Global Oil and Gas Marine Insurance Services Supply, Demand and Key Producers, 2023-2029

Global Oil and Gas Marine Insurance Services Supply, Demand and Key Producers, 2023-2029

The global Oil and Gas Marine Insurance Services market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

Oil and Gas Marine Insurance Services is an insurance service for the oil and gas industry designed to cover risks and losses associated with the exploration, production, transportation and storage of oil and gas. These services are typically provided by insurance companies or brokerage firms and cover a variety of risks associated with these industries, including but not limited to the following:

1. Loss of equipment and facilities: This includes loss or damage to oil wells, natural gas platforms, pipelines, storage tanks and other facilities, which may be caused by accidents, fires, explosions, storms, etc.

2. Oil spills and pollution: Insurance for leaks from oil wells or pipelines, as well as the resulting environmental pollution and cleanup costs.

3. Transportation risk: Insurance can cover loss, damage or accidents during transportation of oil and gas products by sea.

4. Property damage: This includes loss or damage to related facilities, equipment and property, not only offshore facilities, but also land infrastructure.

5. Business Interruption: Insurance can cover production interruptions and loss of revenue due to accidents, losses, or other unpredictable events.

6. Legal liability: Covers compensation claims that oil and gas companies may face due to pollution, accidents or other legal liabilities.

The purpose of these insurance services is to help oil and gas companies manage risks and ensure that they can afford the associated losses and liabilities in the event of unexpected events. These policies are often highly specialized, as the oil and gas industry's relatively complex nature and risks require specialized insurance products to meet its needs. In addition, government and international regulations often require companies in these industries to purchase specific types of insurance to ensure public safety and environmental protection.

This report studies the global Oil and Gas Marine Insurance Services demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Oil and Gas Marine Insurance Services, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Oil and Gas Marine Insurance Services that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Oil and Gas Marine Insurance Services total market, 2018-2029, (USD Million)

Global Oil and Gas Marine Insurance Services total market by region & country, CAGR, 2018-2029, (USD Million)

U.S. VS China: Oil and Gas Marine Insurance Services total market, key domestic companies and share, (USD Million)

Global Oil and Gas Marine Insurance Services revenue by player and market share 2018-2023, (USD Million)

Global Oil and Gas Marine Insurance Services total market by Type, CAGR, 2018-2029, (USD Million)

Global Oil and Gas Marine Insurance Services total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Oil and Gas Marine Insurance Services market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Emirates Insurance Co, Generali, Scor, Fidelis, AXA XL, Tokio Marine, Lloyd's of London, AIG and Chubb, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Oil and Gas Marine Insurance Services market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Oil and Gas Marine Insurance Services Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Oil and Gas Marine Insurance Services Market, Segmentation by Type
Property Insurance
Transportation Insurance
Accident Insurance
Others

Global Oil and Gas Marine Insurance Services Market, Segmentation by Application
Oil and Gas Companies
Transport Company
Terminal Operator

Companies Profiled:
Emirates Insurance Co
Generali
Scor
Fidelis
AXA XL
Tokio Marine
Lloyd's of London
AIG
Chubb
Great American Insurance Group
NFP
Travelers
ANCO Insurance
Liberty Mutual Insurance Group
Zurich
Allianz
Linkage Assurance
Al Ain Ahlia Insurance Company
GENERALI CHINA INSURANCE
China Continent insurance

Key Questions Answered

1. How big is the global Oil and Gas Marine Insurance Services market?

2. What is the demand of the global Oil and Gas Marine Insurance Services market?

3. What is the year over year growth of the global Oil and Gas Marine Insurance Services market?

4. What is the total value of the global Oil and Gas Marine Insurance Services market?

5. Who are the major players in the global Oil and Gas Marine Insurance Services market?