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.
Offering insurance solutions and services designed to reduce risks related to moving, storing, and handling items along the supply chain is what the logistics insurance market entails. It includes a variety of insurance options such as marine insurance, warehouse insurance, freight liability insurance, cargo insurance, and supply chain risk management services. During transit or storage, these products offer protection against a number of risks, including theft, damage, loss, and natural disasters. Insurance underwriters, brokers, logistics companies, and companies engaged in international trade and commerce are important market participants. Cargo quantities, modes of transportation, regulatory requirements, geopolitical hazards, and the globalization of supply chains are some of the variables that impact market dynamics and drive demand for insurance solutions to protect against financial losses.
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
Take Advantage of Your Free Sample Report!
https://introspectivemarketresearch.com/request/16338
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
Customization Options Available - Contact Us!
https://introspectivemarketresearch.com/custom-research/16338
Opportunity:
Integration of Smart Contracts in the Logistics Insurance Sector
Blockchain technology has the ability to increase trade efficiency by drastically cutting down on paperwork and bureaucracy. For instance, an automated procedure that stores data in a digital format that is resistant to tampering could take the role of a multi-stakeholder process that requires a lengthy paper trail. Automation services including insurance, legal, brokerage, and settlement services that now need a middleman. From the point of origin to the store shelf, when a product changes hands between the manufacturer, logistics service provider, wholesaler, retailer, and customer, blockchain might be used to trace its lifecycle and ownership transfer. A more direct link between each participant would be made possible by the facilitation and automation of every business transaction (e.g., automating payments and transferring legal ownership between parties).
Discount on the Research Report@
https://introspectivemarketresearch.com/discount/16338
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.
Key Industry Development In The Logistics Insurance Market
In March 2020, To provide customers with protection against physical loss or damage to their products, Maersk has partnered with Zurich Insurance Plc (Zurich). This product is called Maersk Cargo Insurance.
In July 2022, A new co-innovation solution was unveiled by NTT DATA and SAP Asia Pacific and Japan (APJ) to enhance supply chain insurance management. The solution, dubbed Connected Product, was created in collaboration with SAP SE and NTT DATA, a pioneer in global digital business and IT services. This partnership furthers the strategic alliance established between NTT and SAP SE's parent company in 2020.
Your Purchase, Your Peace of Mind - Order Today!
https://introspectivemarketresearch.com/checkout/?user=1&_sid=16338
About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends.
We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.
Contact us:
Introspective Market Research
3001 S King Drive,
Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek