Press release
Specialty Insurance Market Leading Key Company Profiles 2018 AXIS Surplus , Columbia Casualty , Arch Specialty and Westchester Surplus Lines
Specialty Insurance Market Overview:Insurance is an effective way of managing the risk of transferring the cost of a potential loss in certain circumstances to the insurance company in exchange for fees, also known as premiums. Various types of insurance include health insurance, auto insurance, pet insurance and life insurance. However, the type of insurance that has attracted the most attention is specialty insurance, which is a high-risk, high-yield market characterized by underwriting profitability. This insurance is purchased to protect special or unique items, which are not covered by standard insurance types due to their unusual features such as diamond necklace, title insurance, insurance of tenants and others.
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Specialty Insurance market Drivers and Restraints:
The growth of the specialty insurance market is attributed to the volatility of the general insurance market and the decrease in profitability of specialized operators. However, the lack of knowledge and guidance is an important factor that prevents people from choosing specialized insurance. Market players are adopting innovative marketing strategies to raise awareness of the benefits offered by these insurance policies, which should provide lucrative opportunities for the market.
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Geographic segmentation:
North America had the largest share of the global specialty insurance market, with revenues in the market exceeding 58.88% in 2016. The next in line are Europe and Japan. China and India have been the most populous country with a fast growing specialty insurance market. Asia Pacific region is estimated to be claiming significant share of this market.
Scottsdale (Nationwide Group), Lexington (AIG Group), Ironshore Specialty (Ironshore Group), Steadfast (Zurich Group), Columbia Casualty (CAN Group), AIG Specialty (AIG Group), AXIS Surplus (AXIS Group), Indian Harbor (XL Catlin Group), Arch Specialty (Arch Group) and Westchester Surplus Lines (ACE Group) are the major players in Global Specialty Insurance Market.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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kevin@researchcosmos.com
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