Press release
Specialty Insurance Market Outlook with Company Profiles – Argo Group, PICC, Munich Re, Hanover Insurance, Nationwide, CPIC and More
There is no standard definition for specialty insurance, in this report, specialty insurance includes high-hazard insurance, non-standard general insurance, niche market segments, bespoke underwriting, and excess and surplus lines insurance.
This report studies the Specialty Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Specialty Insurance market by product type and applications/end industries.
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The leading manufactures mainly are UnitedHealthcare, AXA, Allianz, AIG, Tokio Marine and ACE&Chubb. UnitedHealthcare is the largest manufacturer; its revenue of global market exceeds 5.63% in 2016. The next is AXA and Allianz.
There are mainly two type product of specialty insurance market: Life Insurance and Property Insurance. Property Insurance accounts the largest proportion.
Geographically, the global specialty insurance has been segmented into North America, Europe, China, Japan, India and other. The North America held the largest share in the global specialty insurance market, its revenue of global market exceeds 58.88% in 2016. The next is Europe and Japan. China and India have being the most populous country has fast growing specialty insurance market.
The global Specialty Insurance market is valued at 220 million USD in 2017 and is expected to reach 290 million USD by the end of 2023, growing at a CAGR of 5.4% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Specialty Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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Market Segment by Companies, this report covers UnitedHealthcare, AXA, Allianz, AIG, Tokio Marine, ACE&Chubb, China Life, XL Group, Argo Group, PICC, Munich Re, Hanover Insurance, Nationwide, CPIC, Assurant, Sompo Japan Nipponkoa, Zurich, Hudson, Ironshore, Hiscox, Manulife, RenaissanceRe Holdings, Mapfre and Selective Insurance.
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