Property & Casualty Insurance for Oil & Gas Sector Market May See a Big Move : Allianz, AXA, Chubb

 

Edison, NJ -- (SBWIRE) -- 11/26/2020 -- Global Property & Casualty Insurance for Oil & Gas Sector Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,
Allianz (Germany), American International Group, Inc. (United States), Arch Capital Group Ltd (Bermuda), AXA SA (France), Berkshire Hathaway, Inc. (United States), Chubb Limited (United States), Cravens Warren Commercial Insurance (United States), Everest Re Group, Ltd. (Bermuda), Hartford Fire Insurance Company (United States), InSource Insurance Group, LLC (United States), Intact Financial Corporation (Canada), James River Insurance Company (United States), Liberty Mutual Insurance Company (United States), Munich RE (Germany), Starr International Company, Inc. (United States), The Travelers Indemnity Company (United States), Tokio Marine HCC (United States) and Zurich Insurance Group Ltd. (Switzerland) are some of the key players profiled in the study.

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Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Property & Casualty Insurance for Oil & Gas Sector Market various segments and emerging territory.

The global property & casualty insurance market for oil & gas sector is expected to grow at a moderate pace during the forecast period, according to the AMA study. Rising number of interruptions & casualties in the oil & gas sector is expected to be one of the major factors aiding into the growth for the market. The market was estimated to be around USD 17,371.1 million in 2019. However, the market is expected to witness some decline in the growth for the next few years due to the current pandemic & the recession in oil & gas industry, but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.

Market Drivers
- The increasing number of interruption in the oil and gas industry due to the occurrences such as power shutdown, internal or external interference in operational activities, or other activities reacted to property. The growing demand for property insurance in the oil and gas sector has driven market growth. Furthermore, the rising concerns for accidents caused in the oil & gas sector & increasing regulatory pressure to ensure the employees' safety & security is another major driving factor.

Market Trend
- The property insurance are now made to compensate an insured for the financial impact of the interruption/interference to that business as a result of physical damage to insured property or other key external events, such as damage at a supplier's or customer's premises. Furthermore, the growing use of blockchain in casualty insurance sector and increasing usage of artificial intelligence (AI) sensor technology & cloud technology are some other trends of the market.

Restraints
- Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic

Opportunities
- An increase in deductible limits by oil and gas companies' in order to save money on premiums will ultimately increase the coverage limit. Also, certain laws provide exemptions from the deduction limit for certain situations and will provide tax saving. This benefit has motivated the oil and gas sector to adopt insurance policies of which property insurance is being demanded.

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

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In this research study, the prime factors that are impelling the growth of the Global Property & Casualty Insurance for Oil & Gas Sector market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Property & Casualty Insurance for Oil & Gas Sector market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Property & Casualty Insurance for Oil & Gas Sector market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Property & Casualty Insurance for Oil & Gas Sector Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Property & Casualty Insurance for Oil & Gas Sector Market
The report highlights Property & Casualty Insurance for Oil & Gas Sector market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Property & Casualty Insurance for Oil & Gas Sector, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Chapter 1: Property & Casualty Insurance for Oil & Gas Sector Market Overview
Chapter 2: Global Property & Casualty Insurance for Oil & Gas Sector Market Share and Market Overview
Chapter 3: Property & Casualty Insurance for Oil & Gas Sector Market Manufacturers/Players Analysis
3.1 Market Concentration Rate
3.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
3.3 Heat Map Analysis
3.4 FPNV Positioning Matrix
3.5 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
3.6 Company Profile - Business Distribution by Region, Interview Record, Business Profile, Product/Service Specification, Price, Revenue and Gross profit 2017-2019
3.7 Price Benchmarking (2017-2019)
Chapter 4: Global Property & Casualty Insurance for Oil & Gas Sector Market Segmentation (Country Level Breakdown) (2014-2025)
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands, Poland and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Chapter 5: Global Property & Casualty Insurance for Oil & Gas Sector Market Breakdown by Segments (by Type (Property Insurance {Personal Property, Commercial Property}, Casualty Insurance), 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 (Property Insurance {Replacement Cost, Actual Cash Value, Extended Replacement Costs}, Casualty Insurance {Workers' Compensation, Automobile Liability, General Liability, Excess and Umbrella Liability}))
5.1 Global Property & Casualty Insurance for Oil & Gas Sector Market Segmentation (Product Type) Market Size 2014-2025
5.2 Different Property & Casualty Insurance for Oil & Gas Sector Price Analysis by Product Type (2014-2025)
5.3 Global Property & Casualty Insurance for Oil & Gas Sector Market Segmentation (Product Type) Analysis
5.4 Global Property & Casualty Insurance for Oil & Gas Sector Market by Application/End users Market Size 2014-2025
5.5 Global Property & Casualty Insurance for Oil & Gas Sector Market Segmentation (other segments) Analysis
Chapter 6: Methodology/Research Approach, Data Source, Disclaimer

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This report also analyzes the regulatory framework of the Global Markets Property & Casualty Insurance for Oil & Gas Sector Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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