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Personal Finance News Releases
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(MoneyNewsWire.Net, April 16, 2018 ) Marine insurance policies protect against losses in business. The protection provided is against legal liabilities that may arise from loss or damage caused to the vessels, their equipment and cargo, and any transport or cargo by which property of the marine company is transferred or acquired, during any calamity. The various types of marine insurance policies include cargo insurance; onshore energy insurance; hull insurance; and marine liability insurance.
Publisher's analysts forecast the global marine insurance market to grow at a CAGR of 2.57% during the period 2017-2021.
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The use of multiple distribution channels will drive the growth prospects for the global marine insurance market until the end of 2021. The use of online portals has improved the customer experience by introducing technological advancements in the industry such as digitization and analytics. As a result, various countries like Singapore are able to promote insurance business models by encouraging direct underwriting via online platforms.
Key vendors - Allianz - American International - Aon - AXA - Marsh
Other prominent vendors - Arthur J. Gallagher - Atrium - Beazley - Chubb - Gard - Mitsui Sumitomo - Munich Re - Samsung Fire & Marine Insurance (SFMI) - Sompo Japan Nipponkoa Insurance
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Market driver - Increase in premium contribution from the emerging markets
Market challenge - Impact of catastrophic losses on the insurers' balance sheet and pricing, as well as the rating system
Market trend - Increase in automation of business processes
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Complete report is available @ http://www.reportsweb.com/global-marine-insurance-market-2017-2021
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Rajat Sahni
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Source: EmailWire.Com
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