Global Commercial Insurance Market (2022 to 2027) - Featuring Allianz, Willis Towers Watson and Nationwide Among Others - ResearchAndMarkets.com

The "Global Commercial Insurance Market (2022-2027) by Type, Distribution channel, Enterprise, Industry Vertical, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.

Market dynamics are forces that impact the prices and behaviors of the Global Commercial Insurance Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of - Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of - Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA.
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Commercial Insurance Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

• Increase in need for insurance policies among the enterprises
• Increase Trend of Start-Up Business
• Increasing Digitization in Insurance Industry

Restraints

• Varied Insurance Regulations across the Globe
• High insurance premium
• Lack of Awareness among Small Sizes Enterprises

Opportunities

• Rising Usage of Automatic and Complex Devices In The Retail, Construction and Healthcare Industries
• Adoption of Advanced Technology in Commercial Insurance

Challenges

• Data Security and Privacy Concerns Due to Increasing Cyber-Attacks

Market Segmentation

The Global Commercial Insurance Market is segmented based on Type, Distribution channel, Enterprise, Industry Verticle, and Geography.

• Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.
• Distribution channel, the market is classified into Agents and Brokers, Direct Response, and Others.
• Enterprise, the market is classified into Small Scale Enterprise, Medium scale Enterprise, and Large scale Enterprise.
• Industry Verticle, the market is classified into Manufacturing, Energy and Utilities, Construction, IT and Telecom, Healthcare, and Others.
• Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Companies Mentioned

• Allianz
• American International Group
• AON
• AVIVA
• AXA
• Chubb
• Direct Line Insurance Group
• Marsh
• Willis Towers Watson
• Zurich
• Travelers Group
• USAA Group
• Nationwide Group
• American Intl Group
• Famers Ins Group
• Hartford Ins Group
• Tokio Marine US PC Group
• CAN Ins Cos
• Munich-American
• W.R. Berkley Group

For more information about this report visit https://www.researchandmarkets.com/r/ek2zlz

View source version on businesswire.com: https://www.businesswire.com/news/home/20220422005277/en/