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SME Insurance Market Size, Share, Development by 2024– Top Key players like GE AIA,AIG,AXA,Inc.
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All businesses are exposed to various risks which are either man-made or natural. Insurance is a prudent way to limit liabilities in the event of an unpleasant occurrence to assets, property and business.The usual customers of SME insurance are small and medium-sized enterprise, the insurance mainly include property insurance, public liability insurance, business interruption insurance, workers compensation insurance, goods in transit insurance and others.
The leading players mainly are AIA, AIG, AXA, Tokio Marine and Sompo. AIA is the largest player; its Premium of Asia market exceeds 6.69% in 2018.
There are mainly six type product of SME Insurance market: Property Insurance, Public Liability Insurance, Business Interruption Insurance, Workers Compensation Insurance, Goods in Transit Insurance and Others.
Geographically, the Asia SME Insurance market has been segmented into China, Japan, South Korea, India, Malaysia. The China, held the largest share in the Asia market, its Premium of Asia market exceeds 30% in 2018. The next is Japan.
According to this study, over the next five years the SME Insurance market will register a 10.6% CAGR in terms of revenue, the global market size will reach US$ 9430 million by 2024, from US$ 5700 million in 2019. In particular, this report presents the global revenue market share of key companies in SME Insurance business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
AIA
AIG
AXA
Tokio Marine
Sompo
Allianz
CPIC
Samsung Life Insurance
PingAn
Chubb
Great Eastern
China Life
PICC
Muang Thai
Hong Leong
Market Segment by Type, covers
Property Insurance
Public Liability Insurance
Workers Compensation Insurance
Goods in Transit Insurance
Market Segment by Applications, can be divided into
Bancassurance
Digital & Direct Channels
Brokers
Agency
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Related Information:
North America SME Insurance Market Growth 2019-2024
United States SME Insurance Market Growth 2019-2024
Asia-Pacific SME Insurance Market Growth 2019-2024
Europe SME Insurance Market Growth 2019-2024
EMEA SME Insurance Market Growth 2019-2024
Global SME Insurance Market Growth 2019-2024
China SME Insurance Market Growth 2019-2024
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