Insights On The Specialty Insurance Global Market To 2030 – Opportunity Analysis And Industry Forecasts
DUBLIN, Sept. 23, 2021 /PRNewswire/ — The “Specialty Insurance Market By Type, Distribution Channel and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
Specialty insurance provides coverages for special, unusual, difficult insurance needs, and for higher risk accounts. Events such as an unforeseen wedding postponement, trip cancellation, or identity theft and items such as jewelry, valuable collectibles, or guns are some of the major perils covered under specialty insurance. Directors & officers liability insurance, errors & omissions insurance, commercial umbrella insurance, and cyber liability insurance are some of the types of specialty insurance. Furthermore, the premiums under this insurance is calculated based on specific industry, the risks factors, and the amount of coverage for the specified needs.
With the ability to provide both admitted & non-admitted products, specialty insurance covers niche & unique perils across a wide range of business lines. It provides multiple coverage options with huge flexibility in terms of coverages, policy term, and policy period. In addition, surge in demand for specialized expertise and technological advancements are major factors that drive the market growth. However, lack of awareness & understanding towards specialty insurance and highly volatile market 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 construction, healthcare, and environmental sectors. Therefore, expansion of business and involvement of international teams are expected to provide an immense opportunity to the specialty insurance market. Moreover, insurers are investing heavily in these technologies and incorporating technologies such as blockchain and Internet of things (IoT) in their existing specialty insurance product lines which further promotes the demand for specialty insurance in the coming years.The specialty insurance market is segmented on the basis of type, distribution channel, end user, and region. By type, it is segregated into marine, aviation & transport (MAT), political risk & credit insurance, entertainment insurance, art insurance, livestock & aquaculture insurance, and others. The marine, aviation & transport (MAT) is further segmented into inland marine and ocean marine.
In addition, the ocean marine is further segregated into cargo insurance, hull & machinery insurance, marine liability insurance, and offshore energy insurance. By distribution channel, it is bifurcated into brokers and non-brokers. Based on end user, the market is divided into business and individuals. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The report analyses the profiles of key players operating in the specialty insurance market such as AXA, American International Group, Inc., Allianz, ASSICURAZIONI GENERALI S.P.A., Berkshire Hathaway Inc., Chubb, Munich Re, PICC, Tokio Marine HCC, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the specialty insurance industry. Key Benefits For Stakeholders
- The study provides in-depth analysis of the global specialty 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 specialty 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 specialty insurance market from 2021 to 2030 is provided to determine the market potential.
Key Topics Covered: CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY CHAPTER 3: MARKET OVERVIEW3.1. Market definition and scope3.2. Key forces shaping global specialty insurance market3.3. Case studies3.3.1. Case study 013.3.2. Case study 023.4. Impact of government regulations on the global specialty insurance market3.5. Market dynamics3.5.1. Drivers126.96.36.199. Surge in demand for specialized expertise188.8.131.52. Technological advancements184.108.40.206. Numerous benefits provided by specialty insurance with covering unique needs & preferences3.5.2. Restraints220.127.116.11. Extreme volatile market18.104.22.168. Lack of awareness & understanding towards specialty insurance3.5.3. Opportunities22.214.171.124. Rapid growth in incorporation of technologies126.96.36.199. Untapped potential of emerging economies3.6. COVID-19 impact analysis on specialty insurance market3.6.1. Impact on specialty insurance market size3.6.2. Change in consumer trends, preferences, and budget impact, owing to COVID-193.6.3. Framework for market challenges faced by specialty insurance providers3.6.4. Economic impact on specialty insurance providers3.6.5. Key player strategies to tackle negative impact on the industry3.6.6. Opportunity analysis for specialty insurance providers CHAPTER 4: SPECIALTY INSURANCE MARKET, BY TYPE4.1. Overview4.2. Marine, Aviation & Transport (MAT)4.2.1. Key market trends, growth factors, and opportunities4.2.2. Market size and forecast, by region4.2.3. Market analysis, by country4.2.4. Specialty insurance market, by marine, aviation & transport (MAT)188.8.131.52. Marine Insurance184.108.40.206. Market size and forecast, by region220.127.116.11. Market analysis, by country18.104.22.168. Marine insurance market, by coverage type22.214.171.124.1. Inland Marine Insurance126.96.36.199.2. Market size and forecast, by region188.8.131.52.3. Ocean Marine Insurance184.108.40.206.4. Market size and forecast, by region220.127.116.11.4.1. Specialty insurance market, by ocean coverage type 18.104.22.168.4.2. Market size and forecast, by ocean marine insurance, by coverage type22.214.171.124.4.3. Cargo Insurance126.96.36.199.4.4. Market size and forecast, by region188.8.131.52.4.5. Hull & Machinery Insurance184.108.40.206.4.6. Market size and forecast, by region220.127.116.11.4.7. Marine Liability Insurance18.104.22.168.4.8. Market size and forecast, by region22.214.171.124.4.9. Offshore Energy Insurance 126.96.36.199.4.10. Market size and forecast, by region 188.8.131.52. Aviation Insurance184.108.40.206. Market size and forecast, by region220.127.116.11. Market analysis, by country 4.3. Political Risk & Credit Insurance4.3.1. Key market trends, growth factors, and opportunities4.3.2. Market size and forecast, by region4.3.3. Market analysis, by country4.4. Entertainment Insurance4.4.1. Key market trends, growth factors, and opportunities4.4.2. Market size and forecast, by region4.4.3. Market analysis, by country4.5. Art Insurance4.5.1. Key market trends, growth factors, and opportunities4.5.2. Market size and forecast, by region4.5.3. Market analysis, by country4.6. Livestock & Aquaculture Insurance4.6.1. Key market trends, growth factors, and opportunities4.6.2. Market size and forecast, by region4.6.3. Market analysis, by country4.7. Others4.7.1. Key market trends, growth factors, and opportunities4.7.2. Market size and forecast, by region4.7.3. Market analysis, by country CHAPTER 5: SPECIALTY INSURANCE MARKET, BY DISTRIBUTION CHANNEL5.1. Overview5.2. Brokers5.2.1. Market size and forecast, by region5.2.2. Market size and forecast, by region5.2.3. Market analysis, by country5.3. Non-brokers5.3.1. Market size and forecast, by region5.3.2. Market size and forecast, by region5.3.3. Market analysis, by country CHAPTER 6: SPECIALTY INSURANCE MARKET, BY END USER6.1. Overview6.2. Business6.2.1. Market size and forecast, by region6.2.2. Market size and forecast, by region6.2.3. Market analysis, by country6.3. Individuals6.3.1. Market size and forecast, by region6.3.2. Market size and forecast, by region6.3.3. Market analysis, by country CHAPTER 7: SPECIALTY INSURANCE MARKET, BY REGION CHAPTER 8: COMPETITIVE LANDSCAPE8.1. Market player positioning, 20208.2. Top winning strategies CHAPTER 9: COMPANY PROFILES9.1. AXA9.1.1. Company overview9.1.2. Company snapshot9.1.3. Operating business segments9.1.4. Product portfolio9.1.5. Business performance9.1.6. Key strategic moves and developments9.2. AMERICAN INTERNATIONAL GROUP, INC.9.2.1. Company overview9.2.2. Company snapshot9.2.3. Product portfolio9.2.4. Business performance9.3. Allianz9.3.1. Company overview9.3.2. Company snapshot9.3.3. Operating business segments9.3.4. Product portfolio9.3.5. Business performance9.3.6. Key strategic moves and developments9.4. ASSICURAZIONI GENERALI S. P. A.9.4.1. Company overview9.4.2. Company snapshot9.4.3. Operating business segments9.4.4. Product Portfolio9.4.5. Business performance9.4.6. Key strategic moves and developments9.5. Berkshire Hathaway Inc.9.5.1. Company overview9.5.2. Company snapshot9.5.3. Operating business segments9.5.4. Product portfolio9.5.5. Business performance9.5.6. Key strategic moves and developments9.6. CHUBB9.6.1. Company overview9.6.2. Company snapshot9.6.3. Operating business segments9.6.4. Product portfolio9.6.5. Business performance9.7. Munich Re9.7.1. Company overview9.7.2. Company snapshot9.7.3. Operating business segments9.7.4. Product portfolio9.7.5. Business performance9.7.6. Key strategic moves and developments9.8. PICC9.8.1. Company overview9.8.2. Company snapshot9.8.3. Product portfolio9.9. Tokio Marine HCC9.9.1. Company overview9.9.2. Company snapshot9.9.3. Product portfolio9.10. Zurich9.10.1. Company overview9.10.2. Company snapshot9.10.3. Operating business segments9.10.4. Product portfolio9.10.5. Business performance9.10.6. Key strategic moves and developments
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