Cargo Insurance Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The global cargo insurance market is expected to grow at a significant CAGR during the forecast period 2021-2027. Cargo insurance is a process used for shipment protection from any theft or physical damage and ensures the optimum value of goods against potential losses during the shipment process over air, seas, or land transportation. Cargo insurance offers wide coverage against all the harms and risks of any physical loss or freight damage from external causes throughout the shipping.

A full report of Cargo Insurance Market is available at: https://www.omrglobal.com/industry-reports/cargo-insurance-market

The significantly increasing oil, gas and coal transportation over the seas is surging the demand for cargo deliveries and is anticipated to drive the global cargo insurance market during the forecast period. The global cargo insurance market has been significantly driven by the management of fire risk during transportation. The poorly stowed and undeclared dangerous cargo induces the risk of fire and is anticipated to create lucrative growth opportunities for the global cargo insurance market during the forecast period.
The key players present in the global cargo insurance market include Marsh, TIBA, Travelers Insurance, AGCS, Atrium, and others. These vendors are adopting product expansion, technological advancement, product launches mergers & acquisitions, and supply chain management among other strategies to flourish the market growth, and to stay competitive in the market during the forecast period. For instance, in September 2020, IBM announced an innovative product launch as a risk-based service in the global cargo insurance market. IBM’s risk analytics services are integrated into the cargo insurance segment with the acquisition to impact cybersecurity and theft management.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/cargo-insurance-market

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By End User
• Competitive Landscape- Marsh, TIBA, Travelers Insurance, AGCS, Atrium, Tokyo Marine Holdings and other.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Cargo Insurance Market Segment

By Product Type

• Land Cargo Insurance
• Marine Cargo Insurance
• Air Cargo Insurance

By End User

• Marine
• Land
• Aviation

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/cargo-insurance-market

Cargo Insurance Market– Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Marsh
• TIBA
• Travelers Insurance
• AGCS
• Atrium
• Tokyo Marine Holdings

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.