openPR Logo
Press release

Global Surety Market to 2027 - SWOT Analysis By Leading Players Crum & Forster, American Financial Group, Liberty Mutual Insurance Company; Hartford Financial Services Group, IFIC Surety Group

04-09-2019 05:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Surety Market

Surety Market

Surety Bonds are obtained by principal parties to protect third parties from a failure to meet contractual obligations. There are four main types of bonds that serve the different purpose namely: contract surety bond, commercial surety bond, fidelity surety bond, and court surety bond. The most common surety bonds are the commercial and contract surety bond and serve the purpose of protecting the public and private interests. The court and fidelity surety bonds protect against the litigation and theft. Surety bonds of all types cost a premium based on the performance of the business and credit score of the business owner, which is between 1-15% of the bond value.

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.

Get sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPRE00002849/

The major companies operating in the surety 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.

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.

Further, surety market is expected to experience significant growth in the coming years due to the increasing demand of commercial bonds. The commercial bonds are gaining popularity in the markets of North America and Europe. Commercial bonds are replacing LOC as they provide a better method for risk management. Some of the big insurance like Crum & Forster, CAN Insurance Group, American Financial Group, Inc., and The Travelers Indemnity Company has a strong focus in providing commercial surety products.

Inquiry for Discount at: https://www.theinsightpartners.com/discount/TIPRE00002849/

The report aims to provide an overview of the global surety market with detailed market segmentation. Also, it analyzes the current surety market scenario and forecasts the market till 2027. The report covers market dynamics affecting the surety market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the surety market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the surety market along with their market strategies. The report also provides the SWOT analysis for all company profiled in the report.

Currently, the surety market penetration rates in the North America region is higher than any other markets across the globe. This is attributed to most of U.S. State governments’ laws that mandate surety bonds. Both the U.S. and Canada Surety markets are majorly ruled by insurers, while banks also play a significant role. However, SAM and APAC region are anticipated to grow at the highest CAGR.

The report segments the Global Surety Market as follows:

Global Surety Market - By Bond Type
Contract Surety Bond
Commercial Surety Bond
Fidelity Surety Bond
Court Surety Bond

Global Surety Market - By Geography

North America
U.S.
Canada
Mexico

Europe
France
Germany
Italy
Spain
UK
Rest of Europe

Asia Pacific (APAC)
South Korea
China
Australia
Japan
Rest of APAC

Buy Now This Report at: https://www.theinsightpartners.com/buy/TIPRE00002849/

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Surety Market to 2027 - SWOT Analysis By Leading Players Crum & Forster, American Financial Group, Liberty Mutual Insurance Company; Hartford Financial Services Group, IFIC Surety Group here

News-ID: 1693963 • Views: 1442

More Releases from The Insight Partners

Huge demand for Connected Cars Market 2019 by Top Leading Companies Analysis- Go …
Connected Cars is a cars which are made with internet access and also with the local area network. These cars are facilitated with connectivity that gives comfort, convenience, performance, security combined with the network technology and safety. Connected cars allows the driver to mechanically monitor the performance of the car. These are can also connect with the smartphones and any other mobile phones. The need for the constant connectivity, increased dependency
Single-use Bioprocessing Systems Market Exhibits Higher Growth Prospects during …
The “Global Single-Use Bioprocessing Systems Market Analysis to 2027″ is a specialized and in-depth study of the biotechnology industry with a focus on the global market trend. The report aims to provide an overview of the global single-use bioprocessing systems market with detailed market segmentation by product, application, end user, and geography. The global single-use bioprocessing systems market is expected to witness high growth during the forecast period. The report
Cash Logistics Market Scope, Top Key Players and Forecast to 2027 - The Brink's …
According to a new market study entitled "Cash Logistics Market to 2027 - Global Analysis and Forecasts by Deployment Type (On-Premise and Cloud) and Industry Vertical (BFSI, Healthcare & Life Sciences, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, IT & Telecommunication, Media & Entertainment, and Others) and Geography, "explains the report, explaining the key drivers of this growth and highlighting key market players and their evolution. The report factors
Drug Discovery Services Market to Witness Massive Growth by 2027 | Charles River …
“Drug Discovery Services Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic

All 5 Releases


More Releases for Surety

Global Surety Market Growth and Strategy to 2025 - Leading Players Crum & Forste …
According to the new research report published by The Insight Partners, titled “Surety - Global Analysis and Forecast to 2027”, the global surety market is expected to reach US$ 28.77 billion in 2027, registering a CAGR of 7.5% during the forecast period 2019-2027. In 2018, North America accounted for the largest market share, growing at a CAGR of 7.4% The Surety market penetration rates in North America region is higher than
Global Surety Market Reaching New Height By Top Leading Players Crum & Forster, …
The Surety market penetration rates in North America region is higher than any other markets across the globe. This is attributed to most of U.S. State governments’ laws that mandate surety bonds. Both the U.S. and Canada Surety markets are ruled by insurers, and banks play only a minor role. In APAC region, the Surety market is expected to flourish during the forecast period. This growth is highly attributed to
Surety Market Service Type, Application 2027 - IFIC Surety Group, Crum & Forster …
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. This market research report provides a big picture on “Surety Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press
Surety Market Outlook to 2027 - Top Competitors IFIC Surety Group, Crum & Forste …
This market research report provides a big picture on “Surety Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press releases. Furthermore, the study explains the future opportunities and a sketch of key players involved in the “Surety Market’s hike in terms of revenue.
Surety Market Outlook to 2027 - AmTrust Financial Services, Crum & Forster, CNA …
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. An off-the-shelf report on Surety Market which has been compiled after an in-depth analysis of the market trends prevailing across five geographies (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). Various segments of the market such as type/components/ application/industry verticals/ end-users
Rosenberg & Parker give Surety Bond Presentation at Risk Management Conference
One of the largest surety-only brokers in North America, Rosenberg & Parker, joined other top names within the surety and risk management arena at this year's RIMS 2011 Annual Conference & Exhibition. King of Prussia, PA, May 23, 2011 -- One of the largest surety-only brokers in North America, Rosenberg & Parker, joined other top names within the surety and risk management arena at this year's RIMS 2011 Annual Conference &