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Marine Insurance Market By Type (Offshore/Energy Insurance, Hull & Machinery Insurance, Cargo Insurance, and Marine Liability Insurance), By Distribution Channel (Retail Brokers, Wholesalers, and Others), By End-User (Traders, Ship Owners, and Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

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Marine Insurance Market

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Industry Insights

[187+ Pages Report] According to Facts & Factors, the global marine insurance market is projected to grow at a CAGR of 4% over 2021-­2026. However, the market is estimated to grow from USD 27 Billion in 2020 to USD 31 Billion by 2026.

logoGlobal Marine Insurance Market: Overview

Marine insurance is an added advantage as it helps cover the property & environment damage, loss of life, and accident associated undue expenditure that occurs during unfortunate incidents. The financial loss of the policyholder at the time of any accident or natural hazard is covered in the marine insurance. This advantage is applicable for the cargo & ship owners as well as charterers.

logoGlobal Marine Insurance Market: Growth Factors

Major factor driving the global marine insurance market include rising adoption of analytics & telematics to gain better assessment in case of existing or future risks occurring in the marine business. The growing awareness toward marine insurance, rising damages to the ships or cargo vessels, and other factors are other factors augmenting the market growth. The rising opportunities for marine insurance in the developing economies coupled with the integration of IoT helps in the market expansion. The marine insurance market is expected to experience lucrative opportunities by offering a simple process for claiming, risk monitoring, loss prevention, or prediction. The coverage of broad range of risk factors and easy trading activities is likely to contribute to the market growth. But, the sudden impact of lockdown and increments in marine insurance will restrain the market growth. Even other uncertainties such as changing trade patterns, climate changes, demand for decarbonization, geopolitical, economic, and political tensions, among others further hinder global marine insurance market growth.

logoGlobal Marine Insurance Market: Segmentation

The global marine insurance market is segmented based on type, distribution channel, end-user, and regions.

On the basis of type, the global marine insurance market is divided into offshore/energy insurance, hull & machinery insurance, cargo insurance, and marine liability insurance. Cargo insurance segment is expected to dominate due to the rising free trade agreements. Furthermore, the supply & demand for sea transportation across the globe is projected to propel the demand for cargo insurance over the forecast period. By distribution channel, the market is classified into retail brokers, wholesalers, and others. Based on end-user, the marine insurance market is categorized into traders, ship owners, and others.

logoGlobal Marine Insurance Market: Report Scope

Report Attribute

Details

Market Size in 2020

USD 27 Billion

Projected Market Size in 2026

USD 31 Billion

CAGR Growth Rate

4% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Arthur J. Gallagher & Co., American International Group, Inc., American Financial Group, Inc., Allianz SE, Axa S.A., Aon Plc, and Others

Key Segment

By Type, By Distribution Channel, By End-User, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logoGlobal Marine Insurance Market: Regional Analysis

Europe is expected to witness highest growth due to the growing business opportunities in the region over the forecast period. The positive impact of the marine transport on the European market is projected to propel the market in this region. Asia Pacific is likely to account for the highest growth during the forecast period due to the high number of players operating in the marine insurance in this region in order to offer quality services. Additionally, growing trading activities in the Asia Pacific is anticipated to have a positive impact on the marine insurance market.

logoGlobal Marine Insurance Market: Competitive Players

Some of the key players dominating the global marine insurance market include Arthur J. Gallagher & Co., American International Group, Inc., American Financial Group, Inc., Allianz SE, Axa S.A., Aon Plc, Berkshire Hathaway Specialty Insurance, Swiss Re, Zurich Insurance Group, Assicurazioni Generali S.p.A., Tokio Marine Holdings, Inc., Aspen Insurance Holdings Limited, Chubb Limited, The Hanover Insurance Group, Inc., Markel Corporation, ProSight Global, Inc., Sompo International Holdings Ltd, RLI Corp, The Hartford, The Travelers Indemnity Company, HDI Global SE, Intact Insurance Company, Beazley Group, Inc., Starr International Company, and Marsh LTD., among others.

logoGlobal Marine Insurance Market: By Type Segment Analysis

  • Offshore/Energy Insurance
  • Cargo Insurance
  • Marine Liability Insurance
  • Hull & Machinery Insurance

logoGlobal Marine Insurance Market: By Distribution Channel Segment Analysis

  • Retail Brokers
  • Wholesalers
  • Others

logoGlobal Marine Insurance Market: By End-User Segment Analysis

  • Traders
  • Ship Owners
  • Others  

logoGlobal Marine Insurance Market: By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
key report pointers

Covid-19

Marine Insurance Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Table of Content

  1. Chapter 1 Executive Summary
    1. 1.1. Introduction of Marine Insurance
    2. 1.2. Global Marine Insurance Market, 2019 & 2026 (USD Billion)
    3. 1.3. Global Marine Insurance Market, 2016 – 2026 (USD Billion)
    4. 1.4. Global Marine Insurance Market Absolute Revenue Opportunity, 2016 – 2026 (USD Billion)
    5. 1.5. Global Marine Insurance Market Incremental Revenue Opportunity, 2020 – 2026 (USD Billion)
  2. Chapter 2 Marine Insurance Market – Type Analysis
    1. 2.1. Global Marine Insurance Market – Type Overview
    2. 2.2. Global Marine Insurance Market Share, by Type, 2019 & 2026 (USD Billion)
    3. 2.3. Offshore/Energy Insurance
      1. 2.3.1. Global Offshore/Energy Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
    4. 2.4. Hull & Machinery Insurance
      1. 2.4.1. Global Hull & Machinery Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
    5. 2.5. Cargo Insurance
      1. 2.5.1. Global Cargo Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
    6. 2.6. Marine Liability Insurance
      1. 2.6.1. Global Marine Liability Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
  3. Chapter 3 Marine Insurance Market – Distribution Channel Analysis
    1. 3.1. Global Marine Insurance Market – Distribution Channel Overview
    2. 3.2. Global Marine Insurance Market Share, by Distribution Channel, 2019 & 2026 (USD Billion)
    3. 3.3. Retail Brokers
      1. 3.3.1. Global Retail Brokers Marine Insurance Market, 2016 – 2026 (USD Billion)
    4. 3.4. Wholesalers
      1. 3.4.1. Global Wholesalers Marine Insurance Market, 2016 – 2026 (USD Billion)
    5. 3.5. Others
      1. 3.5.1. Global Others Marine Insurance Market, 2016 – 2026 (USD Billion)
  4. Chapter 4 Marine Insurance Market – End-User Analysis
    1. 4.1. Global Marine Insurance Market – End-User Overview
    2. 4.2. Global Marine Insurance Market Share, by End-User, 2019 & 2026 (USD Billion)
    3. 4.3. Traders
      1. 4.3.1. Global Traders Marine Insurance Market, 2016 – 2026 (USD Billion)
    4. 4.4. Ship Owners
      1. 4.4.1. Global Ship Owners Marine Insurance Market, 2016 – 2026 (USD Billion)
    5. 4.5. Others
      1. 4.5.1. Global Others Marine Insurance Market, 2016 – 2026 (USD Billion)
  5. Chapter 5 Marine Insurance Market – Regional Analysis
    1. 5.1. Global Marine Insurance Market Regional Overview
    2. 5.2. Global Marine Insurance Market Share, by Region, 2019 & 2026 (USD Billion)
    3. 5.3. North America
      1. 5.3.1. North America Marine Insurance Market, 2016 – 2026 (USD Billion)
        1. 5.3.1.1. North America Marine Insurance Market, by Country, 2016 - 2026 (USD Billion)
      2. 5.3.2. North America Marine Insurance Market, by Type, 2016 – 2026
        1. 5.3.2.1. North America Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      3. 5.3.3. North America Marine Insurance Market, by Distribution Channel, 2016 – 2026
        1. 5.3.3.1. North America Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      4. 5.3.4. North America Marine Insurance Market, by End-User, 2016 – 2026
        1. 5.3.4.1. North America Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      5. 5.3.5. U.S.
        1. 5.3.5.1. U.S. Marine Insurance Market, 2016 – 2026 (USD Billion)
      6. 5.3.6. Canada
        1. 5.3.6.1. Canada Marine Insurance Market, 2016 – 2026 (USD Billion)
    4. 5.4. Europe
      1. 5.4.1. Europe Marine Insurance Market, 2016 – 2026 (USD Billion)
        1. 5.4.1.1. Europe Marine Insurance Market, by Country, 2016 - 2026 (USD Billion)
      2. 5.4.2. Europe Marine Insurance Market, by Type, 2016 – 2026
        1. 5.4.2.1. Europe Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      3. 5.4.3. Europe Marine Insurance Market, by Distribution Channel, 2016 – 2026
        1. 5.4.3.1. Europe Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      4. 5.4.4. Europe Marine Insurance Market, by End-User, 2016 – 2026
        1. 5.4.4.1. Europe Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      5. 5.4.5. Germany
        1. 5.4.5.1. Germany Marine Insurance Market, 2016 – 2026 (USD Billion)
      6. 5.4.6. France
        1. 5.4.6.1. France Marine Insurance Market, 2016 – 2026 (USD Billion)
      7. 5.4.7. U.K.
        1. 5.4.7.1. U.K. Marine Insurance Market, 2016 – 2026 (USD Billion)
      8. 5.4.8. Italy
        1. 5.4.8.1. Italy Marine Insurance Market, 2016 – 2026 (USD Billion)
      9. 5.4.9. Spain
        1. 5.4.9.1. Spain Marine Insurance Market, 2016 – 2026 (USD Billion)
      10. 5.4.10. Rest of Europe
        1. 5.4.10.1. Rest of Europe Marine Insurance Market, 2016 – 2026 (USD Billion)
    5. 5.5. Asia Pacific
      1. 5.5.1. Asia Pacific Marine Insurance Market, 2016 – 2026 (USD Billion)
        1. 5.5.1.1. Asia Pacific Marine Insurance Market, by Country, 2016 - 2026 (USD Billion)
      2. 5.5.2. Asia Pacific Marine Insurance Market, by Type, 2016 – 2026
        1. 5.5.2.1. Asia Pacific Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      3. 5.5.3. Asia Pacific Marine Insurance Market, by Distribution Channel, 2016 – 2026
        1. 5.5.3.1. Asia Pacific Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      4. 5.5.4. Asia Pacific Marine Insurance Market, by End-User, 2016 – 2026
        1. 5.5.4.1. Asia Pacific Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      5. 5.5.5. China
        1. 5.5.5.1. China Marine Insurance Market, 2016 – 2026 (USD Billion)
      6. 5.5.6. Japan
        1. 5.5.6.1. Japan Marine Insurance Market, 2016 – 2026 (USD Billion)
      7. 5.5.7. India
        1. 5.5.7.1. India Marine Insurance Market, 2016 – 2026 (USD Billion)
      8. 5.5.8. South Korea
        1. 5.5.8.1. South Korea Marine Insurance Market, 2016 – 2026 (USD Billion)
      9. 5.5.9. South-East Asia
        1. 5.5.9.1. South-East Asia Marine Insurance Market, 2016 – 2026 (USD Billion)
      10. 5.5.10. Rest of Asia Pacific
        1. 5.5.10.1. Rest of Asia Pacific Marine Insurance Market, 2016 – 2026 (USD Billion)
    6. 5.6. Latin America
      1. 5.6.1. Latin America Marine Insurance Market, 2016 – 2026 (USD Billion)
        1. 5.6.1.1. Latin America Marine Insurance Market, by Country, 2016 - 2026 (USD Billion)
      2. 5.6.2. Latin America Marine Insurance Market, by Type, 2016 – 2026
        1. 5.6.2.1. Latin America Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      3. 5.6.3. Latin America Marine Insurance Market, by Distribution Channel, 2016 – 2026
        1. 5.6.3.1. Latin America Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      4. 5.6.4. Latin America Marine Insurance Market, by End-User, 2016 – 2026
        1. 5.6.4.1. Latin America Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      5. 5.6.5. Brazil
        1. 5.6.5.1. Brazil Marine Insurance Market, 2016 – 2026 (USD Billion)
      6. 5.6.6. Mexico
        1. 5.6.6.1. Mexico Marine Insurance Market, 2016 – 2026 (USD Billion)
      7. 5.6.7. Rest of Latin America
        1. 5.6.7.1. Rest of Latin America Marine Insurance Market, 2016 – 2026 (USD Billion)
    7. 5.7. The Middle-East and Africa
      1. 5.7.1. The Middle-East and Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
        1. 5.7.1.1. The Middle-East and Africa Marine Insurance Market, by Country, 2016 - 2026 (USD Billion)
      2. 5.7.2. The Middle-East and Africa Marine Insurance Market, by Type, 2016 – 2026
        1. 5.7.2.1. The Middle-East and Africa Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      3. 5.7.3. The Middle-East and Africa Marine Insurance Market, by Distribution Channel, 2016 – 2026
        1. 5.7.3.1. The Middle-East and Africa Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      4. 5.7.4. The Middle-East and Africa Marine Insurance Market, by End-User, 2016 – 2026
        1. 5.7.4.1. The Middle-East and Africa Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      5. 5.7.5. GCC Countries
        1. 5.7.5.1. GCC Countries Marine Insurance Market, 2016 – 2026 (USD Billion)
      6. 5.7.6. South Africa
        1. 5.7.6.1. South Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
      7. 5.7.7. Rest of Middle-East Africa
        1. 5.7.7.1. Rest of Middle-East Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
  6. Chapter 6 Marine Insurance Market – Competitive Landscape
    1. 6.1. Competitor Market Share – Revenue
    2. 6.2. Market Concentration Rate Analysis, Top 3 and Top 5 Players
    3. 6.3. Strategic Developments
      1. 6.3.1. Acquisitions and Mergers
      2. 6.3.2. New Products
      3. 6.3.3. Research & Development Activities
  7. Chapter 7 Company Profiles
    1. 7.1. Arthur J. Gallagher & Co.
      1. 7.1.1. Company Overview
      2. 7.1.2. Product/Service Portfolio
      3. 7.1.3. Arthur J. Gallagher & Co. Sales, Revenue, and Gross Margin
      4. 7.1.4. Arthur J. Gallagher & Co. Revenue and Growth Rate
      5. 7.1.5. Arthur J. Gallagher & Co. Market Share
      6. 7.1.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    2. 7.2. American International Group Inc.
      1. 7.2.1. Company Overview
      2. 7.2.2. Product/Service Portfolio
      3. 7.2.3. American International Group Inc. Sales, Revenue, and Gross Margin
      4. 7.2.4. American International Group Inc. Revenue and Growth Rate
      5. 7.2.5. American International Group Inc. Market Share
      6. 7.2.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    3. 7.3. American Financial Group Inc.
      1. 7.3.1. Company Overview
      2. 7.3.2. Product/Service Portfolio
      3. 7.3.3. American Financial Group Inc. Sales, Revenue, and Gross Margin
      4. 7.3.4. American Financial Group Inc. Revenue and Growth Rate
      5. 7.3.5. American Financial Group Inc. Market Share
      6. 7.3.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    4. 7.4. Allianz SE
      1. 7.4.1. Company Overview
      2. 7.4.2. Product/Service Portfolio
      3. 7.4.3. Allianz SE Sales, Revenue, and Gross Margin
      4. 7.4.4. Allianz SE Revenue and Growth Rate
      5. 7.4.5. Allianz SE Market Share
      6. 7.4.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    5. 7.5. Axa S.A.
      1. 7.5.1. Company Overview
      2. 7.5.2. Product/Service Portfolio
      3. 7.5.3. Axa S.A. Sales, Revenue, and Gross Margin
      4. 7.5.4. Axa S.A. Revenue and Growth Rate
      5. 7.5.5. Axa S.A. Market Share
      6. 7.5.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    6. 7.6. Aon Plc
      1. 7.6.1. Company Overview
      2. 7.6.2. Product/Service Portfolio
      3. 7.6.3. Aon Plc Sales, Revenue, and Gross Margin
      4. 7.6.4. Aon Plc Revenue and Growth Rate
      5. 7.6.5. Aon Plc Market Share
      6. 7.6.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    7. 7.7. Berkshire Hathaway Specialty Insurance
      1. 7.7.1. Company Overview
      2. 7.7.2. Product/Service Portfolio
      3. 7.7.3. Berkshire Hathaway Specialty Insurance Sales, Revenue, and Gross Margin
      4. 7.7.4. Berkshire Hathaway Specialty Insurance Revenue and Growth Rate
      5. 7.7.5. Berkshire Hathaway Specialty Insurance Market Share
      6. 7.7.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    8. 7.8. Swiss Re
      1. 7.8.1. Company Overview
      2. 7.8.2. Product/Service Portfolio
      3. 7.8.3. Swiss Re Sales, Revenue, and Gross Margin
      4. 7.8.4. Swiss Re Revenue and Growth Rate
      5. 7.8.5. Swiss Re Market Share
      6. 7.8.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    9. 7.9. Zurich Insurance Group
      1. 7.9.1. Company Overview
      2. 7.9.2. Product/Service Portfolio
      3. 7.9.3. Zurich Insurance Group Sales, Revenue, and Gross Margin
      4. 7.9.4. Zurich Insurance Group Revenue and Growth Rate
      5. 7.9.5. Zurich Insurance Group Market Share
      6. 7.9.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    10. 7.10. Assicurazioni Generali S.p.A.
      1. 7.10.1. Company Overview
      2. 7.10.2. Product/Service Portfolio
      3. 7.10.3. Assicurazioni Generali S.p.A. Sales, Revenue, and Gross Margin
      4. 7.10.4. Assicurazioni Generali S.p.A. Revenue and Growth Rate
      5. 7.10.5. Assicurazioni Generali S.p.A. Market Share
      6. 7.10.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    11. 7.11. Tokio Marine Holdings Inc.
      1. 7.11.1. Company Overview
      2. 7.11.2. Product/Service Portfolio
      3. 7.11.3. Tokio Marine Holdings Inc. Sales, Revenue, and Gross Margin
      4. 7.11.4. Tokio Marine Holdings Inc. Revenue and Growth Rate
      5. 7.11.5. Tokio Marine Holdings Inc. Market Share
      6. 7.11.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    12. 7.12. Aspen Insurance Holdings Limited
      1. 7.12.1. Company Overview
      2. 7.12.2. Product/Service Portfolio
      3. 7.12.3. Aspen Insurance Holdings Limited Sales, Revenue, and Gross Margin
      4. 7.12.4. Aspen Insurance Holdings Limited Revenue and Growth Rate
      5. 7.12.5. Aspen Insurance Holdings Limited Market Share
      6. 7.12.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    13. 7.13. Chubb Limited
      1. 7.13.1. Company Overview
      2. 7.13.2. Product/Service Portfolio
      3. 7.13.3. Chubb Limited Sales, Revenue, and Gross Margin
      4. 7.13.4. Chubb Limited Revenue and Growth Rate
      5. 7.13.5. Chubb Limited Market Share
      6. 7.13.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    14. 7.14. The Hanover Insurance Group Inc.
      1. 7.14.1. Company Overview
      2. 7.14.2. Product/Service Portfolio
      3. 7.14.3. The Hanover Insurance Group Inc. Sales, Revenue, and Gross Margin
      4. 7.14.4. The Hanover Insurance Group Inc. Revenue and Growth Rate
      5. 7.14.5. The Hanover Insurance Group Inc. Market Share
      6. 7.14.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    15. 7.15. Markel Corporation
      1. 7.15.1. Company Overview
      2. 7.15.2. Product/Service Portfolio
      3. 7.15.3. Markel Corporation Sales, Revenue, and Gross Margin
      4. 7.15.4. Markel Corporation Revenue and Growth Rate
      5. 7.15.5. Markel Corporation Market Share
      6. 7.15.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    16. 7.16. ProSight Global Inc.
      1. 7.16.1. Company Overview
      2. 7.16.2. Product/Service Portfolio
      3. 7.16.3. ProSight Global Inc. Sales, Revenue, and Gross Margin
      4. 7.16.4. ProSight Global Inc. Revenue and Growth Rate
      5. 7.16.5. ProSight Global Inc. Market Share
      6. 7.16.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    17. 7.17. Sompo International Holdings Ltd
      1. 7.17.1. Company Overview
      2. 7.17.2. Product/Service Portfolio
      3. 7.17.3. Sompo International Holdings Ltd Sales, Revenue, and Gross Margin
      4. 7.17.4. Sompo International Holdings Ltd Revenue and Growth Rate
      5. 7.17.5. Sompo International Holdings Ltd Market Share
      6. 7.17.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    18. 7.18. RLI Corp
      1. 7.18.1. Company Overview
      2. 7.18.2. Product/Service Portfolio
      3. 7.18.3. RLI Corp Sales, Revenue, and Gross Margin
      4. 7.18.4. RLI Corp Revenue and Growth Rate
      5. 7.18.5. RLI Corp Market Share
      6. 7.18.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    19. 7.19. The Hartford
      1. 7.19.1. Company Overview
      2. 7.19.2. Product/Service Portfolio
      3. 7.19.3. The Hartford Sales, Revenue, and Gross Margin
      4. 7.19.4. The Hartford Revenue and Growth Rate
      5. 7.19.5. The Hartford Market Share
      6. 7.19.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    20. 7.20. The Travelers Indemnity Company
      1. 7.20.1. Company Overview
      2. 7.20.2. Product/Service Portfolio
      3. 7.20.3. The Travelers Indemnity Company Sales, Revenue, and Gross Margin
      4. 7.20.4. The Travelers Indemnity Company Revenue and Growth Rate
      5. 7.20.5. The Travelers Indemnity Company Market Share
      6. 7.20.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    21. 7.21. HDI Global SE
      1. 7.21.1. Company Overview
      2. 7.21.2. Product/Service Portfolio
      3. 7.21.3. HDI Global SE Sales, Revenue, and Gross Margin
      4. 7.21.4. HDI Global SE Revenue and Growth Rate
      5. 7.21.5. HDI Global SE Market Share
      6. 7.21.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    22. 7.22. Intact Insurance Company
      1. 7.22.1. Company Overview
      2. 7.22.2. Product/Service Portfolio
      3. 7.22.3. Intact Insurance Company Sales, Revenue, and Gross Margin
      4. 7.22.4. Intact Insurance Company Revenue and Growth Rate
      5. 7.22.5. Intact Insurance Company Market Share
      6. 7.22.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    23. 7.23. Beazley Group Inc.
      1. 7.23.1. Company Overview
      2. 7.23.2. Product/Service Portfolio
      3. 7.23.3. Beazley Group Inc. Sales, Revenue, and Gross Margin
      4. 7.23.4. Beazley Group Inc. Revenue and Growth Rate
      5. 7.23.5. Beazley Group Inc. Market Share
      6. 7.23.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    24. 7.24. Starr International Company
      1. 7.24.1. Company Overview
      2. 7.24.2. Product/Service Portfolio
      3. 7.24.3. Starr International Company Sales, Revenue, and Gross Margin
      4. 7.24.4. Starr International Company Revenue and Growth Rate
      5. 7.24.5. Starr International Company Market Share
      6. 7.24.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
    25. 7.25. Marsh LTD.
      1. 7.25.1. Company Overview
      2. 7.25.2. Product/Service Portfolio
      3. 7.25.3. Marsh LTD. Sales, Revenue, and Gross Margin
      4. 7.25.4. Marsh LTD. Revenue and Growth Rate
      5. 7.25.5. Marsh LTD. Market Share
      6. 7.25.6. Recent Initiatives, Funding/VC Activities, and Technological Innovations
  8. Chapter 8 Marine Insurance — Industry Analysis
    1. 8.1. Introduction and Taxonomy
    2. 8.2. Marine Insurance Market – Key Trends
      1. 8.2.1. Market Drivers
      2. 8.2.2. Market Restraints
      3. 8.2.3. Market Opportunities
    3. 8.3. Value Chain Analysis
    4. 8.4. Key Mandates and Regulations
    5. 8.5. Technology Roadmap and Timeline
    6. 8.6. Marine Insurance Market – Attractiveness Analysis
      1. 8.6.1. By Type
      2. 8.6.2. By Distribution Channel
      3. 8.6.3. By End-User
      4. 8.6.4. By Region
  9. Chapter 9 Industrial Chain, Sourcing Strategy, and Downstream Buyers
    1. 9.1. Marine Insurance Industrial Chain Analysis
    2. 9.2. Downstream Buyers
    3. 9.3. Distributors/Traders List
  10. Chapter 10 Marketing Strategy Analysis
    1. 10.1. Marketing Channel
    2. 10.2. Direct Marketing
    3. 10.3. Indirect Marketing
    4. 10.4. Marketing Channel Development Trends
    5. 10.5. Economic/Political Environmental Change
  11. Chapter 11 Report Conclusion & Key Insights
    1. 11.1. Key Insights from Primary Interviews & Surveys Respondents
    2. 11.2. Key Takeaways from Analysts, Consultants, and Industry Leaders
  12. Chapter 12 Research Approach & Methodology
    1. 12.1. Report Description
    2. 12.2. Research Scope
    3. 12.3. Research Methodology
      1. 12.3.1. Secondary Research
      2. 12.3.2. Primary Research
      3. 12.3.3. Statistical Models
        1. 12.3.3.1. Company Share Analysis Model
        2. 12.3.3.2. Revenue Based Modeling
      4. 12.3.4. Research Limitations

      List of Figures

      Fig.1	Product Picture of Marine Insurance
      Fig.2	Global Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.3	Global Marine Insurance Market Absolute Revenue Opportunity, 2016 – 2026 (USD Billion)
      Fig.4	Global Marine Insurance Market Incremental Revenue Opportunity, 2020 – 2026 (USD Billion)
      Fig.5	Global Marine Insurance Market Share, by Type, 2019 & 2026 (USD Billion)
      Fig.6	Global Offshore/Energy Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.7	Global Hull & Machinery Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.8	Global Cargo Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.9	Global Marine Liability Insurance Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.10	Global Marine Insurance Market Share, by Distribution Channel, 2019 & 2026 (USD Billion)
      Fig.11	Global Retail Brokers Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.12	Global Wholesalers Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.13	Global Others Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.14	Global Marine Insurance Market Share, by End-User, 2019 & 2026 (USD Billion)
      Fig.15	Global Traders Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.16	Global Ship Owners Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.17	Global Others Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.18	Global Marine Insurance Market Share, by Region, 2019 & 2026 (USD Billion)
      Fig.19	North America Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.20	U.S. Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.21	Canada Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.22	Europe Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.23	Germany Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.24	France Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.25	U.K. Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.26	Italy Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.27	Spain Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.28	Rest of Europe Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.29	Asia Pacific Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.30	China Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.31	Japan Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.32	India Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.33	South  Korea Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.34	South-East Asia Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.35	Rest of Asia Pacific Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.36	Latin America Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.37	Brazil Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.38	Mexico Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.39	Rest of Latin America Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.40	The Middle-East and Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.41	GCC Countries Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.42	South Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.43	Rest of Middle-East Africa Marine Insurance Market, 2016 – 2026 (USD Billion)
      Fig.44	Competitor Market Share – Revenue
      Fig.45	Arthur J. Gallagher & Co. Revenue and Growth Rate
      Fig.46	Arthur J. Gallagher & Co. Market Share
      Fig.47	American International Group Inc. Revenue and Growth Rate
      Fig.48	American International Group Inc. Market Share
      Fig.49	American Financial Group Inc. Revenue and Growth Rate
      Fig.50	American Financial Group Inc. Market Share
      Fig.51	Allianz SE Revenue and Growth Rate
      Fig.52	Allianz SE Market Share
      Fig.53	Axa S.A. Revenue and Growth Rate
      Fig.54	Axa S.A. Market Share
      Fig.55	Aon Plc Revenue and Growth Rate
      Fig.56	Aon Plc Market Share
      Fig.57	Berkshire Hathaway Specialty Insurance Revenue and Growth Rate
      Fig.58	Berkshire Hathaway Specialty Insurance Market Share
      Fig.59	Swiss Re Revenue and Growth Rate
      Fig.60	Swiss Re Market Share
      Fig.61	Zurich Insurance Group Revenue and Growth Rate
      Fig.62	Zurich Insurance Group Market Share
      Fig.63	Assicurazioni Generali S.p.A. Revenue and Growth Rate
      Fig.64	Assicurazioni Generali S.p.A. Market Share
      Fig.65	Tokio Marine Holdings Inc. Revenue and Growth Rate
      Fig.66	Tokio Marine Holdings Inc. Market Share
      Fig.67	Aspen Insurance Holdings Limited Revenue and Growth Rate
      Fig.68	Aspen Insurance Holdings Limited Market Share
      Fig.69	Chubb Limited Revenue and Growth Rate
      Fig.70	Chubb Limited Market Share
      Fig.71	The Hanover Insurance Group Inc. Revenue and Growth Rate
      Fig.72	The Hanover Insurance Group Inc. Market Share
      Fig.73	Markel Corporation Revenue and Growth Rate
      Fig.74	Markel Corporation Market Share
      Fig.75	ProSight Global Inc. Revenue and Growth Rate
      Fig.76	ProSight Global Inc. Market Share
      Fig.77	Sompo International Holdings Ltd Revenue and Growth Rate
      Fig.78	Sompo International Holdings Ltd Market Share
      Fig.79	RLI Corp Revenue and Growth Rate
      Fig.80	RLI Corp Market Share
      Fig.81	The Hartford Revenue and Growth Rate
      Fig.82	The Hartford Market Share
      Fig.83	The Travelers Indemnity Company Revenue and Growth Rate
      Fig.84	The Travelers Indemnity Company Market Share
      Fig.85	HDI Global SE Revenue and Growth Rate
      Fig.86	HDI Global SE Market Share
      Fig.87	Intact Insurance Company Revenue and Growth Rate
      Fig.88	Intact Insurance Company Market Share
      Fig.89	Beazley Group Inc. Revenue and Growth Rate
      Fig.90	Beazley Group Inc. Market Share
      Fig.91	Starr International Company Revenue and Growth Rate
      Fig.92	Starr International Company Market Share
      Fig.93	Marsh LTD. Revenue and Growth Rate
      Fig.94	Marsh LTD. Market Share
      Fig.95	Market Dynamics
      Fig.96	Global Marine Insurance – Value Chain Analysis
      Fig.97	Key Mandates and Regulations
      Fig.98	Technology Roadmap and Timeline
      Fig.99	Market Attractiveness Analysis – By Type
      Fig.100	Market Attractiveness Analysis – By Distribution Channel
      Fig.101	Market Attractiveness Analysis – By End-User
      Fig.102	Market Attractiveness Analysis – By Region
      Fig.103	Marine Insurance Industrial Chain Analysis
      Fig.104	Market Channels
      Fig.105	Marketing Channel Development Trend
      Fig.106	Growth in World Gross Product, 2008-2018
      

      List of Tables

      Table 1	Global Marine Insurance Market, 2019 & 2026 (USD Billion)
      Table 2	Global Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 3	Global Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 4	Global Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 5	Global Marine Insurance Market, by Region, 2016 – 2026 (USD Billion)
      Table 6	North America Marine Insurance Market, by Country, 2016 – 2026 (USD Billion)
      Table 7	North America Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 8	North America Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 9	North America Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 10 Europe Marine Insurance Market, by Country, 2016 – 2026 (USD Billion)
      Table 11 Europe Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 12 Europe Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 13 Europe Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 14 Asia Pacific Marine Insurance Market, by Country, 2016 – 2026 (USD Billion)
      Table 15 Asia Pacific Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 16 Asia Pacific Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 17 Asia Pacific Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 18 Latin America Marine Insurance Market, by Country, 2016 – 2026 (USD Billion)
      Table 19 Latin America Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 20 Latin America Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 21 Latin America Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 22 The Middle-East and Africa Marine Insurance Market, by Country, 2016 – 2026 (USD Billion)
      Table 23 The Middle-East and Africa Marine Insurance Market, by Type, 2016 – 2026 (USD Billion)
      Table 24 The Middle-East and Africa Marine Insurance Market, by Distribution Channel, 2016 – 2026 (USD Billion)
      Table 25 The Middle-East and Africa Marine Insurance Market, by End-User, 2016 – 2026 (USD Billion)
      Table 26 Global Marine Insurance Market - Company Revenue Analysis, 2016 – 2019 (USD Billion)
      Table 27 Global Marine Insurance Market - Company Revenue Share Analysis, 2016 – 2019 (%)
      Table 28 Acquisitions and Mergers
      Table 29 Market Drivers – Impact Analysis
      Table 30 Market Restraints
      Table 31 Market Opportunities
      Table 32 Major Buyers of Marine Insurance
      Table 33 Distributors/Traders of Marine Insurance by Region
      

Covid-19

Marine Insurance Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Arthur J. Gallagher & Co.
  • American International Group Inc.
  • American Financial Group Inc.
  • Allianz SE
  • Axa S.A.
  • Aon Plc
  • Berkshire Hathaway Specialty Insurance
  • Swiss Re
  • Zurich Insurance Group
  • Assicurazioni Generali S.p.A.
  • Tokio Marine Holdings Inc.
  • Aspen Insurance Holdings Limited
  • Chubb Limited
  • The Hanover Insurance Group Inc.
  • Markel Corporation
  • ProSight Global Inc.
  • Sompo International Holdings Ltd
  • RLI Corp
  • The Hartford
  • The Travelers Indemnity Company
  • HDI Global SE
  • Intact Insurance Company
  • Beazley Group Inc.
  • Starr International Company
  • Marsh LTD.
     

Frequently Asked Questions

The factors projected to drive the global marine insurance market includes the rising adoption of analytics & telematics to gain better assessment in case of existing or future risks occurring in the marine business. Additionally, the growing awareness toward marine insurance, rising damages to the ships or cargo vessels, and other factors are other factors augmenting the market growth.
According to Facts & Factors, global demand for marine insurance market is expected to generate revenue of around USD 31 Billion by end of 2026, growing at a CAGR of around 4% between 2021 and 2026.
Asia Pacific accounts for the highest growth rate during the forecast period due to the growing market players operating in the marine insurance to offer quality services and also the improvements in the trading activities in the Asia Pacific is anticipated to have a positive impact on the marine insurance market.
The key participants in the global marine insurance market are Arthur J. Gallagher & Co., American International Group, Inc., American Financial Group, Inc., Allianz SE, Axa S.A., Aspen Insurance Holdings Limited, and Aon Plc, among others.
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