Specialty Insurance Market: Global Market Size, Forecast, Insights, and Competitive Landscape

The global specialty insurance market is expected to grow at a CAGR of around 8.7% during 2023-2030. This report on global specialty insurance market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global specialty insurance market by categorising the market based on various segments including detailed regional segmentation. Also, detailed profiles of companies operating in the global specialty insurance market are provided in this report, which includes company description, business overview, product portfolio, and financial details.

This report provides an in-depth analysis of overall market and its segments. The historic numbers and forecasts are provided for each of the segments and for the countries covered in the report. This report also includes a detailed impact of COVID-19 pandemic on the global specialty insurance market.

Apart from the quantitative analysis, the report also provides qualitative analysis, including SWOT analysis, porter’s five forces, and value chain of the industry. It also includes descriptive market drivers, opportunities, on-going & future trends, and challenges.

We believe that this report will aid the professionals and industry stakeholders in making informed decision.

Historical & Forecast Period

Base Year: 2022
Historical Period: 2018-2022
Forecast Period: 2023-2030

Market by Type

Marine, Aviation & Transport (MAT)

○ Marine Insurance

Inland Marine Insurance
Ocean Marine Insurance

○ Cargo Insurance

○ Hull & Machinery Insurance

○ Marine Liability Insurance

○ Offshore Energy Insurance

○ Aviation Insurance

Political Risk & Credit Insurance
Entertainment Insurance
Art Insurance
Livestock & Aquaculture Insurance
Others

Market by Distribution Channel

Brokers
Non-Brokers

Market by End User

Business
Individuals

Market by Region

Europe

○ Germany

○ United Kingdom

○ France

○ Italy

○ Spain

○ Russia

○ Netherlands

○ Rest of Europe

North America

○ United States

○ Canada

Asia Pacific

○ China

○ Japan

○ India

○ South Korea

○ Australia

○ Indonesia

○ Rest of Asia Pacific

Latin America

○ Mexico

○ Brazil

○ Argentina

○ Rest of Latin America

Middle East & Africa

○ Saudi Arabia

○ Turkey

○ Iran

○ Rest of Middle East & Africa

Key Highlights of Report

Overview of global specialty insurance market.
Analysis of market trends, historical data, market estimates for the base year, and projections of compound annual growth rates (CAGRs) through the forecast period
Profiles of the key companies
SWOT analysis, Porter’s five forces, and value chain analysis of global specialty insurance market

Key Questions Answered in the Report

What will be the global specialty insurance market size and the growth rate in the coming year?
What are the main key factors driving the market?
What are the key market trends impacting the growth of the market?
What are the market opportunities and threats in the market?
What industrial trends, drivers and challenges are manipulating its growth?
Which are trending factors influencing the market shares of the top companies?
Who are the key market players in the industry?
What is the degree of competition in the industry?
What is the impact of COVID-19 on the current industry?

Frequently Asked Questions about the Specialty Insurance Market

What is the estimated value of the Specialty Insurance Market?

The Specialty Insurance Market was estimated to be valued at $96.4 Billion in 2023.

What is the growth rate of the Specialty Insurance Market?

The growth rate of the Specialty Insurance Market is 8.7%, with an estimated value of $172.89 Billion by 2030.

What is the forecasted size of the Specialty Insurance Market?

The Specialty Insurance Market is estimated to be worth $172.89 Billion by 2030.

Who are the key companies in the Specialty Insurance Market?

Key companies in the Specialty Insurance Market include AXA, American International Group Inc., Allianz, ASSICURAZIONI GENERALI S.P.A., Berkshire Hathaway Inc., Chubb, Munich Re, PICC, Tokio Marine HCC and Zurich.

Report Attribute	Details
No. of Pages	125
Published	April 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 96.4 Billion
Forecasted Market Value ( USD ) by 2030	$ 172.89 Billion
Compound Annual Growth Rate	8.7%
Regions Covered	Global
No. of Companies Mentioned	10

1. Preface

1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions

2. Key Insights

3. Global Specialty Insurance Market

3.1. Introduction
3.2. Market Drivers
3.3. Market Challenges

4. Global Specialty Insurance Market Analysis

4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19

5. Global Specialty Insurance Market by Type

5.1. Introduction
5.2. Marine, Aviation & Transport (MAT)
5.2.1. Marine Insurance
5.2.1.1. Inland Marine Insurance
5.2.1.2. Ocean Marine Insurance
5.2.1.2.1. Cargo Insurance
5.2.1.2.2. Hull & Machinery Insurance
5.2.1.2.3. Marine Liability Insurance
5.2.1.2.4. Offshore Energy Insurance
5.2.2. Aviation Insurance
5.3 Political Risk & Credit Insurance
5.4 Entertainment Insurance
5.5 Art Insurance
5.6 Livestock & Aquaculture Insurance
5.7 Others

6. Global Specialty Insurance Market by Distribution Channel

6.1. Introduction
6.2. Brokers
6.3. Non-Brokers

7. Global Specialty Insurance Market by End User

7.1. Introduction
7.2. Business
7.3. Individuals

8. Global Specialty Insurance Market by Region

8.1. Introduction
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Russia
8.2.7. Netherlands
8.2.8. Rest of the Europe
8.3 North America
8.3.1 United States
8.3.2 Canada
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Australia
8.4.6 Indonesia
8.4.7 Rest of the Asia Pacific
8.5 Latin America
8.5.1 Mexico
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 Turkey
8.6.3 Iran
8.6.4 Rest of Middle East & Africa

9. SWOT Analysis10. Porter’s Five Forces11. Market Value Chain Analysis

12. Competitive Landscape

12.1 Competitive Scenario
12.2 Company Profiles
12.2.1 AXA
12.2.2 American International Group Inc.
12.2.3 Allianz
12.2.4 ASSICURAZIONI GENERALI S.P.A.
12.2.5 Berkshire Hathaway Inc.
12.2.6 Chubb
12.2.7 Munich Re
12.2.8 PICC
12.2.9 Tokio Marine HCC
12.2.10 Zurich

List of Figures

Figure 1: Global Specialty Insurance Market (in US$ Million), 2018-2022
Figure 2: Global Specialty Insurance Market by Type, 2022
Figure 3: Global Specialty Insurance Market by Distribution Channel, 2022
Figure 4: Global Specialty Insurance Market by End User, 2022
Figure 5: Global Specialty Insurance Market by Region, 2022
Figure 6: Global Specialty Insurance Market (in US$ Million), 2023-2030
Figure 7: Global Specialty Insurance Market by Type (in %), 2022 & 2030
Figure 8: Global Marine, Aviation & Transport (MAT) Specialty Insurance Market (in US$ Million), 2018-2022
Figure 9: Global Marine, Aviation & Transport (MAT) Specialty Insurance Market (in US$ Million), 2023-2030
Figure 10: Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 11: Inland Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 12: Ocean Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 13: Cargo Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 14: Hull & Machinery Cargo Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 15: Marine Liability Cargo Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 16: Aviation Cargo Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 17: Offshore Energy Cargo Marine Specialty Insurance Market (in US$ Million), 2018-2030
Figure 18: Global Political Risk & Credit Specialty Insurance Market (in US$ Million), 2018-2022
Figure 19: Global Political Risk & Credit Specialty Insurance Market (in US$ Million), 2023-2030
Figure 20: Global Entertainment Specialty Insurance Market (in US$ Million), 2018-2022
Figure 21: Global Entertainment Specialty Insurance Market (in US$ Million), 2023-2030
Figure 22: Global Art Specialty Insurance Market (in US$ Million), 2018-2022
Figure 23: Global Art Specialty Insurance Market (in US$ Million), 2023-2030
Figure 24: Global Livestock & Aquaculture Specialty Insurance Market (in US$ Million), 2018-2022
Figure 25: Global Livestock & Aquaculture Specialty Insurance Market (in US$ Million), 2023-2030
Figure 26: Global Specialty Insurance Market by Distribution Channel (in %), 2022 & 2030
Figure 27: Global Brokers Specialty Insurance Market (in US$ Million), 2018-2022
Figure 28: Global Brokers Specialty Insurance Market (in US$ Million), 2023-2030
Figure 29: Global Non-Brokers Specialty Insurance Market (in US$ Million), 2018-2022
Figure 30: Global Non-Brokers Specialty Insurance Market (in US$ Million), 2023-2030
Figure 31: Global Specialty Insurance Market by End User (in %), 2022 & 2030
Figure 32: Global Business Specialty Insurance Market (in US$ Million), 2018-2022
Figure 33: Global Business Specialty Insurance Market (in US$ Million), 2023-2030
Figure 34: Global Individuals Specialty Insurance Market (in US$ Million), 2018-2022
Figure 35: Global Individuals Specialty Insurance Market (in US$ Million), 2023-2030
Figure 36: Global Specialty Insurance Market by Region (in %), 2022 & 2030
Figure 37: Europe Specialty Insurance Market (in US$ Million), 2018-2022
Figure 38: Europe Specialty Insurance Market (in US$ Million), 2023-2030
Figure 39: Europe Specialty Insurance Market by Country (in %), 2022 & 2030
Figure 40: Germany Specialty Insurance Market (in US$ Million), 2018-2030
Figure 41: United Kingdom Specialty Insurance Market (in US$ Million), 2018-2030
Figure 42: France Specialty Insurance Market (in US$ Million), 2018-2030
Figure 43: Italy Specialty Insurance Market (in US$ Million), 2018-2030
Figure 44: Spain Specialty Insurance Market (in US$ Million), 2018-2030
Figure 45: Russia Specialty Insurance Market (in US$ Million), 2018-2030
Figure 46: Netherlands Specialty Insurance Market (in US$ Million), 2018-2030
Figure 47: North America Specialty Insurance Market (in US$ Million), 2018-2022
Figure 48: North America Specialty Insurance Market (in US$ Million), 2023-2030
Figure 49: North America Specialty Insurance Market by Country (in %), 2022 & 2030
Figure 50: United States Specialty Insurance Market (in US$ Million), 2018-2030
Figure 51: Canada Specialty Insurance Market (in US$ Million), 2018-2030
Figure 52: Asia Pacific Specialty Insurance Market (in US$ Million), 2018-2022
Figure 53: Asia Pacific Specialty Insurance Market (in US$ Million), 2023-2030
Figure 54: Asia Pacific Specialty Insurance Market by Country (in %), 2022 & 2030
Figure 55: China Specialty Insurance Market (in US$ Million), 2018-2030
Figure 56: Japan Specialty Insurance Market (in US$ Million), 2018-2030
Figure 57: India Specialty Insurance Market (in US$ Million), 2018-2030
Figure 58: South Korea Specialty Insurance Market (in US$ Million), 2018-2030
Figure 59: Australia Specialty Insurance Market (in US$ Million), 2018-2030
Figure 60: Indonesia Specialty Insurance Market (in US$ Million), 2018-2030
Figure 61: Latin America Specialty Insurance Market (in US$ Million), 2018-2022
Figure 62: Latin America Specialty Insurance Market (in US$ Million), 2023-2030
Figure 63: Latin America Specialty Insurance Market by Country (in %), 2022 & 2030
Figure 64: Mexico Specialty Insurance Market (in US$ Million), 2018-2030
Figure 65: Brazil Specialty Insurance Market (in US$ Million), 2018-2030
Figure 66: Argentina Specialty Insurance Market (in US$ Million), 2018-2030
Figure 67: Middle East & Africa Specialty Insurance Market (in US$ Million), 2018-2022
Figure 68: Middle East & Africa Specialty Insurance Market (in US$ Million), 2023-2030
Figure 69: Middle East & Africa Specialty Insurance Market by Country (in %), 2022 & 2030
Figure 70: Saudi Arabia Specialty Insurance Market (in US$ Million), 2018-2030
Figure 71: Turkey Specialty Insurance Market (in US$ Million), 2018-2030
Figure 72: Iran Specialty Insurance Market (in US$ Million), 2018-2030
Figure 73: Market Value Chain

List of Tables

Table 1: Global Specialty Insurance Market Portraiture
Table 2: Global Specialty Insurance Market by Type (in US$ Million), 2022 & 2030
Table 3: Marine Insurance Global Specialty Insurance Market by Type (in US$ Million), 2022 & 2030
Table 4: Ocean Marine Insurance Global Specialty Insurance Market by Type (in US$ Million), 2022 & 2030
Table 5: Global Specialty Insurance Market by Distribution Channel (in US$ Million), 2022 & 2030
Table 6: Global Specialty Insurance Market by End User (in US$ Million), 2022 & 2030
Table 7: Global Specialty Insurance Market by Region (in US$ Million), 2022 & 2030
Table 8: Europe Specialty Insurance Market by Country (in US$ Million), 2022 & 2030
Table 9: North America Specialty Insurance Market by Country (in US$ Million), 2022 & 2030
Table 10: Asia Pacific Specialty Insurance Market by Country (in US$ Million), 2022 & 2030
Table 11: Latin America Specialty Insurance Market by Country (in US$ Million), 2022 & 2030
Table 12: Middle East & Africa Specialty Insurance Market by Country (in US$ Million), 2022 & 2030
Table 13: List of Key Players