Press release
At 15.2% CAGR U.S. Surplus Lines Insurance Market to Reach $125.92 Bn by 2027
Allied Market Research published a report, titled, "U.S. Surplus Lines Insurance Market by Coverage (General Business Liability Insurance, Allied Lines Insurance, Fire Insurance, Inland Marine Insurance, Commercial Multi-Peril Insurance, Commercial Auto Insurance, and Others), Distribution Model (Retail Agents, Wholesalers, and Others), and Application (Commercial and Personal): Country Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the U.S. surplus lines insurance market garnered $52.15 billion in 2019, and is expected to generate $125.92 billion by 2027, witnessing a CAGR of 15.2% from 2020 to 2027.In order to receive a free sample copy of this strategic report with top priority, (please use your corporate email ID.) : https://www.alliedmarketresearch.com/request-sample/6908
The U.S. Surplus Lines Insurance Market refers to a segment of the insurance industry that provides coverage for risks that are not covered by traditional insurance carriers. Surplus lines insurance companies are not licensed to do business in every state and typically operate under different regulations than traditional insurance carriers.
Surplus lines insurance is designed to provide coverage for unique or complex risks that are not covered by traditional insurance policies. These risks may include events like earthquakes, terrorism, or cyber attacks, or they may involve industries such as aviation, construction, or energy, where traditional insurers may not have the expertise to properly assess and underwrite risks.
Surplus lines insurers are typically required to be licensed in the state where the policy is written, and they are subject to regulation by state insurance departments. However, because they are not licensed in every state, they are not required to participate in state guaranty funds, which protect policyholders in the event of an insurer's insolvency.
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Top impacting factors
Rapid growth of large corporates
Invest in developing unique customer & industry segment
Key Benefits for Stakeholders:
The study provides an in-depth analysis of the U.S. surplus lines insurance market share along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
An extensive analysis of the key segments of the industry helps to understand the U.S. surplus lines insurance market trends.
The quantitative analysis of the U.S. surplus lines insurance market from 2020 to 2027 is provided to determine the market potential.
U.S. Surplus Lines Insurance Market Report Highlights
Aspects Details
By Coverage
General Business Liability Insurance
Allied Lines Insurance
Fire Insurance
Inland Marine Insurance
Commercial Multi-Peril Insurance
Commercial Auto Insurance
Others
BY DISTRIBUTION MODEL
Retail Agents
Wholesalers
Others
By Application
Commercial
Personal
Connect Analyst
https://www.alliedmarketresearch.com/connect-to-analyst/6908
Key Market Players AXA, American International Group, Inc., Berkshire Hathaway Inc., Chubb, Lloyd's, Markel Corporation, Nationwide Group, ProSight Global, Inc., Swiss Re, Zurich American Insurance Company
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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