Marine Insurance Market Size, Share, Trends, Growth 2032
Marine Insurance Market By Type (Transport/Cargo, Hull, Offshore/Energy, and Marine Liability) and By Insurance (Loss/Damage, Fire/Explosion, Natural Calamity, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 29.48 Billion | USD 39.14 Billion | 3.2% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global marine insurance market, 2016-2026 (USD Million)
- 2.2. Global marine insurance market: Snapshot
- Chapter 3. Marine Insurance Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market drivers
- 3.2.1. Global marine insurance market drivers: Impact analysis
- 3.2.2. The growing use of Online Portals
- 3.2.3. Increasing Internet of Things (IoT) usage
- 3.3. Market Restraints
- 3.3.1. Global marine insurance market restraints: Impact analysis
- 3.3.2. Sluggish Global Trade
- 3.4. Opportunities
- 3.4.1. Opportunities in the Asian market
- 3.5. Porter's Five Forces Analysis
- 3.6. Market attractiveness analysis
- 3.6.1. Market attractiveness analysis, by type
- 3.6.2. Market attractiveness analysis, by insurance
- 3.6.3. Market attractiveness analysis, by region
- Chapter 4. Global Marine Insurance Market - Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global marine insurance market: company market share, 2018
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New material launch
- 4.2.3. Agreements, partnerships, collaborations, and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.1. Company market share analysis
- Chapter 5. Global Marine Insurance Market - Type Analysis
- 5.1. Global marine insurance market: Type overview
- 5.1.1. Global marine insurance market revenue share, by type, 2018 and 2026
- 5.2. Transport/Cargo
- 5.2.1. Global marine insurance market for transport/cargo, 2016-2026 (USD Million)
- 5.3. Hull
- 5.3.1. Global marine insurance market for hull, 2016-2026 (USD Million)
- 5.4. Offshore/Energy
- 5.4.1. Global marine insurance market for offshore/energy, 2016-2026 (USD Million)
- 5.5. Marine Liability
- 5.5.1. Global marine insurance market for marine liability, 2016-2026 (USD Million)
- 5.1. Global marine insurance market: Type overview
- Chapter 6. Global Marine Insurance Market - Insurance Analysis
- 6.1. Global marine insurance market: Insurance overview
- 6.1.1. Global marine insurance market revenue share, by insurance, 2018 and 2026
- 6.2. Loss/Damage
- 6.2.1. Global marine insurance market for loss/damage, 2016-2026 (USD Million)
- 6.3. Fire/Explosion
- 6.3.1. Global marine insurance market for fire/explosion, 2016-2026 (USD Million)
- 6.4. Natural Calamity
- 6.4.1. Global marine insurance market for natural calamity, 2016-2026 (USD Million)
- 6.5. Others
- 6.5.1. Global marine insurance market for others, 2016-2026 (USD Million)
- 6.1. Global marine insurance market: Insurance overview
- Chapter 7. Global Marine Insurance Market - Regional Analysis
- 7.1. Global marine insurance market: Regional overview
- 7.1.1. Global marine insurance market revenue share, by region, 2018 and 2026
- 7.2. North America
- 7.2.1. North America marine insurance market, 2016-2026 (USD Million)
- 7.2.2. North America marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.2.3. North America marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.2.4. The U.S.
- 7.2.4.1. The U.S. marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.2.4.2. The U.S. marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.2.5. Canada
- 7.2.5.1. Canada marine insurance market revenue, by liquid type, 2016-2026 (USD Million)
- 7.2.5.2. Canada marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3. Europe
- 7.3.1. Europe marine insurance market, 2016-2026 (USD Million)
- 7.3.2. Europe marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.3. Europe marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.4. UK
- 7.3.4.1. UK marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.4.2. UK marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Germany marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.5.2. Germany marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.6. France
- 7.3.6.1. France marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.6.2. France marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.7. Spain
- 7.3.7.1. Spain marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.7.2. Spain marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Italy marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.8.2. Italy marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.3.9. Rest of Europe
- 7.3.9.1. Rest of Europe marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.3.9.2. Rest of Europe marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific marine insurance market, 2016-2026 (USD Million)
- 7.4.2. Asia Pacific marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.3. Asia Pacific marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4.4. China
- 7.4.4.1. China marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.4.2. China marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4.5. Japan
- 7.4.5.1. Japan marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.5.2. Japan marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4.6. India
- 7.4.6.1. India marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.6.2. India marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4.7. Singapore
- 7.4.7.1. Singapore marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.7.2. Singapore marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.4.8. Rest of Asia Pacific
- 7.4.8.1. Rest of Asia Pacific marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.4.8.2. Rest of Asia Pacific marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America marine insurance market, 2016-2026 (USD Million)
- 7.5.2. Latin America marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.5.3. Latin America marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.5.4. Brazil
- 7.5.4.1. Brazil marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.5.4.2. Brazil marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.5.5. Rest of Latin America
- 7.5.5.1. Rest of Latin America marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.5.5.2. Rest of Latin America marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.6. The Middle East and Africa
- 7.6.1. The Middle East and Africa marine insurance market, 2016-2026 (USD Million)
- 7.6.2. The Middle East and Africa marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.6.3. The Middle East and Africa marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.6.4. GCC Countries
- 7.6.4.1. GCC Countries marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.6.4.2. GCC Countries marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. South Africa marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.6.5.2. South Africa marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.6.6. Rest of MEA
- 7.6.6.1. Rest of MEA marine insurance market revenue, by type, 2016-2026 (USD Million)
- 7.6.6.2. Rest of MEA marine insurance market revenue, by insurance, 2016-2026 (USD Million)
- 7.1. Global marine insurance market: Regional overview
- Chapter 8. Company Profile
- 8.1. Allianz
- 8.1.1. Overview
- 8.1.2. Financials
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategy
- 8.1.5. Recent Developments
- 8.2. American International
- 8.2.1. Overview
- 8.2.2. Financials
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategy
- 8.2.5. Recent Developments
- 8.3. Anderson Insurance Agency
- 8.3.1. Overview
- 8.3.2. Financials
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategy
- 8.3.5. Recent Developments
- 8.4. Aries Marine Insurance Brokers
- 8.4.1. Overview
- 8.4.2. Financials
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategy
- 8.4.5. Recent Developments
- 8.5. Ascot
- 8.5.1. Overview
- 8.5.2. Financials
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategy
- 8.5.5. Recent Developments
- 8.6. Atrium
- 8.6.1. Overview
- 8.6.2. Financials
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategy
- 8.6.5. Recent Developments
- 8.7. AXA Insurance Company
- 8.7.1. Overview
- 8.7.2. Financials
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategy
- 8.7.5. Recent Developments
- 8.8. Beazley
- 8.8.1. Overview
- 8.8.2. Financials
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategy
- 8.8.5. Recent Developments
- 8.9. Berkshire Hathaway Specialty Insurance
- 8.9.1. Overview
- 8.9.2. Financials
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategy
- 8.9.5. Recent Developments
- 8.10. Brown & Brown
- 8.10.1. Overview
- 8.10.2. Financials
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategy
- 8.10.5. Recent Developments
- 8.11. Gard
- 8.11.1. Overview
- 8.11.2. Financials
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategy
- 8.11.5. Recent Developments
- 8.12. Hannover Re
- 8.12.1. Overview
- 8.12.2. Financials
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategy
- 8.12.5. Recent Developments
- 8.13. Lampe & Schwartze
- 8.13.1. Overview
- 8.13.2. Financials
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategy
- 8.13.5. Recent Developments
- 8.14. HDFC ERGO General Insurance
- 8.14.1. Overview
- 8.14.2. Financials
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategy
- 8.14.5. Recent Developments
- 8.15. Gallagher
- 8.15.1. Overview
- 8.15.2. Financials
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategy
- 8.15.5. Recent Developments
- 8.16. Marsh
- 8.16.1. Overview
- 8.16.2. Financials
- 8.16.3. Product Portfolio
- 8.16.4. Business Strategy
- 8.16.5. Recent Developments
- 8.17. Jardine Lloyd Thompson Group
- 8.17.1. Overview
- 8.17.2. Financials
- 8.17.3. Product Portfolio
- 8.17.4. Business Strategy
- 8.17.5. Recent Developments
- 8.18. Lockton
- 8.18.1. Overview
- 8.18.2. Financials
- 8.18.3. Product Portfolio
- 8.18.4. Business Strategy
- 8.18.5. Recent Developments
- 8.19. Munich Re
- 8.19.1. Overview
- 8.19.2. Financials
- 8.19.3. Product Portfolio
- 8.19.4. Business Strategy
- 8.19.5. Recent Developments
- 8.20. Sirius International Insurance
- 8.20.1. Overview
- 8.20.2. Financials
- 8.20.3. Product Portfolio
- 8.20.4. Business Strategy
- 8.20.5. Recent Developments
- 8.21. SOMPO Taiwan Brokers
- 8.21.1. Overview
- 8.21.2. Financials
- 8.21.3. Product Portfolio
- 8.21.4. Business Strategy
- 8.21.5. Recent Developments
- 8.22. Swiss Re
- 8.22.1. Overview
- 8.22.2. Financials
- 8.22.3. Product Portfolio
- 8.22.4. Business Strategy
- 8.22.5. Recent Developments
- 8.23. Thomas Miller
- 8.23.1. Overview
- 8.23.2. Financials
- 8.23.3. Product Portfolio
- 8.23.4. Business Strategy
- 8.23.5. Recent Developments
- 8.24. Tokio Marine Holdings
- 8.24.1. Overview
- 8.24.2. Financials
- 8.24.3. Product Portfolio
- 8.24.4. Business Strategy
- 8.24.5. Recent Developments
- 8.25. United India Insurance
- 8.25.1. Overview
- 8.25.2. Financials
- 8.25.3. Product Portfolio
- 8.25.4. Business Strategy
- 8.25.5. Recent Developments
- 8.26. Willis Towers Watson
- 8.26.1. Overview
- 8.26.2. Financials
- 8.26.3. Product Portfolio
- 8.26.4. Business Strategy
- 8.26.5. Recent Developments
- 8.27. XL Catlin
- 8.27.1. Overview
- 8.27.2. Financials
- 8.27.3. Product Portfolio
- 8.27.4. Business Strategy
- 8.27.5. Recent Developments
- 8.28. Zurich Insurance
- 8.28.1. Overview
- 8.28.2. Financials
- 8.28.3. Product Portfolio
- 8.28.4. Business Strategy
- 8.28.5. Recent Developments
- 8.29. Chubb
- 8.29.1. Overview
- 8.29.2. Financials
- 8.29.3. Product Portfolio
- 8.29.4. Business Strategy
- 8.29.5. Recent Developments
- 8.1. Allianz
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global marine insurance market revenue, 2016–2026 (USD Million)
4. Porter’s Five Forces Analysis
5. Marine Insurance market attractiveness analysis, by type
6. Marine Insurance market attractiveness analysis, by insurance
7. Marine Insurance market: market attractiveness analysis, by region
8. Company market share analysis, 2018
9. Global marine insurance market revenue share by, type, 2018 and 2026
10. Global marine insurance market for transport/cargo, 2016–2026 (USD Million)
11. Global marine insurance market for hull, 2016–2026 (USD Million)
12. Global marine insurance market for offshore/energy, 2016–2026 (USD Million)
13. Global marine insurance market for marine liability, 2016–2026 (USD Million)
14. Global marine insurance market revenue share by insurance, 2018 and 2026
15. Global marine insurance market for loss/damage, 2016–2026 (USD Million)
16. Global marine insurance market for fire/explosion, 2016–2026 (USD Million)
17. Global marine insurance market for natural calamity, 2016–2026 (USD Million)
18. Global marine insurance market for others, 2016–2026 (USD Million)
19. North America marine insurance market, 2016–2026 (USD Million)
20. Europe marine insurance market, 2016–2026 (USD Million)
21. Asia Pacific marine insurance market, 2016–2026 (USD Million)
22. Latin America marine insurance market, 2016–2026 (USD Million)
23. The Middle East and Africa marine insurance market, 2016–2026 (USD Million)
Table Of Tables
List of Tables
1. Global marine insurance market: Market Snapshot
2. Drivers of the global marine insurance market: Impact analysis
3. Restraints of the global marine insurance market: Impact analysis
4. North America marine insurance market revenue, by type, 2016–2026 (USD Million)
5. North America marine insurance market revenue, by insurance, 2016–2026 (USD Million)
6. The U.S. marine insurance market revenue, by type, 2016–2026 (USD Million)
7. The U.S. marine insurance market revenue, by insurance, 2016–2026 (USD Million)
8. Canada marine insurance market revenue, by type, 2016–2026 (USD Million)
9. Canada marine insurance market revenue, by insurance, 2016–2026 (USD Million)
10. Europe marine insurance market revenue, by type, 2016–2026 (USD Million)
11. Europe marine insurance market revenue, by insurance, 2016–2026 (USD Million)
12. UK marine insurance market revenue, by type, 2016–2026 (USD Million)
13. UK marine insurance market revenue, by insurance, 2016–2026 (USD Million)
14. Germany marine insurance market revenue, by type, 2016–2026 (USD Million)
15. Germany marine insurance market revenue, by insurance, 2016–2026 (USD Million)
16. France marine insurance market revenue, by type, 2016–2026 (USD Million)
17. France marine insurance market revenue, by insurance, 2016–2026 (USD Million)
18. Spain marine insurance market revenue, by type, 2016–2026 (USD Million)
19. Spain marine insurance market revenue, by insurance, 2016–2026 (USD Million)
20. Italy marine insurance market revenue, by type, 2016–2026 (USD Million)
21. Italy marine insurance market revenue, by insurance, 2016–2026 (USD Million)
22. Rest of Europe marine insurance market revenue, by type, 2016–2026 (USD Million)
23. Rest of Europe marine insurance market revenue, by insurance, 2016–2026 (USD Million)
24. Asia Pacific marine insurance market revenue, by type, 2016–2026 (USD Million)
25. Asia Pacific marine insurance market revenue, by insurance, 2016–2026 (USD Million)
26. China marine insurance market revenue, by type, 2016–2026 (USD Million)
27. China marine insurance market revenue, by insurance, 2016–2026 (USD Million)
28. Japan marine insurance market revenue, by type, 2016–2026 (USD Million)
29. Japan marine insurance market revenue, by insurance, 2016–2026 (USD Million)
30. India marine insurance market revenue, by type, 2016–2026 (USD Million)
31. India marine insurance market revenue, by insurance, 2016–2026 (USD Million)
32. Rest of Asia Pacific marine insurance market revenue, by type, 2016–2026 (USD Million)
33. Rest of Asia Pacific marine insurance market revenue, by insurance, 2016–2026 (USD Million)
34. Latin America marine insurance market revenue, by type, 2016–2026 (USD Million)
35. Latin America marine insurance market revenue, by insurance, 2016–2026 (USD Million)
36. Brazil marine insurance market revenue, by type, 2016–2026 (USD Million)
37. Brazil marine insurance market revenue, by insurance, 2016–2026 (USD Million)
38. Rest of Latin America marine insurance market revenue, by type, 2016–2026 (USD Million)
39. Rest of Latin America marine insurance market revenue, by insurance, 2016–2026 (USD Million)
40. The Middle East and Africa marine insurance market revenue, by type, 2016–2026 (USD Million)
41. The Middle East and Africa marine insurance market revenue, by insurance, 2016–2026 (USD Million)
42. GCC Countries marine insurance market revenue, by type, 2016–2026 (USD Million)
43. GCC Countries marine insurance market revenue, by insurance, 2016–2026 (USD Million)
44. South Africa marine insurance market revenue, by type, 2016–2026 (USD Million)
45. South Africa marine insurance market revenue, by insurance, 2016–2026 (USD Million)
46. Rest of MEA marine insurance market revenue, by type, 2016–2026 (USD Million)
47. Rest of MEA marine insurance market revenue, by insurance, 2016–2026 (USD Million)
Methodology
FrequentlyAsked Questions
Protecting against losses or damages to ships, cargo, and other vessels during transit over water is a form of insurance coverage known as marine insurance. It encompasses a broad spectrum of hazards that are linked to maritime activities.
The demand for marine insurance is increasing due to the expansion of global trade and the growth of e-commerce, which are addressing the risks associated with the transportation of products by sea.
Zion Market Research has published a report on the global Marine Insurance Market, estimating its value at USD 29.48 Billion in 2023, with projections indicating that it will reach USD 39.14 Billion by 2032.
Zion Market Research has published a report on the global Marine Insurance Market is expected to expand at a compound annual growth rate (CAGR) of 3.2% over the forecast period 2024-2032.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players operating in the global marine insurance market are Allianz, American International, Anderson Insurance Agency, Aries Marine Insurance Brokers, Ascot, Atrium, AXA, Beazley, Berkshire Hathaway Specialty Insurance, Brown & Brown, Gard, Hannover Re, Lampe & Schwartze, HDFC ERGO General Insurance, Gallagher, Marsh, Jardine Lloyd Thompson Group, Lockton, Mitsui Sumitomo Insurance, Munich Re, Sirius International Insurance Group, SOMPO Taiwan Brokers, Swiss Re, Thomas Miller, Tokio Marine Holdings, United India Insurance, Willis Towers Watson, XL Catlin, Zurich Insurance, and Chubb.
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