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Global Commercial Insurance Market (2022-2027) by Type, Distribution channel, Enterprise, Industry Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5566916
  • Report
  • March 2022
  • Region: Global
  • 172 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Allianz
  • AVIVA
  • Chubb
  • Marsh
  • Tokio Marine US PC Group
  • W.R. Berkley Group
The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.



Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Commercial Insurance Market 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 Segmentation

  • The Global Commercial Insurance Market is segmented based on Type, Distribution channel, Enterprise, Industry Verticle, and Geography.
  • Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.
  • Distribution channel, the market is classified into Agents and Brokers, Direct Response, and Others.
  • Enterprise, the market is classified into Small Scale Enterprise, Medium scale Enterprise, and Large scale Enterprise.
  • Industry Verticle, the market is classified into Manufacturing, Energy and Utilities, Construction, IT and Telecom, Healthcare, and Others.
  • 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 Allianz, - American International Group, AON, AVIVA, AXA, Chubb, Direct Line Insurance Group, Marsh, 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 analyst analyses 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 analyst 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 and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is 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 analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the 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
Frequently Asked Questions about the Global Commercial Insurance Market

What is the estimated value of the Global Commercial Insurance Market?

The Global Commercial Insurance Market was estimated to be valued at $709.9 Billion in 2022.

What is the growth rate of the Global Commercial Insurance Market?

The growth rate of the Global Commercial Insurance Market is 10.0%, with an estimated value of $1147.5 Billion by 2027.

What is the forecasted size of the Global Commercial Insurance Market?

The Global Commercial Insurance Market is estimated to be worth $1147.5 Billion by 2027.

Who are the key companies in the Global Commercial Insurance Market?

Key companies in the Global Commercial Insurance Market include Allianz, American International Group, AON, AVIVA, AXA, Chubb, Direct Line Insurance Group, Marsh and Zurich.

FEATURED COMPANIES

  • Allianz
  • AVIVA
  • Chubb
  • Marsh
  • Tokio Marine US PC Group
  • W.R. Berkley Group

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 across the Globe
4.2.2 High insurance premium
4.2.3 Lack of Awareness among Small Sizes Enterprises
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 Impact of COVID-19
5.4 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 Distribution channel
7.1 Introduction
7.2 Agents and Brokers
7.3 Direct Response
7.4 Others
8 Global Commercial Insurance Market, By Enterprise
8.1 Introduction
8.2 Small Scale Enterprise
8.3 Medium scale Enterprise
8.4 Large scale Enterprise
9 Global Commercial Insurance Market, By Industry Verticle
9.1 Introduction
9.2 Manufacturing
9.3 Energy and 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 Allianz
15.2 American International Group
15.3 AON
15.4 AVIVA
15.5 AXA
15.6 Chubb
15.7 Direct Line Insurance Group
15.8 Marsh
15.9 Willis Towers Watson
15.10 Zurich
15.11 Travelers Group
15.12 USAA Group
15.13 Nationwide Group
15.14 American Intl Group
15.15 Famers Ins Group
15.16 Hartford Ins Group
15.17 Tokio Marine US PC Group
15.18 CAN Ins Cos
15.19 Munich-American
15.20 W.R. Berkley Group
16 Appendix
16.1 Questionnaire
  • Allianz
  • American International Group
  • AON
  • AVIVA
  • AXA
  • Chubb
  • Direct Line Insurance Group
  • Marsh
  • Willis Towers Watson
  • Zurich
  • Travelers Group
  • USAA Group
  • Nationwide Group
  • American Intl Group
  • Famers Ins Group
  • Hartford Ins Group
  • Tokio Marine US PC Group
  • CAN Ins Cos
  • Munich-American
  • W.R. Berkley Group