Global Specialty Insurance Market 2024-2028

Global Specialty Insurance Market 2024-2028


The specialty insurance market is forecasted to grow by USD 57.25 bn during 2023-2028, accelerating at a CAGR of 10.36% during the forecast period. The report on the specialty insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing globalization and interconnectedness of business, emerging industries and innovative business models, and rising frequency and severity of natural disasters and climate-related events.

Technavio's specialty insurance market is segmented as below:

By Distribution Channel
  • Brokers
  • Non-brokers
By End-user
  • Business
  • Individual
By Geographical Landscape
  • Europe
  • North America
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increase in collaboration among specialty insurer as one of the prime reasons driving the specialty insurance market growth during the next few years. Also, integration of artificial intelligence and data analytics for risk assessment and development of microinsurance and on-demand insurance products will lead to sizable demand in the market.

The report on the specialty insurance market covers the following areas:
  • Specialty insurance market sizing
  • Specialty insurance market forecast
  • Specialty insurance market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading specialty insurance market vendors that include Allianz SE, American International Group Inc., Assicurazioni Generali S.p.A., Avolta AG, AXA Group, Beazley Plc, Berkshire Hathaway Inc., Chubb Ltd., Hiscox Ltd., Liberty Mutual Insurance Co., Markel Corp., Munich Reinsurance Co., PICC Property and Casualty Co. Ltd., QBE Insurance Group Ltd., SELECTIVE INSURANCE GROUP INC., THE HANOVER INSURANCE GROUP INC., THE HARTFORD FINANCIAL SERVICES GROUP INC., Tokio Marine Holdings Inc., Zurich Insurance Co. Ltd., and ARGO GROUP INTERNATIONAL HOLDINGS LTD.. Also, the specialty insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Distribution Channel
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global specialty insurance market 2018 - 2022
      • Table Historic Market Size – Data Table on global specialty insurance market 2018 - 2022 ($ million)
    • Distribution Channel Segment Analysis 2018 - 2022
      • Table Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • End-user Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Distribution Channel
    • Market segments
      • Table Chart on Distribution Channel - Market share 2023-2028 (%)
      • Table Data Table on Distribution Channel - Market share 2023-2028 (%)
    • Comparison by Distribution Channel
      • Table Chart on Comparison by Distribution Channel
      • Table Data Table on Comparison by Distribution Channel
    • Brokers - Market size and forecast 2023-2028
      • Table Chart on Brokers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Brokers - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Brokers - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Brokers - Year-over-year growth 2023-2028 (%)
    • Non-brokers - Market size and forecast 2023-2028
      • Table Chart on Non-brokers - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Non-brokers - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Non-brokers - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Non-brokers - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Distribution Channel
      • Table Market opportunity by Distribution Channel ($ million)
      • Table Data Table on Market opportunity by Distribution Channel ($ million)
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Business - Market size and forecast 2023-2028
      • Table Chart on Business - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Business - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Business - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Business - Year-over-year growth 2023-2028 (%)
    • Individual - Market size and forecast 2023-2028
      • Table Chart on Individual - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Individual - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Individual - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Individual - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • France - Market size and forecast 2023-2028
      • Table Chart on France - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Table Chart on France - Year-over-year growth 2023-2028 (%)
      • Table Data Table on France - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing globalization and interconnectedness of business
      • Emerging industries and innovative business models
    • Market challenges
      • Concerns related to cyberattacks through digital technologies used for specialty insurance
      • Complex and evolving nature of specialty insurance risks
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increase in collaboration among specialty insurer
      • Integration of artificial intelligence and data analytics for risk assessment
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Allianz SE
      • Table Allianz SE - Overview
      • Table Allianz SE - Business segments
      • Table Allianz SE - Key news
      • Table Allianz SE - Key offerings
      • Table Allianz SE - Segment focus
    • American International Group Inc.
      • Table American International Group Inc. - Overview
      • Table American International Group Inc. - Business segments
      • Table American International Group Inc. - Key offerings
      • Table American International Group Inc. - Segment focus
    • ARGO GROUP INTERNATIONAL HOLDINGS LTD.
      • Table ARGO GROUP INTERNATIONAL HOLDINGS LTD. - Overview
      • Table ARGO GROUP INTERNATIONAL HOLDINGS LTD. - Business segments
      • Table ARGO GROUP INTERNATIONAL HOLDINGS LTD. - Key offerings
      • Table ARGO GROUP INTERNATIONAL HOLDINGS LTD. - Segment focus
    • Assicurazioni Generali S.p.A.
      • Table Assicurazioni Generali S.p.A. - Overview
      • Table Assicurazioni Generali S.p.A. - Business segments
      • Table Assicurazioni Generali S.p.A. - Key offerings
      • Table Assicurazioni Generali S.p.A. - Segment focus
    • AXA Group
      • Table AXA Group - Overview
      • Table AXA Group - Business segments
      • Table AXA Group - Key news
      • Table AXA Group - Key offerings
      • Table AXA Group - Segment focus
    • Beazley Plc
      • Table Beazley Plc - Overview
      • Table Beazley Plc - Business segments
      • Table Beazley Plc - Key offerings
      • Table Beazley Plc - Segment focus
    • Berkshire Hathaway Inc.
      • Table Berkshire Hathaway Inc. - Overview
      • Table Berkshire Hathaway Inc. - Business segments
      • Table Berkshire Hathaway Inc. - Key news
      • Table Berkshire Hathaway Inc. - Key offerings
      • Table Berkshire Hathaway Inc. - Segment focus
    • Chubb Ltd.
      • Table Chubb Ltd. - Overview
      • Table Chubb Ltd. - Business segments
      • Table Chubb Ltd. - Key news
      • Table Chubb Ltd. - Key offerings
      • Table Chubb Ltd. - Segment focus
    • Hiscox Ltd.
      • Table Hiscox Ltd. - Overview
      • Table Hiscox Ltd. - Product / Service
      • Table Hiscox Ltd. - Key offerings
    • Markel Corp.
      • Table Markel Corp. - Overview
      • Table Markel Corp. - Product / Service
      • Table Markel Corp. - Key offerings
    • Munich Reinsurance Co.
      • Table Munich Reinsurance Co. - Overview
      • Table Munich Reinsurance Co. - Business segments
      • Table Munich Reinsurance Co. - Key offerings
      • Table Munich Reinsurance Co. - Segment focus
    • QBE Insurance Group Ltd.
      • Table QBE Insurance Group Ltd. - Overview
      • Table QBE Insurance Group Ltd. - Business segments
      • Table QBE Insurance Group Ltd. - Key offerings
      • Table QBE Insurance Group Ltd. - Segment focus
    • THE HARTFORD FINANCIAL SERVICES GROUP INC.
      • Table THE HARTFORD FINANCIAL SERVICES GROUP INC. - Overview
      • Table THE HARTFORD FINANCIAL SERVICES GROUP INC. - Business segments
      • Table THE HARTFORD FINANCIAL SERVICES GROUP INC. - Key offerings
      • Table THE HARTFORD FINANCIAL SERVICES GROUP INC. - Segment focus
    • Tokio Marine Holdings Inc.
      • Table Tokio Marine Holdings Inc. - Overview
      • Table Tokio Marine Holdings Inc. - Business segments
      • Table Tokio Marine Holdings Inc. - Key offerings
      • Table Tokio Marine Holdings Inc. - Segment focus
    • Zurich Insurance Co. Ltd.
      • Table Zurich Insurance Co. Ltd. - Overview
      • Table Zurich Insurance Co. Ltd. - Business segments
      • Table Zurich Insurance Co. Ltd. - Key offerings
      • Table Zurich Insurance Co. Ltd. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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