Special Event Insurance Market Still Has Room to Grow: Allianz, Axa, MetLife

Edison, NJ -- (SBWIRE) -- 12/08/2021 -- The Latest research coverage on Special Event Insurance Market provides a detailed overview and accurate market size. The study is designed considering current and historical trends, market development and business strategies taken up by leaders and new industry players entering the market. Furthermore, study includes an in-depth analysis of global and regional markets along with country level market size breakdown to identify potential gaps and opportunities to better investigate market status, development activity, value and growth patterns.

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The Special Event Insurance Market Study by AMA Research gives an essential tool and source to Industry stakeholders to figure out the market and other fundamental technicalities, covering growth, opportunities, competitive scenarios, and key trends in the Special Event Insurance market.

Special event insurance covers short-term private and public events against bodily injury and property damage claims. Many venues require event organizers to carry liability insurance to help pay for medical expenses if a guest is injured and protect venue property from damage, including the buildings and any equipment. However, the market is expected to witness some decline in growth for the next few years due to the current pandemic but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.

On 2oth February 2019, MFE insurance, a California entertainment insurance agency, released a blog educating readers on some common injuries at music festivals and how to prepare for them. Special event insurance can help cover festival-related issues resulting from injured staff and attendees.
In December 2019, Intact Financial Corporation announced that it has completed the acquisition of The Guarantee Company of North America (The Guarantee) and Frank Cowan Company Limited (Frank Cowan), having received all required regulatory approvals worth USD 1 billion.

Major & Emerging Players in Special Event Insurance Market:-
Allianz SE (Germany),Allen Financial Insurance Group (United States),Axa S.A. (France),Zurich Insurance Group (Switzerland),Assicurazioni Generali S.p.A. (Italy),MetLife, Inc. (United States),Aegon N.V. (Netherlands),Aviva plc (United Kingdom),Gerber Life Insurance (United States),AIG (United States)

The titled segments and sub-section of the market are illuminated below:
by Application (Private Events, Public Events), Policy Coverage (Cancellation of Event, Material damage, Personal Accident, Public Liability, Others), Event Type (Banquets, Car shows, Festivals, Prom/School dances, Sweet sixteen parties, Award presentations, Bar/Bat Mitzvahs, Conventions, Birthday parties, Farmers markets, Job fairs, Reunions, Weddings, Others), End Use Industry (Corporate, Construction and Engineering, Energy, Medical, Fertilizers & Chemicals, Marine, IT and ITES, BFSI, Others), Duration (Single-Day, Multiple-Day)

Market Trends:
Rising Usage of Artificial Intelligence (AI) Sensor Technology & Cloud Technology in Event Insurance

Opportunities:
Rising Demand form the Developing Nations like India, China, and Brazil

Market Drivers:
Increasing Music Concerts all over the World
Growing Awareness of Benefits of Event Insurance

Challenges:
Lack of Awareness about Event Insurance

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Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Special Event Insurance Market
Chapter Four: Players Profiles
Chapter Five: Global Special Event Insurance Market Analysis by Regions
Chapter Six: North America Special Event Insurance Market Analysis by Countries
Chapter Seven: Europe Special Event Insurance Market Analysis by Countries
Chapter Eight: Asia-Pacific Special Event Insurance Market Analysis by Countries
Chapter Nine: Middle East and Africa Special Event Insurance Market Analysis by Countries
Chapter Ten: South America Special Event Insurance Market Analysis by Countries
Chapter Eleven: Global Special Event Insurance Market Segment by Types
Chapter Twelve: Global Special Event Insurance Market Segment by Applications

What are the market factors that are explained in the Special Event Insurance Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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