Albany, NY -- (SBWIRE) -- 08/02/2017 -- Insurance is a promise of compensation in case of damage/injury/loss in exchange for a premium. It is a form of risk management. Insurance services include various forms of compensation benefits such as protection of property and vehicles against damage or loss, reimbursement of the cost associated with healthcare, and compensation for accidental death to pre-decided beneficiaries.
Logistics insurance offers insurance against the damage or loss to business because of interruption in the logistics chain. The global logistics insurance market to grow at a CAGR of 2.35% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global logistics insurance market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through sales of various insurance products that are segmented based on types. The types of insurance are marine insurance, inland insurance, and aviation insurance.
The market is divided into the following segments based on geography:
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Technavio's report, Global Logistics Insurance Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Integrity Transportation Insurance Agency
- Liberty Mutual Insurance
Other prominent vendors
- Arthur J. Gallagher
- Mitsui Sumitomo Insurance
- Munich Re
- Peoples Insurance Agency
- Samsung Fire & Marine Insurance
- Sompo Japan Nipponkoa Insurance
- Swiss Re Group
- Thomas Miller
- Tokio Marine Holdings
- XL Group
- Zurich Insurance Group
- Increase in number of cargo thefts
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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