Maritime Insurance Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
Maritime Insurance Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
Insights into the Maritime Insurance Market include supply chain optimization, Maritime Insurance challenges, and growth forecasts segmented by region and service type.
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This report aims to provide a comprehensive presentation of the global market for Maritime Insurance study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global Maritime Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Maritime Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Marine Cargo Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Maritime Insurance include PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group and Zurich, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the Maritime Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global Maritime Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Maritime Insurance Market Segment Percentages, by Type, 2021 (%)
Marine Cargo Insurance
Hull Insurance
Marine Liability Insurance
Global Maritime Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Maritime Insurance Market Segment Percentages, by Application, 2021 (%)
Oil & Gas
Mining
Agricultural Products
Passenger
Chemicals
Electronics
Automotive
Others
Global Maritime Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Maritime Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Maritime Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Maritime Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp.
Generali Group
MAPFRE
Chubb
AmTrust NGH
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 Maritime Insurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Maritime Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Maritime Insurance Overall Market Size
2.1 Global Maritime Insurance Market Size: 2021 VS 2028
2.2 Global Maritime Insurance Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Maritime Insurance Players in Global Market
3.2 Top Global Maritime Insurance Companies Ranked by Revenue
3.3 Global Maritime Insurance Revenue by Companies
3.4 Top 3 and Top 5 Maritime Insurance Companies in Global Market, by Revenue in 2021
3.5 Global Companies Maritime Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Maritime Insurance Players in Global Market
3.6.1 List of Global Tier 1 Maritime Insurance Companies
3.6.2 List of Global Tier 2 and Tier 3 Maritime Insurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Maritime Insurance Market Size Markets, 2021 & 2028
4.1.2 Marine Cargo Insurance
4.1.3 Hull Insurance
4.1.4 Marine Liability Insurance
4.2 By Type - Global Maritime Insurance Revenue & Forecasts
4.2.1 By Type - Global Maritime Insurance Revenue, 2017-2022
4.2.2 By Type - Global Maritime Insurance Revenue, 2023-2028
4.2.3 By Type - Global Maritime Insurance Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Maritime Insurance Market Size, 2021 & 2028
5.1.2 Oil & Gas
5.1.3 Mining
5.1.4 Agricultural Products
5.1.5 Passenger
5.1.6 Chemicals
5.1.7 Electronics
5.1.8 Automotive
5.1.9 Others
5.2 By Application - Global Maritime Insurance Revenue & Forecasts
5.2.1 By Application - Global Maritime Insurance Revenue, 2017-2022
5.2.2 By Application - Global Maritime Insurance Revenue, 2023-2028
5.2.3 By Application - Global Maritime Insurance Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Maritime Insurance Market Size, 2021 & 2028
6.2 By Region - Global Maritime Insurance Revenue & Forecasts
6.2.1 By Region - Global Maritime Insurance Revenue, 2017-2022
6.2.2 By Region - Global Maritime Insurance Revenue, 2023-2028
6.2.3 By Region - Global Maritime Insurance Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Maritime Insurance Revenue, 2017-2028
6.3.2 US Maritime Insurance Market Size, 2017-2028
6.3.3 Canada Maritime Insurance Market Size, 2017-2028
6.3.4 Mexico Maritime Insurance Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Maritime Insurance Revenue, 2017-2028
6.4.2 Germany Maritime Insurance Market Size, 2017-2028
6.4.3 France Maritime Insurance Market Size, 2017-2028
6.4.4 U.K. Maritime Insurance Market Size, 2017-2028
6.4.5 Italy Maritime Insurance Market Size, 2017-2028
6.4.6 Russia Maritime Insurance Market Size, 2017-2028
6.4.7 Nordic Countries Maritime Insurance Market Size, 2017-2028
6.4.8 Benelux Maritime Insurance Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Maritime Insurance Revenue, 2017-2028
6.5.2 China Maritime Insurance Market Size, 2017-2028
6.5.3 Japan Maritime Insurance Market Size, 2017-2028
6.5.4 South Korea Maritime Insurance Market Size, 2017-2028
6.5.5 Southeast Asia Maritime Insurance Market Size, 2017-2028
6.5.6 India Maritime Insurance Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Maritime Insurance Revenue, 2017-2028
6.6.2 Brazil Maritime Insurance Market Size, 2017-2028
6.6.3 Argentina Maritime Insurance Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Maritime Insurance Revenue, 2017-2028
6.7.2 Turkey Maritime Insurance Market Size, 2017-2028
6.7.3 Israel Maritime Insurance Market Size, 2017-2028
6.7.4 Saudi Arabia Maritime Insurance Market Size, 2017-2028
6.7.5 UAE Maritime Insurance Market Size, 2017-2028
7 Players Profiles
7.1 PICC
7.1.1 PICC Corporate Summary
7.1.2 PICC Business Overview
7.1.3 PICC Maritime Insurance Major Product Offerings
7.1.4 PICC Maritime Insurance Revenue in Global Market (2017-2022)
7.1.5 PICC Key News
7.2 Progressive Corporation
7.2.1 Progressive Corporation Corporate Summary
7.2.2 Progressive Corporation Business Overview
7.2.3 Progressive Corporation Maritime Insurance Major Product Offerings
7.2.4 Progressive Corporation Maritime Insurance Revenue in Global Market (2017-2022)
7.2.5 Progressive Corporation Key News
7.3 Ping An
7.3.1 Ping An Corporate Summary
7.3.2 Ping An Business Overview
7.3.3 Ping An Maritime Insurance Major Product Offerings
7.3.4 Ping An Maritime Insurance Revenue in Global Market (2017-2022)
7.3.5 Ping An Key News
7.4 AXA
7.4.1 AXA Corporate Summary
7.4.2 AXA Business Overview
7.4.3 AXA Maritime Insurance Major Product Offerings
7.4.4 AXA Maritime Insurance Revenue in Global Market (2017-2022)
7.4.5 AXA Key News
7.5 Sompo Japan
7.5.1 Sompo Japan Corporate Summary
7.5.2 Sompo Japan Business Overview
7.5.3 Sompo Japan Maritime Insurance Major Product Offerings
7.5.4 Sompo Japan Maritime Insurance Revenue in Global Market (2017-2022)
7.5.5 Sompo Japan Key News
7.6 Tokyo Marine
7.6.1 Tokyo Marine Corporate Summary
7.6.2 Tokyo Marine Business Overview
7.6.3 Tokyo Marine Maritime Insurance Major Product Offerings
7.6.4 Tokyo Marine Maritime Insurance Revenue in Global Market (2017-2022)
7.6.5 Tokyo Marine Key News
7.7 Travelers Group
7.7.1 Travelers Group Corporate Summary
7.7.2 Travelers Group Business Overview
7.7.3 Travelers Group Maritime Insurance Major Product Offerings
7.7.4 Travelers Group Maritime Insurance Revenue in Global Market (2017-2022)
7.7.5 Travelers Group Key News
7.8 Liberty Mutual Group
7.8.1 Liberty Mutual Group Corporate Summary
7.8.2 Liberty Mutual Group Business Overview
7.8.3 Liberty Mutual Group Maritime Insurance Major Product Offerings
7.8.4 Liberty Mutual Group Maritime Insurance Revenue in Global Market (2017-2022)
7.8.5 Liberty Mutual Group Key News
7.9 Zurich
7.9.1 Zurich Corporate Summary
7.9.2 Zurich Business Overview
7.9.3 Zurich Maritime Insurance Major Product Offerings
7.9.4 Zurich Maritime Insurance Revenue in Global Market (2017-2022)
7.9.5 Zurich Key News
7.10 CPIC
7.10.1 CPIC Corporate Summary
7.10.2 CPIC Business Overview
7.10.3 CPIC Maritime Insurance Major Product Offerings
7.10.4 CPIC Maritime Insurance Revenue in Global Market (2017-2022)
7.10.5 CPIC Key News
7.11 Nationwide
7.11.1 Nationwide Corporate Summary
7.11.2 Nationwide Business Overview
7.11.3 Nationwide Maritime Insurance Major Product Offerings
7.11.4 Nationwide Maritime Insurance Revenue in Global Market (2017-2022)
7.11.5 Nationwide Key News
7.12 Mitsui Sumitomo Insurance
7.12.1 Mitsui Sumitomo Insurance Corporate Summary
7.12.2 Mitsui Sumitomo Insurance Business Overview
7.12.3 Mitsui Sumitomo Insurance Maritime Insurance Major Product Offerings
7.12.4 Mitsui Sumitomo Insurance Maritime Insurance Revenue in Global Market (2017-2022)
7.12.5 Mitsui Sumitomo Insurance Key News
7.13 Aviva
7.13.1 Aviva Corporate Summary
7.13.2 Aviva Business Overview
7.13.3 Aviva Maritime Insurance Major Product Offerings
7.13.4 Aviva Maritime Insurance Revenue in Global Market (2017-2022)
7.13.5 Aviva Key News
7.14 Berkshire Hathaway
7.14.1 Berkshire Hathaway Corporate Summary
7.14.2 Berkshire Hathaway Business Overview
7.14.3 Berkshire Hathaway Maritime Insurance Major Product Offerings
7.14.4 Berkshire Hathaway Maritime Insurance Revenue in Global Market (2017-2022)
7.14.5 Berkshire Hathaway Key News
7.15 Old Republic International
7.15.1 Old Republic International Corporate Summary
7.15.2 Old Republic International Business Overview
7.15.3 Old Republic International Maritime Insurance Major Product Offerings
7.15.4 Old Republic International Maritime Insurance Revenue in Global Market (2017-2022)
7.15.5 Old Republic International Key News
7.16 Auto Owners Grp.
7.16.1 Auto Owners Grp. Corporate Summary
7.16.2 Auto Owners Grp. Business Overview
7.16.3 Auto Owners Grp. Maritime Insurance Major Product Offerings
7.16.4 Auto Owners Grp. Maritime Insurance Revenue in Global Market (2017-2022)
7.16.5 Auto Owners Grp. Key News
7.17 Generali Group
7.17.1 Generali Group Corporate Summary
7.17.2 Generali Group Business Overview
7.17.3 Generali Group Maritime Insurance Major Product Offerings
7.17.4 Generali Group Maritime Insurance Revenue in Global Market (2017-2022)
7.17.5 Generali Group Key News
7.18 MAPFRE
7.18.1 MAPFRE Corporate Summary
7.18.2 MAPFRE Business Overview
7.18.3 MAPFRE Maritime Insurance Major Product Offerings
7.18.4 MAPFRE Maritime Insurance Revenue in Global Market (2017-2022)
7.18.5 MAPFRE Key News
7.19 Chubb
7.19.1 Chubb Corporate Summary
7.19.2 Chubb Business Overview
7.19.3 Chubb Maritime Insurance Major Product Offerings
7.19.4 Chubb Maritime Insurance Revenue in Global Market (2017-2022)
7.19.5 Chubb Key News
7.20 AmTrust NGH
7.20.1 AmTrust NGH Corporate Summary
7.20.2 AmTrust NGH Business Overview
7.20.3 AmTrust NGH Maritime Insurance Major Product Offerings
7.20.4 AmTrust NGH Maritime Insurance Revenue in Global Market (2017-2022)
7.20.5 AmTrust NGH Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Research Methodology:
Maritime Insurance Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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