Press release
Cargo Insurance Marketto Witness Growth Acceleration by 2030
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.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Competitive Landscape- Marsh, TIBA, Travelers Insurance, AGCS, Atrium, Tokyo Marine Holdings and other.
Cargo Insurance Market Segment
By Product Type
Land Cargo Insurance
Marine Cargo Insurance
Air Cargo Insurance
By End User
Marine
Land
Aviation
A full report of Cargo Insurance Market is available at: https://www.omrglobal.com/industry-reports/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
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
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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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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