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Global marine insurance market size is expected to reach $42.3 Bn by 2028 at a rate of 6.9%, segmented as by type, cargo insurance, hull and machinery insurance, marine liability insurance, offshore or energy insurance
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Marine Insurance Global Market Report 2024 Market Size, Trends and Global Forecast 2023-2032
Marine Insurance Market Segments The Business Research Company segments it’s marine insurance market report as: By Type Cargo Insurance, Hull And Machinery Insurance, Marine Liability Insurance, Offshore or Energy Insurance By Policy Type Time Policy, Voyage Policy, Floating Policy, Valued Policy, Others Policy Types By Channel Wholesalers, Retail Brokers, Others Distribution Channels By End User Ship Owners, Traders, Others End Users
Marine Insurance Market Statistics The marine insurance market size has grown strongly in recent years. It will grow from $30.35 billion in 2023 to $32.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The marine insurance market size is expected to see strong growth in the next few years. It will grow to $42.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The rise in global trade is expected to propel the growth of the marine insurance market going forward. Trends Technological advancements are the key trends gaining popularity in the marine insurance market. • Region Europe was the largest region in the marine insurance market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the marine insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Market Players • Major players in the marine insurance market are: • Chubb Limited • Aon PLC • HDI Global SE • Allianz SE • Essent Group Ltd. • And more. Get More Information On The Marine Insurance Market Report
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