サンプル依頼リスト カート
  • English
デフォルト表紙
市場調査レポート
商品コード
1561603

海上保険市場レポート：タイプ別、流通チャネル別、エンドユーザー別、地域別、2024年～2032年

Marine Insurance Market Report by Type, Distribution Channel, End User, and Region 2024-2032

出版日
発行
IMARC
ページ情報
英文 138 Pages
納期
2～3営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.82円
海上保険市場レポート：タイプ別、流通チャネル別、エンドユーザー別、地域別、2024年～2032年
出版日: 2024年09月10日
発行: IMARC
ページ情報: 英文 138 Pages
納期: 2～3営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の海上保険市場の市場規模は2023年に339億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて3.1%の成長率（CAGR）を示し、2032年には452億米ドルに達すると予測しています。市場を牽引している要因には、船舶事故の増加、eコマース産業の隆盛による貿易量の増加、地政学的緊張による包括的な補償要件のニーズの高まりなど、さまざまなものがあります。

海上保険市場分析：

  • 主な市場促進要因現在、船舶技術にはさまざまな進歩が見られます。これは、天候に関連するリスクの軽減への関心の高まりと相まって、主要な成長促進要因として作用しています。
  • 主要市場動向：貿易量の増加と地政学的緊張の高まりが市場の主な動向です。
  • 地理的動向：欧州が明確な優位性を示し、確立された航路、港湾、海上インフラにより最大の市場シェアを占める。
  • 競合情勢：海上保険業界には、Allianz SE、American International Group Inc.、Aon plc、Arthur J. Gallagher &Co.、AXA S.A.、Beazley plc、Brown &Brown Inc.、Chubb Group Holdings Inc.、Lloyd's of London、Lockton Companies、Marsh &McLennan Companies Inc.、QBE Insurance Group Ltd.、Swiss Re Ltd.、Willis Towers Watson plc、Zurich Insurance Group Ltd.など数多くの企業が参入しています。
  • 課題と機会：車両とインフラの老朽化は市場の主要課題です。しかし、リスク管理サービスの強化に対するニーズの高まりや、ユーザー・エクスペリエンスの向上に対する注目の高まりは、こうした課題を克服し、業界の投資家に市場機会を提供すると予想されます。

海上保険市場動向：

船舶事故の増加

2024年3月28日、貨物船が衝突した結果、ボルチモア橋が崩落しました。この事故により、海上保険の支払額が過去最高となる可能性があります。ボルチモアは、自動車や大型農機具を含む車両を扱う米国最大の港です。20億米ドルから40億米ドルが保険金として支払われる可能性があります。船舶事故は、船体や機械の損傷、貨物の損失、第三者による賠償責任などを含む保険金請求の増加につながります。保険金支払額が増加した結果、保険会社の財政負担は増大します。保険会社の収益性を保証し、大きな保険金請求に対応できる十分な準備金を確保するためには、保険料の引き上げが必要となります。さらに、海運業者は保険会社から、より包括的なリスク管理と安全プロトコルの確立を義務付けられることもあります。

eコマースの隆盛による貿易量の増加

eコマース産業の隆盛による世界の貿易量の増加が、市場の成長を後押ししています。海上活動の活発化に伴い、商品の移動に伴う危険から保護するための海上保険のニーズも高まっています。eコマース・プラットフォームは、世界規模で膨大な数の商品を提供しています。このような多様化により、様々な種類の商品に特化した保険が必要となり、海上保険市場が拡大しています。従来の大規模配送とは対照的に、eコマースでは頻繁に配送が行われます。その上、多数の小口貨物を扱うロジスティクスは、紛失、破損、遅延の可能性が高くなるなど、海上保険会社が対処すべき複雑さとリスクをもたらします。フォーブスの推計によると、eコマース市場は2027年までに約7兆9,000億米ドルに達するといいます。

地政学的緊張の高まり

地政学的緊張は戦争や紛争に発展する可能性があり、海上航路を寸断し、船舶を破壊し、貨物の損失をもたらす可能性があります。ハイジャック、窃盗、乗組員誘拐のリスクが高まっているため、保険料が高くなり、より包括的な補償要件に対する需要が高まっていることが、市場の成長を後押ししています。海事企業や港湾インフラへのサイバー攻撃などサイバーセキュリティの脅威の増大は、地政学的紛争にも起因する可能性があります。保険会社は、海上部門向けに特別に設計されたサイバー保険ソリューションを提供することで、こうした新たな脅威に対応しています。さらに、主要企業は提携を結び、海運業界向けのサービスや保険見積もりの向上を図っています。例えば、AXA XLとEPIC傘下のOversea Insurance Agencyは、2023年12月20日に米国でMarine Artisans向けに海上賠償責任保険を提供することで提携しました。さらに、マリン・アーティザンは、ボートの建造、維持、修理のさまざまな側面に重点を置く請負業者です。これらの側面には、グラスファイバーの修理、海洋大工、船体の洗浄、電子機器の設置と修理、海洋配管、暖房、換気、空調（HVAC）、機械、エンジンや機械の整備が含まれます。

本レポートで扱う主な質問

  • 2023年の世界の海上保険市場の市場規模は？
  • 2024年～2032年の海上保険市場の世界市場成長率は？
  • 海上保険市場の世界市場を牽引する主要因は何か
  • 世界の海上保険市場に対するCOVID-19の影響は？
  • 海上保険市場の世界におけるタイプ別内訳は？
  • 世界の海上保険市場の販売チャネル別内訳は？
  • 世界の海上保険市場のエンドユーザー別内訳は？
  • 世界の海上保険市場における主要地域はどこか
  • 海上保険市場の世界における主要プレイヤー／企業は？

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査の目的
  • ステークホルダー
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界の海上保険市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：タイプ別

  • 貨物保険
    • 市場動向
    • 市場予測
  • 船体および機械保険
    • 市場動向
    • 市場予測
  • 海上賠償責任保険
    • 市場動向
    • 市場予測
  • オフショア/エネルギー保険
    • 市場動向
    • 市場予測

第7章 市場内訳：流通チャネル別

  • 卸売業者
    • 市場動向
    • 市場予測
  • 小売ブローカー
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳：エンドユーザー別

  • 船主
    • 市場動向
    • 市場予測
  • トレーダー
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳：地域別

  • 北米
    • 米国
    • カナダ
  • アジア太平洋地域
    • 中国
    • 日本
    • インド
    • 韓国
    • オーストラリア
    • インドネシア
    • その他
  • 欧州
    • ドイツ
    • フランス
    • 英国
    • イタリア
    • スペイン
    • ロシア
    • その他
  • ラテンアメリカ
    • ブラジル
    • メキシコ
    • その他
  • 中東・アフリカ
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第10章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第13章 価格分析

第14章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Allianz SE
    • American International Group Inc.
    • Aon plc
    • Arthur J. Gallagher & Co.
    • AXA S.A
    • Beazley plc
    • Brown & Brown Inc.
    • Chubb Group Holdings Inc
    • Lloyd's of London
    • Lockton Companies
    • Marsh & McLennan Companies Inc.
    • QBE Insurance Group Ltd
    • Swiss Re Ltd
    • Willis Towers Watson plc
    • Zurich Insurance Group Ltd.
図表

List of Figures

  • Figure 1: Global: Marine Insurance Market: Major Drivers and Challenges
  • Figure 2: Global: Marine Insurance Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Marine Insurance Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Marine Insurance Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Marine Insurance Market: Breakup by Distribution Channel (in %), 2023
  • Figure 6: Global: Marine Insurance Market: Breakup by End User (in %), 2023
  • Figure 7: Global: Marine Insurance Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Marine Insurance (Cargo Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Marine Insurance (Cargo Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Marine Insurance (Hull and Machinery Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Marine Insurance (Hull and Machinery Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Marine Insurance (Marine Liability Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Marine Insurance (Marine Liability Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Marine Insurance (Offshore/Energy Insurance) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Marine Insurance (Offshore/Energy Insurance) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Marine Insurance (Wholesalers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Marine Insurance (Wholesalers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Marine Insurance (Retail Brokers) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Marine Insurance (Retail Brokers) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Marine Insurance (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Marine Insurance (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: Global: Marine Insurance (Ship Owners) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: Global: Marine Insurance (Ship Owners) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: Global: Marine Insurance (Traders) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: Global: Marine Insurance (Traders) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Global: Marine Insurance (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Global: Marine Insurance (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: North America: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: North America: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: United States: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: United States: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Canada: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Canada: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: Asia-Pacific: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: Asia-Pacific: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: China: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: China: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Japan: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Japan: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: India: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: India: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: South Korea: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: South Korea: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Australia: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Australia: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Indonesia: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Indonesia: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: Others: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: Others: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: Europe: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: Europe: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Germany: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Germany: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: France: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: France: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: United Kingdom: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: United Kingdom: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Italy: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Italy: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Spain: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Spain: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Russia: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Russia: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Others: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Others: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Latin America: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Latin America: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Brazil: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Brazil: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 70: Mexico: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 71: Mexico: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 72: Others: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 73: Others: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 74: Middle East and Africa: Marine Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 75: Middle East and Africa: Marine Insurance Market: Breakup by Country (in %), 2023
  • Figure 76: Middle East and Africa: Marine Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Global: Marine Insurance Industry: SWOT Analysis
  • Figure 78: Global: Marine Insurance Industry: Value Chain Analysis
  • Figure 79: Global: Marine Insurance Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Marine Insurance Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Marine Insurance Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Marine Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
  • Table 4: Global: Marine Insurance Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 5: Global: Marine Insurance Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Marine Insurance Market: Competitive Structure
  • Table 7: Global: Marine Insurance Market: Key Players
目次
Product Code: SR112024A4690

The global marine insurance market size reached US$ 33.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. There are various factors that are driving the market, which include the growing number of ship accidents, rising trade volume on account of the thriving e-commerce industry, and the increasing need for comprehensive coverage requirements due to geopolitical tensions.

Marine Insurance Market Analysis:

  • Major Market Drivers: There are currently various advancements ongoing in the ship technology. This, in confluence with an increase in the focus on mitigating risks related to weather, is acting as a major growth-inducing factor.
  • Key Market Trends: The rising trade volume, along with increasing geopolitical tensions, is a main trend in the market.
  • Geographical Trends: Europe exhibits a clear dominance, accounting for the biggest market share due to established shipping routes, ports, and maritime infrastructure.
  • Competitive Landscape: Numerous players in the marine insurance industry are Allianz SE, American International Group Inc., Aon plc, Arthur J. Gallagher & Co., AXA S.A, Beazley plc, Brown & Brown Inc., Chubb Group Holdings Inc, Lloyd's of London, Lockton Companies, Marsh & McLennan Companies Inc., QBE Insurance Group Ltd, Swiss Re Ltd, Willis Towers Watson plc, Zurich Insurance Group Ltd., among many others.
  • Challenges and Opportunities: Aging fleet and infrastructure are a key market challenge. Nonetheless, the increasing need for enhanced risk management services and the rising focus on improving user experience, is anticipated to overcome these challenges and offer market opportunities to industry investors.

Marine Insurance Market Trends:

Growing Number of Ship Accidents

The Baltimore Bridge collapsed on March 28, 2024, as a result of a cargo ship colliding with it. This event may result in the highest marine insurance payment ever. Baltimore is the largest port in the US for handling vehicles including automobiles and large farm equipment. A range of US$ 2 billion to US$ 4 billion might be the insured damages. Ship accidents lead to a rise in insurance claims including hull and machinery damage, cargo loss, and third-party liabilities. As a result of the increased payouts, insurers are financially more burdened. In order to guarantee insurers' profitability and adequate reserves to handle big claims, higher premiums are required. Moreover, shipping businesses can be mandated by insurers to establish more comprehensive risk management and safety protocols.

Increasing Trade Volume Due to Thriving E-Commerce Sector

The rising trade volume across the globe due to the thriving e-commerce industry is bolstering the market growth. Due to the increased maritime activity, there is a corresponding rise in the need for marine insurance to protect against the dangers involved in moving these commodities. E-commerce platforms offer a vast array of products on a large scale worldwide. This diversification requires specialized insurance policies tailored to different types of goods, thereby expanding the marine insurance market. In contrast to conventional large-scale delivery, e-commerce frequently entails more frequent shipments. Besides this, the logistics of handling numerous smaller shipments introduce complexities and risks that marine insurer address including a higher potential for loss, damage, and delays. According to estimates made by Forbes, the e-commerce market would reach a value of about US$ 7.9 trillion by 2027.

Rising Geopolitical Tensions

Geopolitical tensions have the potential to turn into wars or conflicts, which can disrupt maritime lanes, destroy ships, and result in the loss of cargo. The escalating demand for higher insurance premiums and more comprehensive coverage requirements on account of the increasing risk of hijackings, theft, and crew kidnappings is bolstering the market growth. Increased cybersecurity threats such as cyberattacks on maritime corporations and port infrastructure can also result from geopolitical conflicts. Insurance companies are responding to these new threats by providing cyber insurance solutions designed specifically for the marine sector. Moreover, leading companies are forming alliances to offer improved services and insurance quotes to the marine industry. For instance, AXA XL and Oversea Insurance Agency, an EPIC company, partnered to provide specialized maritime general liability insurance coverage for Marine Artisans in the United States on 20 December 2023. Furthermore, Marine Artisans are contractors that focus on different aspects of building, maintaining, and repairing boats. These aspects involve fiberglass repair, marine carpentry, hull cleaning, electronics installation and repair, marine plumbing, heating, ventilation, and air conditioning (HVAC), and machinery, as well as engine and machinery servicing.

Marine Insurance Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, distribution channel, and end user.

Breakup by Type:

  • Cargo Insurance
  • Hull and Machinery Insurance
  • Marine Liability Insurance
  • Offshore/Energy Insurance

Cargo insurance accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes cargo insurance, hull and machinery insurance, marine liability insurance, and offshore/energy insurance. According to the report, cargo insurance represented the largest segment.

Various types of goods are covered by cargo insurance including perishables, high-value items, and completed or raw materials. Companies that engage in moving goods from one place to another are always looking for ways to reduce the risks that come with transportation such as theft, damage, accidents, and natural catastrophes. Furthermore, cargo insurance offers financial protection and peace of mind to companies, which is leading to a positive marine insurance market forecast.

Breakup by Distribution Channel:

  • Wholesalers
  • Retail Brokers
  • Others

Wholesalers hold the largest share of the industry

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes wholesalers, retail brokers, and others. According to the report, wholesalers account for the largest market share.

Wholesalers usually handle a larger amount of merchandise, both in terms of quantity and value. They are key clients for marine insurance since it is essential to insure these huge shipments to guard against potential losses. High-value products like electronics, machinery, and luxury goods are handled by wholesalers. To reduce potential losses from damage, theft, or other accidents, comprehensive insurance coverage is required due to the financial risk involved in transporting these assets.

Breakup by End User:

  • Ship Owners
  • Traders
  • Others

Traders represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end user. This includes ship owners, traders, and others. According to the report, traders represent the largest segment.

Traders handle a lot of cargo, particularly those who are involved in import and export. Due to the large volume, comprehensive insurance coverage is required to guard against possible losses during transit. Additionally, merchants deal in a broad range of items from many industries including raw materials and finished products. Due to this variability, extensive insurance plans are needed to cover a range of cargo kinds and related hazards.

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

Europe leads the market, accounting for the largest marine insurance market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe represents the largest regional market for marine insurance.

Europe has a long history of maritime trade and commerce. Established shipping routes, ports, and maritime infrastructure contribute to the high demand for marine insurance in the region. Additionally, the high volume of goods being traded necessitates comprehensive marine insurance coverage to protect against potential losses. Besides this, the region has the presence of leading insurance companies and brokers providers. Furthermore, stringent regulations and international trade agreements are bolstering the market growth in the region. On 25 April 2024, Russia's state-owned reinsurer companies, including Sogaz Insurance, Alfastrakhovanie, and VSK Insurance, joined Ingosstrakh as insurers approved by India for providing marine insurance cover. This is the first time RNRC's role in providing financial backing to the three Russian insurers to get accredited in India.

Competitive Landscape:

  • The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the marine insurance industry include Allianz SE, American International Group Inc., Aon plc, Arthur J. Gallagher & Co., AXA S.A, Beazley plc, Brown & Brown Inc., Chubb Group Holdings Inc, Lloyd's of London, Lockton Companies, Marsh & McLennan Companies Inc., QBE Insurance Group Ltd, Swiss Re Ltd, Willis Towers Watson plc, and Zurich Insurance Group Ltd.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

  • Key players in the market are investing in digital platforms to streamline the insurance process, improve user experience, and enhance operational efficiency. These platforms facilitate online policy management, claims processing, and risk assessment. Insurers are utilizing the Internet of Things (IoT) devices and data analytics to monitor shipments in real time, predict risks, and tailor insurance products accordingly. Companies are also developing specialized coverage options to address emerging risks such as cyber threats, climate change, and supply chain disruptions. They are forming partnerships and collaborations to provide superior services to the marine sector. For instance, on 22 May 2024, Leading marine insurance specialist Lockton Marine partnered with London International Shipping Week 2025 (LISW25) to showcase its global expertise. Lockton Marine brings together the world's leading marine specialists under one brand, to deliver one unified service.

Marine Insurance Market News:

  • 4 April 2023: Global P&C insurer Chubb announced that it is expanding its marine business in Asia with the appointment of a new Head of Marine in Malaysia and by rolling out a full suite of insurance products and services in the Philippines. The move in the Philippines will effectively increase Chubb's footprint in marine insurance to 10 markets in Asia, including Korea, China, Hong Kong, Taiwan, Vietnam, Thailand, Malaysia, Singapore, Indonesia, and Japan.
  • 1 March 2024: Marsh McLennan, the world's leading professional services firm in the areas of risk, strategy and people, together with the Ukrainian government and Lloyd's, announced a major expansion of its Unity insurance facility. Unity now provides affordable war risk insurance for ships carrying all non-military cargo such as iron ore, steel, and containerized shipping as well as underpins Ukraine's wider maritime export ecosystem.

Key Questions Answered in This Report

  • 1. What was the size of the global marine insurance market in 2023?
  • 2. What is the expected growth rate of the global marine insurance market during 2024-2032?
  • 3. What are the key factors driving the global marine insurance market?
  • 4. What has been the impact of COVID-19 on the global marine insurance market?
  • 5. What is the breakup of the global marine insurance market based on the type?
  • 6. What is the breakup of the global marine insurance market based on the distribution channel?
  • 7. What is the breakup of the global marine insurance market based on the end user?
  • 8. What are the key regions in the global marine insurance market?
  • 9. Who are the key players/companies in the global marine insurance market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Marine Insurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Cargo Insurance
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Hull and Machinery Insurance
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Marine Liability Insurance
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Offshore/Energy Insurance
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast

7 Market Breakup by Distribution Channel

  • 7.1 Wholesalers
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Retail Brokers
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Others
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by End User

  • 8.1 Ship Owners
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Traders
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Others
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Allianz SE
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 American International Group Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Aon plc
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Arthur J. Gallagher & Co.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 AXA S.A
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Beazley plc
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 Brown & Brown Inc.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Chubb Group Holdings Inc
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
      • 14.3.8.4 SWOT Analysis
    • 14.3.9 Lloyd's of London
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 Lockton Companies
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
    • 14.3.11 Marsh & McLennan Companies Inc.
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 QBE Insurance Group Ltd
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis
    • 14.3.13 Swiss Re Ltd
      • 14.3.13.1 Company Overview
      • 14.3.13.2 Product Portfolio
      • 14.3.13.3 Financials
      • 14.3.13.4 SWOT Analysis
    • 14.3.14 Willis Towers Watson plc
      • 14.3.14.1 Company Overview
      • 14.3.14.2 Product Portfolio
      • 14.3.14.3 Financials
      • 14.3.14.4 SWOT Analysis
    • 14.3.15 Zurich Insurance Group Ltd.
      • 14.3.15.1 Company Overview
      • 14.3.15.2 Product Portfolio
      • 14.3.15.3 Financials
      • 14.3.15.4 SWOT Analysis