COVID-19 Impacts: Marine Insurance Market will Accelerate at a CAGR of over 4% through 2020-2024 | Use Of Multiple Distribution Channels to Boost Growth | Technavio
Technavio has been monitoring the marine insurance market and it is poised to grow by USD 8.42 bn during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Marine Insurance Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Allianz Group, American International Group Inc., Aon Plc, Arthur J. Gallagher & Co., AXA Group, Beazley Plc, Brown & Brown Inc., Lockton Companies, Marsh & McLennan Companies Inc., and Swiss Re Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The use of multiple distribution channels has been instrumental in driving the growth of the market.
Marine Insurance Market 2020-2024 : Segmentation
Marine Insurance Market is segmented as below:
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Marine Insurance Market 2020-204 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our marine insurance market report covers the following areas:
This study identifies an increase in the use of IoT as one of the prime reasons driving the marine insurance market growth during the next few years.
Marine Insurance Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the marine insurance market, including some of the vendors such as Allianz Group, American International Group Inc., Aon Plc, Arthur J. Gallagher & Co., AXA Group, Beazley Plc, Brown & Brown Inc., Lockton Companies, Marsh & McLennan Companies Inc., and Swiss Re Ltd. Backed with competitive intelligence and benchmarking, our research reports on the marine insurance market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Marine Insurance Market 2020-2024 : Key Highlights
Table Of Contents :
Five Forces Analysis
Market Segmentation by Product
Drivers, Challenges, and Trends
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