Global Marine Insurance Market 2020-2024

Global Marine Insurance Market 2020-2024Technavio has been monitoring the global marine insurance market and it is poised to grow by USD 8.42 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. Our reports on global marine insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by use of multiple distribution channels. In addition, increase in the use of IoT is anticipated to boost the growth of the global marine insurance market as well.

Market Segmentation

Technavio's global marine insurance market is segmented as below:

Product:

  • Cargo
  • Hull
  • Offshore Energy
  • Marine Liability
Geographic Segmentation:
  • APAC
  • Europe
  • MEA
  • North America
  • South America
Key Trends for global marine insurance market growth

This study identifies increase in the use of IoT as the prime reasons driving the global marine insurance market growth during the next few years.

Prominent vendors in global marine insurance market

We provide a detailed analysis of around 25 vendors operating in the global marine insurance market 2020-2024, including some of the vendors such as Allianz Group, American International Group Inc., Aon Plc, Arthur J. Gallagher & Co., AXA Group, Beazley Plc, Brown & Brown Inc., Lockton Companies, Marsh & McLennan Companies Inc. and Swiss Re Ltd. .

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

About Technavio

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Market in focus
      • Table Parent market
      • Table Market characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ billion)
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2019-2024 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Cargo - Market size and forecast 2019-2024
      • Table Cargo - Market size and forecast 2019-2024 ($ billion)
      • Table Cargo - Year-over-year growth 2019-2024 (%)
    • Hull - Market size and forecast 2019-2024
      • Table Hull - Market size and forecast 2019-2024 ($ billion)
      • Table Hull - Year-over-year growth 2019-2024 (%)
    • Offshore energy - Market size and forecast 2019- 2024
      • Table Offshore energy - Market size and forecast 2019-2024 ($ billion)
      • Table Offshore energy - Year-over-year growth 2019-2024 (%)
    • Marine liability - Market size and forecast 2019- 2024
      • Table Marine liability - Market size and forecast 2019-2024 ($ billion)
      • Table Marine liability - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ billion)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ billion)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ billion)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ billion)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ billion)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Volume driver - Demand led growth
      • Use of multiple distribution channels
    • Volume driver - Supply led growth
      • Increase in premium contribution from the emerging markets
    • Volume driver - External factors
      • Improvements in industry regulations
    • Market challenges
      • Low profitability
      • Lack of technology adoption
      • Increased probability of catastrophic losses
      • Impact of catastrophic losses on the insurers' balance sheet and pricing, as well as the rating system
        • Table Impact of drivers and challenges
    • Market trends
      • Increase in M&A and collaborations
      • Increase in the use of IoT
      • Increase in automation of business processes
      • Integration of IT and analytic solutions
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
    • Competitive scenario
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Allianz Group
      • Table Allianz Group - Overview
      • Table Allianz Group - Business segments
      • Table Allianz Group - Key offerings
      • Table Allianz Group - Segment focus
    • American International Group Inc.
      • Table American International Group Inc. - Overview
      • Table American International Group Inc. - Business segments
      • Table American International Group Inc. - Key offerings
      • Table American International Group Inc. - Key offerings
      • Table American International Group Inc. - Segment focus
    • Aon Plc
      • Table Aon Plc - Overview
      • Table Aon Plc - Business segments
      • Table Aon Plc - Key news
      • Table Aon Plc - Key offerings
      • Table Aon Plc - Segment focus
    • Arthur J. Gallagher & Co.
      • Table Arthur J. Gallagher & Co. - Overview
      • Table Arthur J. Gallagher & Co. - Business segments
      • Table Arthur J. Gallagher & Co. - Key news
      • Table Arthur J. Gallagher & Co. - Key offerings
      • Table Arthur J. Gallagher & Co. - Segment focus
    • AXA Group
      • Table AXA Group - Overview
      • Table AXA Group - Business segments
      • Table AXA Group - Key news
      • Table AXA Group - Key offerings
      • Table AXA Group - Segment focus
    • Beazley Plc
      • Table Beazley Plc - Overview
      • Table Beazley Plc - Business segments
      • Table Beazley Plc - Key news
      • Table Beazley Plc - Key offerings
      • Table Beazley Plc - Segment focus
    • Brown & Brown Inc.
      • Table Brown & Brown Inc. - Overview
      • Table Brown & Brown Inc. - Business segments
      • Table Brown & Brown Inc. - Key news
      • Table Brown & Brown Inc. - Key offerings
      • Table Brown & Brown Inc. - Segment focus
    • Lockton Companies
      • Table Lockton Companies - Overview
      • Table Lockton Companies - Product and service
      • Table Lockton Companies - Key news
      • Table Lockton Companies - Key offerings
    • Marsh & McLennan Companies Inc.
      • Table Marsh & McLennan Companies Inc. - Overview
      • Table Marsh & McLennan Companies Inc. - Business segments
      • Table Marsh & McLennan Companies Inc. - Key news
      • Table Marsh & McLennan Companies Inc. - Key offerings
      • Table Marsh & McLennan Companies Inc. - Segment focus
    • Swiss Re Ltd.
      • Table Swiss Re Ltd. - Overview
      • Table Swiss Re Ltd. - Business segments
      • Table Swiss Re Ltd. - Key news
      • Table Swiss Re Ltd. - Key offerings
      • Table Swiss Re Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market Definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook