Global Freight Insurance Market Growth (Status and Outlook) 2026-2032

The global Freight Insurance market size is predicted to grow from US$ 2084 million in 2025 to US$ 3025 million in 2032; it is expected to grow at a CAGR of 5.5% from 2026 to 2032.

Freight insurance, also known as transport insurance, is a commercial insurance policy between an insurer (insurance company) and the insured (cargo owner or carrier), with various types of transported goods as the insured object. It covers losses to goods during transport caused by agreed-upon natural disasters or accidents. It primarily covers risks during sea, land, air, and multimodal transport. Core coverage includes accidents such as fire, explosion, capsizing, collision, and sinking, as well as loss or damage to goods caused by natural disasters such as storms and tsunamis. Depending on the policy terms, it may also cover general average, salvage costs, and additional risks such as theft and non-delivery. This insurance is an indispensable risk management tool in international trade and logistics, protecting the financial security and transaction stability of all parties involved by converting uncertain losses during transport into fixed premiums.

Freight insurance rates are not uniform globally and depend primarily on the value of the goods, mode of transport, route risk, and insurance terms. Taking the most common and transparent marine all risks insurance as an example, the base rate typically fluctuates between 0.1% and 0.3% of the declared value of the goods. This means that for goods valued at $100,000, the premium would be approximately $100 to $300. For high-risk goods (such as precision instruments or fragile items), goods transiting through high-risk areas (such as war-torn or pirate-infested waters), or when additional special coverage is added, rates may significantly increase to 0.5% or even higher.

The global market landscape for freight insurance exhibits a distinct characteristic of coexisting mature and emerging markets. In mature markets such as Europe and the United States, insurance systems are highly developed, with terms centered on the London insurance market (such as ICC terms) becoming the global standard for international marine insurance. The market is highly competitive and deeply segmented, offering customized solutions for everything from bulk cargo to high-tech logistics. The Asia-Pacific region, as the core of global trade, is experiencing rapid market growth. Singapore and Hong Kong are important regional pricing and service centers, continuously driving product innovation and digitalization. In emerging markets such as the Middle East, Africa, and Latin America, insurance penetration is relatively low, and the regulatory environment is still developing. Premiums may be more expensive due to regional politics and higher transportation risks, but the market potential is enormous. Overall, digital documentation, insurance products addressing supply chain disruptions, and environmental liability insurance are common global development trends.

LPI (LP Information)' newest research report, the “Freight Insurance Industry Forecast” looks at past sales and reviews total world Freight Insurance sales in 2025, providing a comprehensive analysis by region and market sector of projected Freight Insurance sales for 2026 through 2032. With Freight Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Freight Insurance industry.

This Insight Report provides a comprehensive analysis of the global Freight Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Freight Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Freight Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Freight Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Freight Insurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Freight Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:

Ground Transportation

Shipping Transportation

Air Transportation

Segmentation by Insurance Period:

Cargo Owner Insurance

Carrier Insurance

Freight Forwarder Insurance

Others

Segmentation by Policyholder:

Public Liability Insurance

Employer's Liability Insurance

Participant Accident Insurance

Segmentation by Application:

Personal

Enterprise

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Allianz

EMS Cargo

Towergate

NMU

Gallagher

Bgi

RSA

Barrington

AXA XL

DHL

Maersk

Kuehne+Nagel

Chubb

MSC

Zurich Business

Aon

Primo

Clegg Gifford

Finch Commercial

DB Schenker

CMA CGM

TPS Global

FreightCenter

Marsh

QuoteRack

Lonham

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