Global Logistics Insurance Market to Grow at a CAGR of 2.3%, 2017-2021 with AGCS, AIG, Aon, AXA, Integrity Transportation Insurance Agency, Liberty Mutual Insurance & Marsh Dominating
The "Global Logistics Insurance Market 2017-2021" report has been added to
The global logistics insurance market to grow at a CAGR of 2.35% during the period 2017-2021.
The report, Global Logistics Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the increasing popularity of tracking cargos among shippers. Technology is being adopted across various industries in the world. Similarly, a trend to track cargos across logistics chain is seen. Companies are offering various technologies to track the location of trucks or trailers. For example, Novacom Europe is one of the leading companies in trailer telematics. The service is called Trailermatics. The company uses satellite or general packet radio service (GPRS) along with global positioning system (GPS) to continuously monitor trailers or trucks. It also offers an extra range of information as per needs.
According to the report, one of the major drivers for this market is the increase in number of cargo thefts. It is observed that the number of cargo thefts is increasing. The total loss in the year 2015 because of cargo theft amounted to
Further, the report states that one of the major factors hindering the growth of this market is the hard insurance market characteristics. The opposite phenomenon is wherein immediately after a catastrophic event, the market prices of insurance reach significantly high. The hard insurance market is highly depended on natural and manmade catastrophic events that take place around the globe. In 2016, around
Key vendors
- AGCS
- AIG
- Aon
- AXA
Integrity Transportation Insurance Agency Liberty Mutual Insurance - Marsh
Other prominent vendors
- Arthur J. Gallagher
- Atrium
- Beazley
- Chubb
Gard Mitsui Sumitomo Insurance - Munich Re
Peoples Insurance Agency - Samsung Fire & Marine Insurance
Sompo Japan Nipponkoa Insurance Swiss Re Group Thomas Miller - Tokio Marine Holdings
- XL Group
- Zurich Insurance Group
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9xg7nk/global_logistics
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