AMA Research & Media LLP

Casualty Insurance for Oil and Gas Sector Market to Witness Huge Growth by 2026


Edison, NJ -- (SBWIRE) -- 01/12/2021 -- Latest Research Study on Global Casualty Insurance for Oil and Gas Sector Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Casualty Insurance for Oil and Gas Sector Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Casualty Insurance for Oil and Gas Sector. This Report also covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Zurich Insurance Group Ltd. (Switzerland), American International Group, Inc. (United States), Chubb Limited (United States), Arch Capital Group Ltd (Bermuda), InSource Insurance Group, LLC (United States), Hartford Fire Insurance Company (United States), Starr International Company, Inc. (United States), James River Insurance Company (United States), Berkshire Hathaway Specialty Insurance (United States) and Everest Re Group, Ltd. (Bermuda).

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The increasing demand drives oil and gas companies to look for additional reserves in more technically challenging and remote areas, which further increases investment and risk. In today's increasingly litigious world, the oil and gas sector faces a greater risk of being held liable for accidents and events that cause injury to third parties. From upstream to downstream, there are several potential risks may involve for the third parties. Therefore, casualty insurance in the oil and gas sector plays a vital role in order to protect the businesses and employees. Casualty insurance is a broad category, which is mostly comprised of liability coverages. It is the liability half of property/casualty insurance. Casualty insurance covers settlements or damages an insured is obligated to pay because of an accident that injured a third party. Casualty insurance for oil and gas offers coverage such as workers' compensation, automobile liability, general liability, and excess and umbrella liability. According to AMA, the Global Casualty Insurance for Oil and Gas Sector market is expected to see growth rate of 3.86% and may see market size of USD3146.0 Million by 2025.

Market Trend
- The Growing Use of Blockchain in Casualty Insurance Sector
- Increasing Usage of Artificial Intelligence (AI), Sensor Technology and the Cloud Technology

Market Drivers
- The Rising Risk in the Oil & Gas Sector Due to Search of New Source
- The Growing Numbers of Accidents in the Oil & Gas Sector
- The Rising Regulatory Pressure

- The Emerging Demand for Casualty Coverage among the Developing Countries Oil & Gas Sector

- Declining Oil & Gas Sector Due to Shortage of Current Oil & Gas Resources

- The Profit Margins are Generally Quite Thin
- A Highly Competitive Market Environment

The Global Casualty Insurance for Oil and Gas Sector Market segments and Market Data Break Down are illuminated below:
by Application (Upstream, Midstream, Downstream), End Users (Exploration and Production Companies, Drilling Contractors, Oil Field Service Contractors, Oil Lease Operators, Pipeline Operators and Contractors, Plant Maintenance Contractors, Others), Coverage (Workers' Compensation, Automobile Liability, General Liability, Excess and Umbrella Liability)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Casualty Insurance for Oil and Gas Sector Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Casualty Insurance for Oil and Gas Sector market
Chapter 2: Exclusive Summary – the basic information of the Casualty Insurance for Oil and Gas Sector Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Casualty Insurance for Oil and Gas Sector
Chapter 4: Presenting the Casualty Insurance for Oil and Gas Sector Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Casualty Insurance for Oil and Gas Sector market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Casualty Insurance for Oil and Gas Sector Market is a valuable source of guidance for individuals and companies in their decision framework.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Casualty Insurance for Oil and Gas Sector Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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