DUBLIN, August 04, 2021--(BUSINESS WIRE)--The "Marine Insurance Market By Type, Distribution Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
Marine insurance provides coverage for loss or damage of ships, cargo, terminals, and any other transport engaged in transferring & acquiring of goods held between the points of origin and the final destination.
This insurance policy relies on the principle of utmost good faith. Furthermore, hull insurance, cargo insurance, marine liability insurance, and offshore/energy insurance are the major coverages covered by marine insurance. It provides several policies including floating policy, voyage policy, time policy, mixed policy, fleet policy, and single vessel policy.
Huge losses and higher concentrations of cargo in warehouses, ports & in transit are propelling the demand for marine insurance globally. In addition, increased implementation of telematics which enables real-time tracking & monitoring telematic information regarding the activity of insured vessels are major factors that drive the market growth.
However, imposition of lockdown with stringent measures across several countries and sudden increments in marine insurance premiums 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 their manufacturing sector. Therefore, expansion of business and supply of goods & services are expected to provide an immense opportunity to the marine insurance market.
Moreover, several benefits such as facilitating loss prediction & prevention, risk monitoring, and simplifies claims processing provided with an incorporation of IoT promote the demand for marine insurance in the coming years.
The report analyses the profiles of key players operating in the marine insurance market such as Allianz, American International Group, Inc., Aon plc, Arthur J. Gallagher & Co., AXA, Chubb, Lloyd's, Lockton Companies, Marsh LLC, and Zurich.
These players have adopted various strategies to increase their market penetration and strengthen their position in the marine insurance industry.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Market Share Analysis/Top Player Positioning 2020
3.5. Market Dynamics
3.6. Covid-19 Impact Analysis On Marine Insurance Market
Chapter 4: Marine Insurance Market By Type
4.2. Cargo Insurance
4.3. Hull & Machinery Insurance
4.4. Marine Liability Insurance
4.5. Offshore/Energy Insurance
Chapter 5: Marine Insurance Market By Distribution Channel
5.3. Retail Brokers
Chapter 6: Marine Insurance Market By End User
6.2. Ship Owners
Chapter 7: Marine Insurance Market By Region
Chapter 8: Company Profiles
American International Group Inc.
Arthur J. Gallagher & Co.
For more information about this report visit https://www.researchandmarkets.com/r/io9gqd
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005574/en/
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