According to the recent study the Commercial Insurance Market is projected to reach an estimated $XX billion by 2027 from $XX billion in 2021, at a CAGR of 7% to 9% from 2021 to 2027. Growth in this market is primarily driven by growing awareness among enterprises to protect assets and well-being of employees, rising numbers of insurance providers and lucrative offers at low premium costs, government initiatives to encourage business owners to purchase insurances, and competition among enterprises to protect their reputation.
Browse XX figures /
charts and XX tables in this 150 -page report to understand trends,
opportunities and forecast in commercial insurance market by type (liability
insurance, commercial motor insurance, commercial property insurance, marine
insurance, and others), by enterprise (large enterprises and small and
medium-sized enterprises) by distribution channel (agents and brokers, direct
response, and others) end use industry (manufacturing, construction,
transportation and logistics, IT and telecom, healthcare, and energy and
utilities, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Download sample report by clicking
on below link https://www.lucintel.com/commercial-insurance-market.aspx
“Liability insurance market is expected
to remain the largest segment during the forecast period.”
Based on type, the
commercial insurance market is segmented into liability insurance, commercial
motor insurance, commercial property insurance, marine insurance, and others.
Lucintel forecasts that the liability insurance market is expected to remain
the largest segment due to the benefits covered under this insurance policy
including covering all types of damages caused by the business to another
person or party thereby protecting the business owners from unanticipated
financial losses.
“Within the commercial insurance market, the transportation &
logistics segment is expected to remain the largest industry verticals.”
Based on industry verticals
the transportation & logistics segment is expected to witness the highest
growth over the forecast period due to rapid growth and development in port,
marine, and road transportation specifically in emerging economies, fear of
unpredictable loss considering sensitivity and numerous risks associated with
shipping, and increased demand for E-commerce and online shopping.
“North America will dominate the commercial insurance market in
near future.”
North America is
expected to remain the largest market due to adoption of advanced technologies
including artificial intelligence (AI), digitization, ease in services by
allowing online applications and approvals, chatbots, and well-structured IT
infrastructure between the distribution channels.
Download Brochure of this report by clicking on https://www.lucintel.com/commercial-insurance-market.aspx
Major players of
commercial insurance market are adopting various growth strategies like new
product launches, expansions, merger and acquisitions, partnerships,
agreements, and collaborations to expand their presence in this market. Allianz,
American International Group, Inc., Aon plc, Aviva, AXA, Chubb, Direct Line
Insurance Group plc, Marsh, Willis Towers Watson, and Zurich are among the
major commercial insurance providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/commercial-insurance-market.aspx or helpdesk@lucintel.com.
About Lucintel
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
No comments:
Post a Comment