Global Marine Insurance Market Is Predicted to Reach US$ 33,471.5 Mn by 2022, Due to Rise in International Trade Volume

ReleaseWire

Pune, India -- (SBWIRE) -- 11/08/2018 -- Marine Insurance market has been witnessing rapid growth in the last decade. With the market being highly fragmented, it is important for market players to leverage their strengths and appropriately capture the opportunities to sustain themselves in the growing market. The author of the report analyzed that the global marine insurance market accounted for US$ 28,483.6 Mn in 2017. With increase in globalization there is high demand for import and export of goods, which is mainly done by marine transport. This makes marine insurance one of the most important field in today's commercial age.

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Key Players:
Lockton Companies, Jardine Lloyd Thompson Group plc, HDFC ERGO General Insurance Company Limited, Gallagher, Marsh LLC, Lampe & Schwartze KG, Hannover Re, American International Group, Inc., Anderson Insurance Agency, ARIES MARINE INSURANCE BROKERS LTD, Atrium, Ascot, AXA Insurance Company, MS&AD Insurance Group Holdings, Inc., Tokio Marine Holdings, Inc., United India Insurance Co. Ltd., Gard, Allianz Global Corporate & Specialty SE, Eidgenoessische Technische Hochschule Zuerich, Berkshire Hathaway Inc. (Berkshire Hathaway Specialty Insurance), Swiss Re, SOMPO Taiwan Brokers Co., Ltd, Beazley, Willis Towers Watson, AXA XL, Thomas Miller, Sirius International Insurance Corporation, Munich Re Group, Brown & Brown Insurance, Aon plc, The Chubb Corporation

As countries import & export of good is interlinked with economic growth, marine insurance plays a very crucial role in industrial growth. Thus any transport of cargo or freight is always insured which will drive the market growth in the forecast period. One of the main concern for this market is the new technological advances that are used to moves goods via marine transport. Insurers are facing a challenge in providing policies which can cover the various technological devices used in freight logistics. This may refrain the insurers from providing better policies for freights, which may create an adverse impact on market growth. However, many technological tools are also providing opportunities to enhance logistics process of marine transport. In various industry, there is sudden boom in the usage technology namely internet of things (IoT) which is making it easier for business to process.

The marine insurance industry has also has huge opportunity to grow with the integration of such technology which can streamline the insurance/claim process and make it more robust. Use of such analytical tools will also allow risk mitigation more efficiently.

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Marine Insurance Market – By Type:
Transport/Cargo, Hull, Offshore/Energy, Marine Liability

Marine Insurance in North America is likely to show highest growth due to increase insurance policies that are provided by insurers to mitigate risk and loss that can be incurred in marine transit. North American countries face high risk of natural calamities such as hurricanes and tornadoes which can cause huge monetary loss. This will play a huge role in impacting the growth of marine insurance market in North America region.

The regional study of the global Marine Insurance market is performed through its segments into key regions North America, Europe, Asia-Pacific (APAC), Middle East & Africa and Latin America. Each region provides a diverse array of influential factors and therefore opportunities for the various players in the global market. The report thus helps players visualize the various dynamics involved in the market and how they can use them either to their advantage or circumvent challenges to gain more success.

Table of Contents:
Global Marine Insurance Market Research Report

Chapter 1 Marine Insurance Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturers
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Chapter 13 Appendix

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