+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Global Commercial Insurance Market (2023-2028) Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

  • PDF Icon

    Report

  • 168 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5601665

Globally it is mandatory to have third-party insurance, be it a private or commercial vehicle

The Global Commercial Insurance Market is estimated to be USD 800.34 Bn in 2023 and is expected to reach USD 1290.72 Bn by 2028 growing at a CAGR of 10.03%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Commercial Insurance Market is segmented based on Type, Enterprise, Distribution channel, Industry Vertical, and Geography.
  • By Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.
  • By Enterprise, the market is classified into Small Scale Enterprise, Medium scale Enterprise, and Large scale Enterprise.
  • By Distribution channel, the market is classified into Agents & Brokers, Direct Response, and Others.
  • By Industry Vertical, the market is classified into Manufacturing, Energy & Utilities, Construction, IT & Telecom, Healthcare, and Others.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are American International Group, American International Group, Inc., Aon PLC, Aviva PLC, AXA XL, Chubb Corp., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Commercial Insurance Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Commercial Insurance Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Commercial Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increase in Need for Insurance Policies among the Enterprises
4.1.2 Increase Trend of Start-Up Business
4.1.3 Increasing Digitization in Insurance Industry
4.2 Restraints
4.2.1 Varied Insurance Regulations
4.2.2 High Insurance Premium
4.3 Opportunities
4.3.1 Rising Usage of Automatic and Complex Devices in The Retail, Construction and Healthcare Industries
4.3.2 Adoption of Advanced Technology in Commercial Insurance
4.4 Challenges
4.4.1 Data Security and Privacy Concerns Due to Increasing Cyber-Attacks
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Commercial Insurance Market, By Type
6.1 Introduction
6.2 Commercial Motor Insurance
6.3 Commercial Property Insurance
6.4 Liability Insurance
6.5 Marine Insurance
6.6 Others
7 Global Commercial Insurance Market, By Enterprise
7.1 Introduction
7.2 Small Scale Enterprise
7.3 Medium Scale Enterprise
7.4 Large Scale Enterprise
8 Global Commercial Insurance Market, By Distribution channel
8.1 Introduction
8.2 Agents & Brokers
8.3 Direct Response
8.4 Others
9 Global Commercial Insurance Market, By Industry Vertical
9.1 Introduction
9.2 Manufacturing
9.3 Energy & Utilities
9.4 Construction
9.5 IT and Telecom
9.6 Healthcare
9.7 Others
10 Americas' Commercial Insurance Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe's Commercial Insurance Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa's Commercial Insurance Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC's Commercial Insurance Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 AF Group
15.2 Allianz SE
15.3 American International Group
15.4 Aon PLC
15.5 Aviva PLC
15.6 AXA XL
15.7 Chubb Corp.
15.8 Direct Line Insurance Group PLC
15.9 Encova Insurance
15.10 Famers Ins Group
15.11 Grange Insurance
15.12 Marsh Commercial
15.13 Munich Re
15.14 Nationwide Group
15.15 Tokio Marine Group
15.16 USAA Group
15.17 W.R. Berkley Group
15.18 Willis Towers Watson
15.19 Zurich Commercial Insurance
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • AF Group
  • Allianz SE
  • American International Group
  • Aon PLC
  • Aviva PLC
  • AXA XL
  • Chubb Corp.
  • Direct Line Insurance Group PLC
  • Encova Insurance
  • Famers Ins Group
  • Grange Insurance
  • Marsh Commercial
  • Munich Re
  • Nationwide Group
  • Tokio Marine Group
  • USAA Group
  • W.R. Berkley Group
  • Willis Towers Watson
  • Zurich Commercial Insurance

Table Information