Uploaded on Sep 2, 2024
According to the latest research report by IMARC Group, The global commercial insurance market size reached US$ 864 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,554 Billion by 2032, exhibiting a growth rate (CAGR) of 6.53% during 2024-2032. More Info:- https://www.imarcgroup.com/commercial-insurance-market
Commercial Insurance Market PPT 2024: Size, Growth, Demand and Forecast till 2032
Global Commercial Insurance Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group IMARC Group is a g lobal management consul t ing f i rm that he lps the wor ld ’s most ambi t ious changemakers to create a las t ing impact . Across the s ix major cont inents and 100+ count r ies , we work a longside our bus iness par tners as one team wi th a common ambi t ion to achieve unparal le led resul ts , gain a compet i t ive edge, and t ransform indust r ies . IMARC Group excels in unders tanding i ts c l ients ’ bus iness pr ior i t ies and del iver ing ta i lored solut ions that dr ive meaningfu l outcomes. Our c l ient base spans over 3,000 organizat ions in the pr ivate, publ ic , and soc ia l sectors , ranging f rom high-growth s tar tups to For tune 500 companies. We prov ide a comprehensive sui te of market entry and expansion serv ices. Our of fer ings inc lude thorough market assessment , feas ib i l i ty s tudies, company incorporat ion ass is tance, fac tory setup suppor t , regulatory approvals and l icens ing navigat ion, branding, market ing and sales st rategies, compet i t ive landscape and benchmark ing analyses, pr ic ing and cost research, and procurement research. These serv ices are des igned to ass is t companies in evaluat ing market oppor tuni t ies , set t ing up new ent i t ies , navigat ing regulatory landscapes, boost ing brand v is ib i l i ty , analyz ing compet i tors, and opt imiz ing procurement s t rategies. Accord ing to t he la tes t repor t by IM ARC Group , t i t led " Commerc ia l I nsurance Market : G l oba l Indust ry T rends , Share , S ize , Growth , O pportun i ty and Forecast 2024-2032 ," t he g loba l commerc ia l i nsurance marke t s i ze reached US$ 864 B i l l i on i n 2023. Report Commerc ia l i nsurance i s a coverage f o r bus inesses and co rpora t ions des igned t o sa feguard t he o rgan iza t ion and i t s emp loyees aga ins t cer ta in r i s k fac t o r s . I t p ro t ec ts the company f inanc ia l l y f r om common r i sks , such as emp loyee in ju ry , Highlight and c l ien t l i t i ga t ion , p roper t y t he f t and dam age, da ta b reaches , l i ab i l i t y l awsu i t s , and o t he r unexpec t ed even ts t ha t cou ld d i s rup t t he bus iness opera t i ons . Description I t a l so o f f e r s more cove rage due to the invo lvemen t o f var ious phys ica l p roper t ies compared t o persona l i nsu rance . As a resu l t , commerc ia l i nsu rance f inds ex tens i ve app l i ca t i ons ac ross manu fac tu r ing , cons t ruc t ion , hea l thca re , ene rgy and u t i l i t i es , and t r anspor t a t ion i ndus t r ies . Request fo r a PDF sample o f th is repor t : ht tps : / / www. imarcgroup .com/commerc ia l - insu rance -m arke t / reques t samp le Report Description G l ob a l Co mm erc i a l I n suran ce M ark e t T r end s : The m ar ke t i s p r im ar i l y d r i ven b y t he g r o w ing aw ar enes s r ega r d ing t h e be ne f i t s o f com m er c i a l i n su r a nce po l i c i es am on g bus ine ss own er s . Co m m e r c ia l i nsu r anc e o f f e r s secu r i t y f o r bus iness op e r a t io ns , p r o t ec t s t h e com pan y ’ s r epu t a t i on , a nd ensu r es t h e we l l - be in g o f i t s em p loye es . I n ad d i t i on , t he i nc r e as ing num ber o f s m a l l - and m e d ium - s i zed en t e r p r i ses ( SM E s) ac r oss t he g l ob e r ep r esen t a no t h e r m a jo r g r ow t h - i ndu c ing f ac t o r . Be s ides t h i s , t he l ea d ing m a r ke t p l aye r s a r e adop t i ng adv anced t e chno log ies , suc h a s m a ch in e l ea r n ing ( M L ) an d a r t i f i c i a l i n t e l l i gence ( A I ) , t o o f f e r enha nce d se r v ic es l i k e pe r sona l i zed and conve n ien t i nsu r ance p lan s w i t h l owe r p r e m ium cos t s a nd im pr ov e cu s t om er l oy a l t y . Th i s , coup led w i t h t h e im p lem en t a t i o n o f f avo r ab le g ove r nm e n t po l i c i es t o e ncou r age em p loye r s and bus ine ss ow ner s t o pu r c hase d i f f e r e n t t ype s o f cov e r age , i s pos i t i ve l y i n f l uenc i ng t he m a r ke t g r ow t h . M o r eove r , t he r i s i ng num ber o f com m er c i a l i ns u r an ce p r ov id e r s , t he i nc r eas i ng u t i l i za t i on o f t e lem a t i cs dev i ces ac r o ss v a r i ou s i nd us t r i es , and r ap i d i ndus t r i a l i za t i on a r e som e o f t he o t he r f ac t o r s p r ope l l i ng t he m ar ke t g r ow t h . Look i ng f o rw ard , I M ARC G roup ex pec t s t he mar ke t va l ue t o reach U S$ 1 , 55 4 B i l l i o n by 2032 , ex h i b i t i ng a CA G R o f 6 . 53 % du r i ng t he f o re cas t per i o d ( 20 24 - 2 032 ) . V i ew Repo r t T O C, F i g ures and T ab l e s : h t t ps : / / w w w . i mar cgrou p . com / c omm erc i a l - i ns uran ce - m arke t Breakup by Type: • Liabi l i ty Insurance • Commercial Motor Insurance • Commercial Property Insurance • Marine Insurance • Others Report Breakup by Enterprise Size: • Large Enterpr ises Segmentation • Small and Medium-sized Enterpr ises Breakup by Distribution Channel: • Agents and Brokers • Direct Response • Others Breakup by Industry Vertical: • Transportation and Logist ics • Manufacturing • Construct ion • IT and Telecom • Healthcare Report • Energy and Uti l i t ies • Others Segmentation Breakup by Region: • North America • Asia-Pacifi c • Europe • Latin America • Middle East and Afr ica • All ianz SE • American International Group Inc. • Aon plc Competitive • Aviva plc Landscape • Axa S.A. • Chubb Limited with Key • Direct Line Insurance Group plc Players • Marsh & McLennan Companies Inc. • Will is Towers Watson Publ ic Limited Company • Zurich Insurance Group Ltd. What was the size of the global commercial insurance market in 2023? What is the expected growth rate of the global commercial insurance market during 2024-2032? Key Questions What are the key factors driving the global commercial insurance market? Answered in What has been the impact of COVID-19 on the the Report global commercial insurance market? What is the breakup of the global commercial insurance market based on the type? What is the breakup of the global commercial insurance market based on the enterprise size? What is the breakup of the global commercial insurance market based on the distribution channel? What is the breakup of the global commercial insurance market based on the industry vertical? Key What are the key regions in the global commercial Questions insurance market? Answered in Who are the key players/companies in the global the Report commercial insurance market? 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n Table of 2 . 4 . 1 B o t t o m - U p A p p r o a c h 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n Contents 4 . 1 O v e r v i e w 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l C o m m e r c i a l I n s u r a n c e M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y T y p e 6 . 1 L i a b i l i t y I n s u r a n c e 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 C o m m e r c i a l M o t o r I n s u r a n c e 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 6 . 3 C o m m e r c i a l P r o p e r t y I n s u r a n c e 6 . 3 . 1 M a r k e t T r e n d s 6 . 3 . 2 M a r k e t F o r e c a s t 6 . 4 M a r i n e I n s u r a n c e 6 . 4 . 1 M a r k e t T r e n d s 6 . 4 . 2 M a r k e t F o r e c a s t 6 . 5 O t h e r s 6 . 5 . 1 M a r k e t T r e n d s 6 . 5 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y E n t e r p r i s e S i z e 7 . 1 L a r g e E n t e r p r i s e s 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 S m a l l a n d M e d i u m - s i z e d E n t e r p r i s e s 7 . 2 . 1 M a r k e t T r e n d s Table of 7 . 2 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y D i s t r i b u t i o n C h a n n e l 8 . 1 A g e n t s a n d B r o k e r s Contents 8 . 1 . 1 M a r k e t T r e n d s 8 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 D i r e c t R e s p o n s e 8 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 M a r k e t F o r e c a s t 8 . 3 O t h e r s 8 . 3 . 1 M a r k e t T r e n d s 8 . 3 . 2 M a r k e t F o r e c a s t 9 M a r k e t B r e a k u p b y I n d u s t r y V e r t i c a l 9 . 1 T r a n s p o r t a t i o n a n d L o g i s t i c s 9 . 1 . 1 M a r k e t T r e n d s 9 . 1 . 2 M a r k e t F o r e c a s t 9 . 2 M a n u f a c t u r i n g 9 . 2 . 1 M a r k e t T r e n d s 9 . 2 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : h t t p s : / / w w w. im a rcg ro u p . co m / c o m m e rc i a l - i n s u r a n ce - m a r ke t / t o c Partial List of Clients Partial List of Clients Disclaimer © 2024 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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