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Commercial Insurance Market Outlook 2022-2027: Top Companies Overview, Trends, Share, Size and Forecast

08-31-2022 03:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Commercial Insurance Market Outlook 2022-2027: Top Companies

The latest research study "Commercial Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global commercial insurance market reached a value of US$ 728.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,123.5 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Download free sample brochure (Exclusive Offer on this report): https://www.imarcgroup.com/commercial-insurance-market/requestsample

Industry Definition and Application:

Commercial insurance is a type of coverage for businesses and corporations that is designed to protect the organization, its employees, its ownership, etc. Some of the commonly offered commercial insurance policies include property insurance, commercial auto insurance, worker compensation insurance, business interruption insurance, cyber liability insurance, crime coverage, general liability, etc. Commercial insurance covers the company against losses and risks, including property damage, injury to the employees, thefts, natural disasters, data breaches, cyberattacks, liability lawsuits, etc.

Global Commercial Insurance Market Trends and Drivers:

The rising awareness towards the benefits of these insurance policies among companies is among the primary factors driving the commercial insurance market. In addition to this, the inflating number of small- and medium-sized enterprises (SMEs) and the escalating need to protect such businesses against unexpected losses are further catalyzing the market growth. Moreover, the launch of favorable initiatives by government bodies to encourage employers and business owners to purchase numerous types of coverage is acting as another significant growth-inducing factor.

Apart from this, the leading players are adopting several advanced technologies, such as artificial intelligence (AI) and machine learning (ML), so as to offer enhanced services, including personalized and convenient insurance plans, with lower premium costs. This, in turn, is also positively influencing the global market. Furthermore, the expanding usage of telematics devices across various industries is anticipated to fuel the commercial insurance market in the coming years.

Global Commercial Insurance Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Allianz SE, American International Group Inc., Aon plc, Aviva plc, Axa S.A., Chubb Limited, Direct Line Insurance Group plc, Marsh & McLennan Companies Inc., Willis Towers Watson Public Limited Company and Zurich Insurance Group Ltd.

Click here to view detailed information with table of content: https://www.imarcgroup.com/commercial-insurance-market

The report has segmented the market on the basis of region, process, grade, source and application.

Breakup by Type:
• Liability Insurance
• Commercial Motor Insurance
• Commercial Property Insurance
• Marine Insurance
• Others

Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by Distribution Channel:
• Agents and Brokers
• Direct Response
• Others

Breakup by Industry Vertical:
• Transportation and Logistics
• Manufacturing
• Construction
• IT and Telecom
• Healthcare
• Energy and Utilities
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Explore Latest Market Research Reports by IMARC Group:

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Surgical Clips Market Report: https://www.imarcgroup.com/surgical-clips-market

Liquid Packaging Cartons Market Report: https://www.imarcgroup.com/liquid-packaging-cartons-market

Contact Us:

IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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