The Global Logistics Insurance market size was valued at USD 67.11 Billion in 2021 and is projected to reach USD 78.69 Billion by 2028, growing at a CAGR of 2.3% from 2022 to 2028. 

Logistics insurance is a type of insurance that is specifically designed to protect goods being transported by land, air, sea, or rail. It offers protection for cargo against a wide range of physical losses or damage to cargo brought on by outside sources while it is in transit. The goods are shipped by air, rail, sea, or land all over the world. There's a very high chance that products and items being hauled will be lost or damaged throughout the journey. These circumstances can be helped by cargo insurance, which will pay for the loss. Cargo insurance is essential to the supply chain industry since no shipment is ever completely safe during transportation and insurance is the only way to get paid if something goes wrong.

Top Key Players Covered In Logistics Insurance Market

Aon PLC, Atrium Corporation, Beazley Group, Gard AS, Liberty Mutual Insurance, Mitsui Sumitomo Insurance Company Limited, Peoples Insurance Agency, Samsung Fire & Marine Insurance Co. Ltd., Sompo Japan Nipponkoa Insurance Inc., Swiss Re Ltd, Tokio Marine Holdings Inc and other key players

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Introspective Market Research specializes in delivering comprehensive market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making.

An in-depth examination of the overall Logistics Insurance industry is done to provide this market report encompassing all essential market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.

Segmentation Analysis of The Logistics Insurance Market

By Type

  • Land Cargo Insurance
  • Marine Cargo Insurance
  • Air Transport Insurance

By Coverage Type

  • Cargo Insurance
  • Freight Forwarder Liability Insurance
  • Marine services liability
  • Energy logistics
  • Other

By End User

  • Individual,
  • Enterprises

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Regional Analysis Of Logistics Insurance Market

The market for logistics insurance is dominated by the European region.  The key factors bolstering this region's dominance are the existence of a strong logistics infrastructure and the expanding usage of digital insurance. Enabling automated adherence to local regulations is anticipated to foster regional expansion as well. Government regulatory measures have a big influence on policy pricing, and they are expected to be a major driver of the industry. Additionally, because Europe has so many important ports, it serves as a key hub for international cargo transit. Rotterdam's total cargo throughput was 468.7 million tonnes in 2021, an increase of 7.3%. In 2020, 15.3 million TEU of containers were used, an increase of 6.6% from the previous year because to increased purchases of commodities during the pandemic.

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By Region

  • North America (US, Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

The Study Objectives are:

  • A comprehensive insight into key players operating in the Logistics Insurance Market and their corresponding data.
  • It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
  • Regional analysis, which includes insight into the dominant market and corresponding market share.
  • It also includes various socio-economic factors affecting the evolution of the market in the region.
  • The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.

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