Global Marine Insurance Market to reach USD 9.44 billion by 2027.

Global Marine Insurance Market Size study, by Type (Cargo Insurance, Onshore Energy Insurance, Hull Insurance, Marine Liability Insurance), by Application (Small Recreational Boats, On-Water Commercial and High End Leisure, Underwater Leisure, Underwater AUV) and Regional Forecasts 2020-2027
Product Code:  BAFB_39643985
Chapter 1.	Executive Summary 
1.1.	Market Snapshot
1.2.	Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1.	Marine Insurance Market, by Region, 2018-2027 (USD Billion)
1.2.2.	Marine Insurance Market, by Type, 2018-2027 (USD Billion)
1.2.3.	Marine Insurance Market, by  Application, 2018-2027 (USD Billion)
1.3.	Key Trends
1.4.	Estimation Methodology
1.5.	Research Assumption
Chapter 2.	Global Marine Insurance Market Definition and Scope 
2.1.	Objective of the Study
2.2.	Market Definition & Scope
2.2.1.	Scope of the Study
2.2.2.	Industry Evolution
2.3.	Years Considered for the Study
2.4.	Currency Conversion Rates
Chapter 3.	Global Marine Insurance Market Dynamics	
3.1.	Marine Insurance Market Impact Analysis (2018-2027)
3.1.1.	Market Drivers
3.1.2.	Market Challenges
3.1.3.	Market Opportunities
Chapter 4.	Global Marine Insurance Market Industry Analysis
4.1.	Porter’s 5 Force Model
4.1.1.	Bargaining Power of Suppliers
4.1.2.	Bargaining Power of Buyers
4.1.3.	Threat of New Entrants
4.1.4.	Threat of Substitutes
4.1.5.	Competitive Rivalry
4.1.6.	Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2.	PEST Analysis
4.2.1.	Political 
4.2.2.	Economical
4.2.3.	Social 
4.2.4.	Technological 
4.3.	Investment Adoption Model
4.4.	Analyst Recommendation & Conclusion
Chapter 5.	Global Marine Insurance Market, by Product Type 
5.1.	Market Snapshot 
5.2.	Global Marine Insurance Market by Product Type, Performance - Potential Analysis
5.3.	Global Marine Insurance Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
5.4.	Marine Insurance Market, Sub Segment Analysis
5.4.1.	 Cargo Insurance  
5.4.2.	 Onshore Energy Insurance 
5.4.3.	 Hull Insurance  
5.4.4.	 Marine Liability Insurance
Chapter 6.	Global Marine Insurance Market, by Product Application          
6.1.	Market Snapshot 
6.2.	Global Marine Insurance Market by Product Application, Performance - Potential Analysis
6.3.	Global Marine Insurance Market Estimates & Forecasts by Product Application 2017-2027 (USD Billion)
6.4.	Marine Insurance Market, Sub Segment Analysis
6.4.1.	 Small Recreational Boats  
6.4.2.	 On-Water Commercial and High End Leisure
6.4.3.	 Underwater Leisure  
6.4.4.	 Underwater AUV
Chapter 7.	Global Marine Insurance Market, Regional Analysis
7.1.	Marine Insurance Market, Regional Market Snapshot 
7.2.	North America Marine Insurance Market 
7.2.1.	U.S. Marine Insurance Market
7.2.1.1.	 Type breakdown estimates & forecasts, 2017-2027 
7.2.1.2.	 Application breakdown estimates & forecasts, 2017-2027 
7.2.2.	Canada Marine Insurance Market
7.3.	Europe Marine Insurance Market Snapshot
7.3.1.	U.K. Marine Insurance Market 
7.3.2.	Germany Marine Insurance Market
7.3.3.	France Marine Insurance Market
7.3.4.	Spain Marine Insurance Market
7.3.5.	Italy Marine Insurance Market
7.3.6.	Rest of Europe Marine Insurance Market
7.4.	Asia-Pacific Marine Insurance Market Snapshot
7.4.1.	China Marine Insurance Market 
7.4.2.	India Marine Insurance Market 
7.4.3.	Japan Marine Insurance Market
7.4.4.	Australia Marine Insurance Market
7.4.5.	South Korea Marine Insurance Market
7.4.6.	Rest of Asia Pacific Marine Insurance Market
7.5.	Latin America Marine Insurance Market Snapshot
7.5.1.	Brazil Marine Insurance Market
7.5.2.	Mexico Marine Insurance Market
7.6.	Rest of The World Marine Insurance Market

Chapter 8.	Competitive Intelligence
8.1.	Top Market Strategies
8.2.	Company Profiles
8.2.1.	 	Lloyd's of London
8.2.1.1.	Key Information
8.2.1.2.	Overview
8.2.1.3.	Financial (Subject to Data Availability)
8.2.1.4.	Product Summary
8.2.1.5.	Recent Developments
8.2.2.	 	Concirrus Ltd.
8.2.3.	 	Marsh & McLennan Companies Inc. 
8.2.4.	 	Swiss Re Corporate Solutions Ltd.
8.2.5.	 	American International Group, Inc. (AIG) 
8.2.6.	 	Beazley Group 
8.2.7.	 	Central Union of Marine Underwriters (CEFOR) 
8.2.8.	 	QBE Insurance Group Limited 
8.2.9.	 	Ed Broking LLP 
8.2.10.	RSA Insurance Group plc 
Chapter 9.	Research Process
9.1.	Research Process
9.1.1.	Data Mining
9.1.2.	Analysis
9.1.3.	Market Estimation
9.1.4.	Validation
9.1.5.	Publishing
9.2.	Research Attributes
9.3.	Research Assumption

Global Marine Insurance Market is valued approximately USD 6.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.00 % over the forecast period 2020-2027. Marine Insurance becomes mandatory when heavy imports and exports are considered through waterways. Also, the Marine Insurance benefits compensation of marines, cargo, terminals, boats, goods, injuries and other damages that are caused during within the water bodies. Further, the government imposition of Marine Insurance in many countries due to increase in trade across the countries led the adoption of Marine Insurance across the forecast period. For Instance: Indian government in 2020 announced INR 20,000 crore for marine development. Due to COVID-19 Pandemic, almost all the trades across the globe are standstill, this has affected the market growth. Lockdown in many countries hampered growth in the market. Companies plan to expand in the marine insurance market looking over to increase in trade across the world. For Instance: Tokyo Marine Holdings, Inc. acquired Thailand based Safety Insurance Public Company Limited in 2020 to accelerate the growth in the region, expand presence and promote marine trades. However, the premium to be paid by the company for the policy is the only restraining factor which impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Marine Insurance market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world being surrounded by waterbodies and promotes marine trades. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027 decreasing the dominance of Europe. Factors such as rise in awareness of marine trade, technological development and improvement in marine infrastructure would create lucrative growth prospects for the Marine Insurance market across Asia-Pacific region.

Major market player included in this report are:
Lloyd’s of London (UK)
Concirrus Ltd. (UK)
Marsh & McLennan Companies Inc. (US)
Swiss Re Corporate Solutions Ltd.(Switzerland)
American International Group, Inc. (AIG) (US)
Beazley Group (UK)
Central Union of Marine Underwriters (CEFOR) (Norway)
QBE Insurance Group Limited (Australia)
Ed Broking LLP (UK)
RSA Insurance Group plc (UK)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Cargo Insurance
Onshore Energy Insurance
Hull Insurance
Marine Liability Insurance
By Application:
Small Recreational Boats
On-Water Commercial and High End Leisure
Underwater Leisure
Underwater AUV
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Marine Insurance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


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