Know About the Surety Bond Market 2019-2027 Led by Key Players - Tokio Marine HCC, The Hartford, IFIC Surety Group, Chubb Limited, CNA Financial, AmTrust Financial Services, Crum & Forster Insurance Group, American Financial Group, Liberty Mutual

Premium Market Insight's Surety Market inquire about offers far-reaching estimate inclusion and market experiences, close by master investigation of the most recent advancements and Opportunities in this significant industry.

In terms of revenue, the global surety market is expected to grow to US$ 28.77 billion by 2027 from US$ 15.33 billion in 2018. The demand for surety is highly propelled with the increasing demand for restoration of ageing infrastructure of developed economies worldwide. However, a shortage of skilled professionals in the surety industry is restraining the surety market growth to a certain extent.

The global Surety market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Surety Market for global, Europe, North America, Asia Pacific and South America.

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The key players covered in this study

1. AmTrust Financial Services, Inc.
2. Crum & Forster
3. CNA Financial Corporation
4. American Financial Group, Inc.
5. The Travelers Indemnity Company
6. Liberty Mutual Insurance Company
7. Hartford Financial Services Group, Inc.
8. HCC Insurance Holdings
9. IFIC Surety Group
10. Chubb Limited

The report aims to provide an overview of global Surety market with detailed market segmentation by component type, end user, and geography. The global Surety market is expected to witness high growth during the forecast period.

Market segment by Bond Type, the product can be split into
Contract Surety Bond
Commercial Surety Bond
Fidelity Surety Bond
Court Surety Bond

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On the basis of bond type, contract surety bond is the leading segment of the global surety market. In the construction industry, contract surety bond is highly used particularly for public construction projects. Contract Surety Bond is also known as contractor bond; contract bond is a type of surety bond that is used by the investors and developers in the construction business, as a guarantee that the terms and condition of the contract will be fulfilled. The contract bond protects against the losses incurred due to the contractor's failure to complete the project or meet the contract specification. Surety providers evaluate the principal builder's financial merits and charge a premium in accordance with the likeness of occurrence of an adverse event.

The overall surety market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the surety market. It also provides the overview and forecast for the global surety market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the Surety industry.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the 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 treatment 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 security interest with respect to client products, segmentation, pricing and distribution

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