Gains in both policy volumes and premium prices have spurred revenue growth for the Boat Insurance industry over the five years to 2016. Industry operators primarily underwrite boat insurance policies that provide financial protection against physical damage to the boat and bodily injury resulting from accidents. The market for boat insurers has also been impacted by distinct demographic changes over the past five years that are expected to continue going forward. Over the five years to 2021, industry revenue is forecast to rise. Continued increases in boat registrations and premium prices are expected during the period, particularly with per capita disposable income anticipated to rise.
This industry underwrites boat insurance policies for privately-owned watercraft. A boat owner’s insurance policy can insure against risks of owning and operating a boat, its motor and its trailer. These risks include sinking, fire, theft, and collision. Insurers for commercial boating operators are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.