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Europe Surety Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Bond Type (Contract Surety Bond, Commercial Surety Bond, Court Surety Bond, and Fidelity Surety Bond); and Country

  • ID: 5147168
  • Report
  • August 2020
  • Region: Europe
  • 84 pages
  • The Insight Partners

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FEATURED COMPANIES

  • Chubb
  • CNA Financial Company
The Europe surety market was valued at US$ 3,608.38 million in 2019 and is projected to reach US$ 5398.33 million by 2027; it is expected to grow at a CAGR of 5.8% from 2020 to 2027.

Presently, the surety market in Europe is witnessing entrance of new competitors from the U.S. Simultaneously, existing players are reinforcing their presence and increasing their trans-border business. Regardless of the excess of capacity and uncertainties in certain key countries, the Surety market in Europe remains strong. Thus, there are several opportunities as well as challenges that the surety market is facing in the region.

The European economies for the surety market are witnessing increasing investments contributed towards the technological advancement of the sure bonds. For instance in October 2018, Accenture and Zurich Benelux collaboratively introduced a block chain based solution, which would facilitate the insurer's customers in Benelux govern the surety bonds. The system has been integrated with the existing surety management - back end and developed a novel user interface that caters as a one-stop digital hub. More such technological initiatives in the European market are expected to streamline the surety bonds procedure and make it more transparent, thereby catalyzing the surety market.

In Europe, the COVID-19 have had a hard hit on Russia followed by Spain, the UK, and Italy. The governments of respective countries are continuously emphasizing measures to contain the spread of the virus across the borders. The construction sector play a crucial role in development of various countries in the European region. In the wake of COVID-19 pandemic, the construction sector players in every country in Europe has been witnessing gradual downfall in their business. The delay in on-going projects, delay in sanctioning of newer projects, and strict social distancing measures are some of the critical parameters stalling the construction industry in the Europe. This in turn is negatively affecting the surety market in the region. The European region consists of significantly higher number of surety writers and pertaining to the fact that, the impact of the pandemic is anticipated to continue till 2021, the businesses of surety writers is foreseen to be hindered. This projects slowdown in revenue generation in European surety market till 2021.

The overall Europe surety market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the surety market. The process also serves the purpose of obtaining overview and forecast for the surety market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe surety market. CNA Financial Corporation, The Travelers Indemnity Company, Liberty Mutual Insurance Company, and Chubb, among others are among the key players serving the surety market in Europe.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Chubb
  • CNA Financial Company
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Surety Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe - PEST Analysis

5. Surety Market - Key Market Dynamics
5.1 KEY MARKET DRIVERS
5.1.1 Ageing Infrastructure in European Economies Creating a need for Massive Investments in its Restoration
5.1.2 Global Acceptance of Public Private Partnership Model Anticipated to Drive the Surety Market Growth
5.2 Market Restraints
5.2.1 Shortage of properly trained underwriter in the Surety Industry
5.3 Key Market Opportunities
5.3.1 Continuous Urbanization is Stimulating the Market Growth
5.4 Future Trends
5.4.1 Adoption of Surety Bond by Diverse End-use Industries
5.5 Impact Analysis of Drivers and Restraints

6. Surety Market - Europe Analysis
6.1 Surety Market Europe Overview
6.2 Surety Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Five Key Players

7. Surety Market Analysis - By Bond Type
7.1 Overview
7.2 Surety Market Breakdown, by Bond Type, 2019 & 2027
7.3 Contract Surety Bond
7.3.1 Overview
7.3.2 Contract Surety Bond Market Forecasts and Analysis
7.4 Commercial Surety Bond
7.4.1 Overview
7.4.2 Commercial Surety Bond Market Forecasts and Analysis
7.5 Fidelity Surety Bond
7.5.1 Overview
7.5.2 Fidelity Surety Bond Market Forecasts and Analysis
7.6 Court Surety Bond
7.6.1 Overview
7.6.2 Court Surety Bond Market Forecasts and Analysis

8. Surety Market - By Country
8.1 Overview
8.2 Surety Market, By Country (2019 and 2027)
8.2.1 Europe: Surety Market, by Key Country
8.2.1.1 UK Surety Market Revenue and Forecasts to 2027 (US$ Million)
8.2.1.1.1 UK Surety Market, by Bond Type
8.2.1.2 Germany Surety Market Revenue and Forecast to 2027 (US$ Million)
8.2.1.2.1 Germany Surety Market, by Bond Type
8.2.1.3 France Surety Market Revenue and Forecast to 2027 (US$ Million)
8.2.1.3.1 France Surety Market, by Bond Type
8.2.1.4 Spain Surety Market Revenue and Forecast to 2027 (US$ Million)
8.2.1.4.1 Spain Surety Market, by Bond Type
8.2.1.5 Italy Surety Market Revenue and Forecast to 2027 (US$ Million)
8.2.1.5.1 Italy Surety Market, by Bond Type
8.2.1.6 Rest of Europe Surety Market Revenue and Forecast to 2027 (US$ Million)
8.2.1.6.1 Rest of Europe Surety Market, by Bond Type

9. Impact of COVID-19 Pandemic Outbreak
9.1 Europe: Impact Assessment of COVID-19 Pandemic

10. Industry Landscape
10.1 Market Initiative

11. Company Profiles
11.1 CNA FINANCIAL CORPORATION
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Developments
11.2 THE TRAVELERS INDEMNITY COMPANY
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 LIBERTY MUTUAL INSURANCE COMPANY
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Financial Overview
11.3.4 SWOT Analysis
11.3.5 Key Developments
11.4 CHUBB
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Financial Overview
11.4.4 SWOT Analysis
11.4.5 Key Developments

12. Appendix
12.1 About the Publisher
12.2 Word Index

List of Tables
Table 1. SURETY MARKET – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 2. EUROPE: SURETY MARKET, BY COUNTRY – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 3. UK SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 4. GERMANY SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 5. FRANCE SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 6. SPAIN SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 7. ITALY SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 8. REST OF EUROPE SURETY MARKET, BY BOND TYPE – REVENUE AND FORECAST TO 2027 (US$ MILLION)
Table 9. LIST OF ABBREVIATION

List of Figures
Figure 1. EUROPE SURETY MARKET SEGMENTATION AND COUNTRIES
Figure 2. EUROPE SURETY MARKET OVERVIEW
Figure 3. CONTRACT SECURITY BOND SEGMENT HELD THE LARGEST MARKET SHARE
Figure 4. EUROPE – PEST ANALYSIS
Figure 5. SURETY MARKET IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
Figure 6. GEOGRAPHIC OVERVIEW OF EUROPE SURETY MARKET
Figure 7. Surety Market – Revenue and Forecast to 2027 (US$ Million)
Figure 8. SURETY MARKET BREAKDOWN, BY BOND TYPE (2019 AND 2027)
Figure 9. CONTRACT SURETY BOND MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 10. COMMERCIAL SURETY BOND MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 11. FIDELITY SURETY BOND MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 12. COURT SURETY BOND MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 13. EUROPE: SURETY MARKET REVENUE SHARE, BY KEY COUNTRY (2019 AND 2027)
Figure 14. UK SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 15. GERMANY SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 16. FRANCE SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 17. SPAIN SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 18. ITALY SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 19. REST OF EUROPE SURETY MARKET REVENUE AND FORECASTS TO 2027 (US$ MILLION)
Figure 20. Impact of COVID-19 Pandemic in Europe Country Markets
Note: Product cover images may vary from those shown
  • CNA Financial Company
  • The Travelers Indemnity Company
  • Liberty Mutual Insurance Company
  • Chubb
Note: Product cover images may vary from those shown
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