Surety Market Analysis to 2027 - American Financial Group; Hartford Financial Services Group; HCC Insurance Holdings; AmTrust Financial Services; Crum & Forster; CNA Financial Corporation; IFIC Surety Group; and Chubb Limited

Surety Market research report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Poter's five forces analysis.

Commercial bonds gaining market traction resulting in escalating the growth of Surety Market

Surety market is experiencing good growth across all the geographical regions of the globe, with the increasing demand for infrastructural development as well as residential construction. Furthermore, the rising adoption of public-private partnership model is another factor fueling the growth of the market.

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Merger and acquisition is expected to be the key growth strategy to be adopted by players for next two-three years. However, this strategy could impact competition, it is also expected to generate new market as well as product opportunities as recently combined companies will thrive to maintain position and profitability. The major companies operating in the market include AmTrust Financial Services, Inc.; Crum & Forster; CNA Financial Corporation; American Financial Group, Inc.; The Travelers Indemnity Company; Liberty Mutual Insurance Company; Hartford Financial Services Group, Inc.; HCC Insurance Holdings; IFIC Surety Group; and Chubb Limited among others.

Global surety market is expected to grow from US$ 15.33 Bn in 2018 to US$ 28.77 Bn in 2027 at a CAGR of 7.5% between 2019 and 2027.

The report focuses on an in-depth segmentation of the Surety market based on bond type. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By bond type, contract surety bond accounted for the largest share of the surety market in 2018.

The global surety market for the bond type is fragmented into Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, and Court Surety Bond. Commercial Bonds are general surety bonds that are required by various government agencies state local or federal. Commercial bonds are primarily used by companies or working professionals as per state licensing and permit regulations. Commercial bonds are easy to qualify as they incur low-risk. Commercial bonds protect the general public from that interact with the principal being licensed. The claim is made by someone who faced losses due to the violation of rules and regulations by the bonded principal. The agency checks various parameters before fixing the bond amount such as the number of employees, number of physical locations, and the type of business. Usually, the commercial bonds are annual bonds that are to be renewed every year in some cases bonds are also required for multi-year increments like service tax bond.

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Reason to buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global surety market

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the global surety market, thereby allowing players across the value chain to develop effective long-term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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