Global Property Insurance Market in the Oil and Gas Sector 2016-2020

  • ID: 3920562
  • Report
  • Region: Global
  • 58 pages
  • TechNavio
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FEATURED COMPANIES

  • ACE
  • Aon
  • Cravens Warren
  • Heirs Insurance Brokers
  • Jardine Lloyd Thompson
  • Marsh
  • MORE
About Global Property Insurance in the Oil and Gas Market

The global property insurance in the oil and gas market is reliant upon the state of the global oil and gas market. It also depends on the broader insurance market cycle. The recent retreat in the global crude oil and associated energy prices is expected to have a significant effect on the course followed by the market over the forecast period. The global property insurance in the oil and gas market was valued at $14.171 billion in the year 2015 and is anticipated to expand at a CAGR of 3.349% over the forecast period.

The analysts forecast the global property insurance in oil and gas market to grow at a CAGR of 3.349% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global property insurance in oil and gas market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for property insurance for its application by end-users in each region and their corresponding key countries.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Property Insurance in Oil and Gas Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- American International Group
- Allianz
- Willis-Tower Watsons
- Marsh
- Aon

Other prominent vendors
- XL Caitlin
- Liberty Mutual
- Intact Insurance
- Travelers
- Cravens Warren
- ACE
- Empire Company
- Jardine Lloyd Thompson
- Heirs Insurance Brokers
- AON Benfield
- Osprey Insurance Brokers
- Paragon Insurance
- Starr Tech

Market drivers
- Need for hedging expensive oil and gas assets

Market challenges
- Effects of investment cuts in oil and gas industry

Market trends
- Emergence of engineering services

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • ACE
  • Aon
  • Cravens Warren
  • Heirs Insurance Brokers
  • Jardine Lloyd Thompson
  • Marsh
  • MORE
PART 01: Executive summary

PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by sector
  • Global property insurance in oil and gas market by sector
PART 07: Geographical segmentation
  • Global property insurance in oil and gas market 2016-2020 segmentation by geography
  • APAC
  • Americas
  • EMEA
PART 08: Market drivers
  • Increased risks due to shifting bases of exploration
  • Enforcement of strict regulations
  • Need for hedging expensive oil and gas assets
PART 09: Impact of drivers

PART 10: Market challenges
  • Effects of investment cuts in oil and gas industry
  • Complexities associated with evolving technology
  • Increased probability of catastrophic losses
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Increase in business interruption claims
  • Emergence of engineering services
  • Increase in deductible limits
PART 13: Vendor landscape
  • Other prominent vendors
PART 14: Key vendor analysis
Insurance providers
  • American International Group
  • Allianz
  • Insurance brokers
  • Willis-Tower Watsons
  • Marsh
  • Aon
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits

Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Global property insurance in oil and gas market
Exhibit 04: Global property insurance in oil and gas market 2016-2020 by revenues ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global property insurance in oil and gas market by sector 2015-2020 (%)
Exhibit 07: Global property insurance in oil and gas market by sector 2015-2020 ($ billions)
Exhibit 08: Global property insurance in oil and gas by upstream sector 2015-2020 ($ billions)
Exhibit 09: Global property insurance in oil and gas by midstream sector 2015-2020 ($ billions)
Exhibit 10: Global property insurance in oil and gas by downstream sector 2015-2020 ($ billions)
Exhibit 11: Global property insurance in oil and gas market shares by geography 2015-2020 (%)
Exhibit 12: Global property insurance in oil and gas market shares by geography 2015-2020 ($ Billions)
Exhibit 13: APAC property insurance in oil and gas market outlook 2015-2020 ($ billions)
Exhibit 14: Americas property insurance in oil and gas market outlook 2015-2020 ($ billions)
Exhibit 15: EMEA property insurance in oil and gas market outlook 2016-2020 (in billion $)
Exhibit 16: Shifting bases of hydrocarbon exploration
Exhibit 17: Impact of drivers
Exhibit 18: Impact of drivers and challenges
Exhibit 19: Other prominent vendors
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FEATURED COMPANIES

  • ACE
  • Aon
  • Cravens Warren
  • Heirs Insurance Brokers
  • Jardine Lloyd Thompson
  • Marsh
  • MORE
New Report Released: - Global Property Insurance in Oil and Gas Market 2016-2020

The author of the report recognizes the following companies as the key players in the global property insurance in oil and gas market: American International Group, Allianz, Willis-Tower Watsons, Marsh, and Aon.

Other Prominent Vendors in the market are: XL Caitlin, Liberty Mutual, Intact Insurance, Travelers, Cravens Warren, ACE, Empire Company, Jardine Lloyd Thompson, Heirs Insurance Brokers, AON Benfield, Osprey Insurance Brokers, Paragon Insurance, and Starr Tech.

Commenting on the report, an analyst from the research team said: “In the property insurance domain, oil and gas or otherwise, the rise in the number of business interruption claims is one of the most evident trends that has emerged over the last few years. This particular claim type is seeing an increased share in the overall loss. In the oil and gas domain, the energy players are purchasing an increasing number of BI (business interruption) covers as refining and processing margins maintain their healthy levels in the US.”

According to the report, enforcement of strict regulations will be a key driver for market growth. One of the inherent characteristics of the insurance market pertains to the immediate use of the policy and the premiums. In the oil and gas industry, the sum insured and the related premium are pretty high. The high levels of risks associated with the operations also add to the increase in the premiums paid for covers. As the insurance premiums rise in any particular year, it has an effect on the profit margins of the vendors. This reason has forced, over the years, many smaller oil and gas companies to forego the insurance cover costs.

Further, the report states that one of the challenges for the market will be complexities associated with evolving technology. As with any industry, the property insurance in the oil and gas business is deeply affected by the changing contours of the various operations and the technology. Thus, employed. The insurance business is based on the insurance underwriter's perception of the risks associated with the industry. The key ingredient in the building up of this perception is based on deep understanding of the technology and years of experience. As the oil and gas operations move into newer avenues and employ radically new technologies, many seasoned underwriters are at a loss for words. This has affected the operation models of many brokers and insurers in the oil and gas domain.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- American International Group
- Allianz
- Willis-Tower Watsons
- Marsh
- Aon
- XL Caitlin
- Liberty Mutual
- Intact Insurance
- Travelers
- Cravens Warren
- ACE
- Empire Company
- Jardine Lloyd Thompson
- Heirs Insurance Brokers
- AON Benfield
- Osprey Insurance Brokers
- Paragon Insurance
- Starr Tech
Note: Product cover images may vary from those shown
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