and forecast, by type
7.4.7.2.Market size and forecast, by distribution channel
7.4.7.3.Market size and forecast, by end user
7.4.8.South Korea
7.4.8.1.Market size and forecast, by type
7.4.8.2.Market size and forecast, by distribution channel
7.4.8.3.Market size and forecast, by end user
7.4.9.Singapore
7.4.9.1.Market size and forecast, by type
7.4.9.2.Market size and forecast, by distribution channel
7.4.9.3.Market size and forecast, by end user
7.4.10.India
7.4.10.1.Market size and forecast, by type
7.4.10.2.Market size and forecast, by distribution channel
7.4.10.3.Market size and forecast, by end user
7.4.11.Rest of Asia-Pacific
7.4.11.1.Market size and forecast, by type
7.4.11.2.Market size and forecast, by distribution channel
7.4.11.3.Market size and forecast, by end user
7.5.LAMEA
7.5.1.Key market trends and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by distribution channel
7.5.4.Market size and forecast, by end user
7.5.5.Market size and forecast, by Country
7.5.6.Latin America
7.5.6.1.Market size and forecast, by type
7.5.6.2.Market size and forecast, by distribution channel
7.5.6.3.Market size and forecast, by end user
7.5.7.Middle East
7.5.7.1.Market size and forecast, by type
7.5.7.2.Market size and forecast, by distribution channel
7.5.7.3.Market size and forecast, by end user
7.5.8.Africa
7.5.8.1.Market size and forecast, by type
7.5.8.2.Market size and forecast, by distribution channel
7.5.8.3.Market size and forecast, by end user
CHAPTER 8:COMPANY PROFILES
8.1.ALLIANZ
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.2.AMERICAN INTERNATIONAL GROUP, INC.
8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Business performance
8.2.7.Key strategic moves and developments
8.3.AON PLC
8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business performance
8.3.7.Key strategic moves and developments
8.4.ARTHUR J. GALLAGHER & CO.
8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business performance
8.4.7.Key strategic moves and developments
8.5.AXA
8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance
8.5.7.Key strategic moves and developments
8.6.CHUBB
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments
8.7.LLOYD'S
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments
8.8.LOCKTON COMPANIES
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments
8.9.MARSH LLC
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments
8.10.ZURICH
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments
TABLE 1.GLOBAL MARINE INSURANCE MARKET, BY TYPE 2020-2028 ($MILLION)
TABLE 2.MARINE INSURANCE MARKET FOR CARGO INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 3.MARINE INSURANCE MARKET FOR HULL & MACHINERY INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 4.MARINE INSURANCE MARKET FOR MARINE LIABILITY INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 5.MARINE INSURANCE MARKET FOR OFFSHORE/ENERGY INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 6.GLOBAL MARINE INSURANCE MARKET, BY DISTRIBUTION CHANNEL 2020-2028 ($MILLION)
TABLE 7.MARINE INSURANCE MARKET FOR WHOLESALERS, BY REGION, 2020-2028 ($MILLION)
TABLE 8.MARINE INSURANCE MARKET FOR RETAIL BROKERS, BY REGION, 2020-2028 ($MILLION)
TABLE 9.MARINE INSURANCE MARKET FOR OTHERS, BY REGION, 2020-2028 ($MILLION)
TABLE 10.GLOBAL MARINE INSURANCE MARKET, BY END USER 2020-2028 ($MILLION)
TABLE 11.MARINE INSURANCE MARKET FOR SHIP OWNERS, BY REGION, 2020-2028 ($MILLION)
TABLE 12.MARINE INSURANCE MARKET FOR TRADERS, BY REGION, 2020-2028 ($MILLION)
TABLE 13.MARINE INSURANCE MARKET FOR OTHERS, BY REGION, 2020-2028 ($MILLION)
TABLE 14.MARINE INSURANCE MARKET FOR , BY REGION, 2020-2028 ($MILLION)
TABLE 15.NORTH AMERICA MARINE INSURANCE, BY TYPE 2020-2028 ($MILLION)
TABLE 16.NORTH AMERICA MARINE INSURANCE, BY DISTRIBUTION CHANNEL 2020-2028 ($MILLION)
TABLE 17.NORTH AMERICA MARINE INSURANCE, BY END USER 2020-2028 ($MILLION)
TABLE 18.NORTH AMERICA MARINE INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 19.EUROPE MARINE INSURANCE, BY TYPE 2020-2028 ($MILLION)
TABLE 20.EUROPE MARINE INSURANCE, BY DISTRIBUTION CHANNEL 2020-2028 ($MILLION)
TABLE 21.EUROPE MARINE INSURANCE, BY END USER 2020-2028 ($MILLION)
TABLE 22.EUROPE MARINE INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 23.ASIA-PACIFIC MARINE INSURANCE, BY TYPE 2020-2028 ($MILLION)
TABLE 24.ASIA-PACIFIC MARINE INSURANCE, BY DISTRIBUTION CHANNEL 2020-2028 ($MILLION)
TABLE 25.ASIA-PACIFIC MARINE INSURANCE, BY END USER 2020-2028 ($MILLION)
TABLE 26.ASIA-PACIFIC MARINE INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 27.LAMEA MARINE INSURANCE, BY TYPE 2020-2028 ($MILLION)
TABLE 28.LAMEA MARINE INSURANCE, BY DISTRIBUTION CHANNEL 2020-2028 ($MILLION)
TABLE 29.LAMEA MARINE INSURANCE, BY END USER 2020-2028 ($MILLION)
TABLE 30.LAMEA MARINE INSURANCE, BY REGION, 2020-2028 ($MILLION)
TABLE 31.ALLIANZ : COMPANY SNAPSHOT
TABLE 32.ALLIANZ : OPERATING SEGMENTS
TABLE 33.AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 34.AMERICAN INTERNATIONAL GROUP, INC.: OPERATING SEGMENTS
TABLE 35.AON PLC: COMPANY SNAPSHOT
TABLE 36.AON PLC: OPERATING SEGMENTS
TABLE 37.ARTHUR J. GALLAGHER & CO.: COMPANY SNAPSHOT
TABLE 38.ARTHUR J. GALLAGHER & CO.: OPERATING SEGMENTS
TABLE 39.AXA: COMPANY SNAPSHOT
TABLE 40.AXA: OPERATING SEGMENTS
TABLE 41.CHUBB: COMPANY SNAPSHOT
TABLE 42.CHUBB: OPERATING SEGMENTS
TABLE 43.LLOYD'S: COMPANY SNAPSHOT
TABLE 44.LLOYD'S: OPERATING SEGMENTS
TABLE 45.LOCKTON COMPANIES: COMPANY SNAPSHOT
TABLE 46.LOCKTON COMPANIES: OPERATING SEGMENTS
TABLE 47.MARSH LLC: COMPANY SNAPSHOT
TABLE 48.MARSH LLC: OPERATING SEGMENTS
TABLE 49.ZURICH: COMPANY SNAPSHOT
TABLE 50.ZURICH: OPERATING SEGMENTS
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