Europe Specialty Insurance Market Size, Share & Industry Trends Analysis Report By End User (Business, and Individuals), By Distribution Channel (Brokers, and Non-brokers), By Type, By Country and Growth Forecast, 2022 - 2028
The Europe Specialty Insurance Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
The banking and financial industry is incomplete without the provision of services provided by insurance businesses. This service is well-known for assisting customers financially when they are going through challenging times. In comparison to other types of general insurance, specialty insurance comes with many additional advantages. The high demand encourages the growth of the specialty insurance market among highly skilled professionals in order to boost their income and reduce their tax liability.
In addition, uncomplicated statements and the ability to adapt to secure permission are driving the expansion of the market. In addition, it protects in the event of particular policy issues known as Errors and Omissions (E&O), which assists the organization in recovering financially. Major companies today offer insurance for a variety of industries and risks, including the arts and entertainment industry, marine life and livestock, political and credit risk, as well as maritime, aviation, and transport (MAT).
The primary driving factors for the European event management business are the swift expansion of the tourism as well as hospitality industries, the proliferation of IT hubs, and the meteoric rise in the number of business activities like brand promotions, conferences and seminars, and employee training activities. The industry is expanding due to a rise in business travel, a shift in the lifestyles of business travelers, a growth in the number of people living in urban areas, and an increase in the amount of money in their pockets. This is anticipated to boost the market for specialty insurance in the region.
The Germany market dominated the Europe Specialty Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,548.2 million by 2028. The UK market is anticipated to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.5% during (2022 - 2028).
Based on End User, the market is segmented into Business, and Individuals. Based on Distribution Channel, the market is segmented into Brokers, and Non-brokers. Based on Type, the market is segmented into Marine, Aviation & Transport (MAT) Insurance, Political Risk & Credit Insurance, Entertainment Insurance, Art Insurance, Livestock & Aquaculture Insurance, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tokio Marine Holdings, Inc., Allianz Trade (Allianz Group), AXA SA, Chubb Limited, Zurich Insurance Group Ltd., Berkshire Hathaway, Inc., Assicurazioni Generali SpA, Munich Re Group, American International Group, Inc. (AIG), and PICC Property and Casualty Company Limited.
Scope of the Study
Market Segments covered in the Report:
By End User
- Business
- Individuals
- Brokers
- Non-brokers
- Marine, Aviation & Transport (MAT) Insurance
- Political Risk & Credit Insurance
- Entertainment Insurance
- Art Insurance
- Livestock & Aquaculture Insurance
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Tokio Marine Holdings, Inc.
- Allianz Trade (Allianz Group)
- AXA SA
- Chubb Limited
- Zurich Insurance Group Ltd.
- Berkshire Hathaway, Inc.
- Assicurazioni Generali SpA
- Munich Re Group
- American International Group, Inc. (AIG)
- PICC Property and Casualty Company Limited
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Specialty Insurance Market, by End User
- 1.4.2 Europe Specialty Insurance Market, by Distribution Channel
- 1.4.3 Europe Specialty Insurance Market, by Type
- 1.4.4 Europe Specialty Insurance Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition & scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- Chapter 4. Europe Specialty Insurance Market by End User
- 4.1 Europe Business Market by Country
- 4.2 Europe Individuals Market by Country
- Chapter 5. Europe Specialty Insurance Market by Distribution Channel
- 5.1 Europe Brokers Market by Country
- 5.2 Europe Non-brokers Market by Country
- Chapter 6. Europe Specialty Insurance Market by Type
- 6.1 Europe Marine, Aviation & Transport (MAT) Insurance Market by Country
- 6.2 Europe Political Risk & Credit Insurance Market by Country
- 6.3 Europe Entertainment Insurance Market by Country
- 6.4 Europe Art Insurance Market by Country
- 6.5 Europe Livestock & Aquaculture Insurance Market by Country
- 6.6 Europe Others Market by Country
- Chapter 7. Europe Specialty Insurance Market by Country
- 7.1 Germany Specialty Insurance Market
- 7.1.1 Germany Specialty Insurance Market by End User
- 7.1.2 Germany Specialty Insurance Market by Distribution Channel
- 7.1.3 Germany Specialty Insurance Market by Type
- 7.2 UK Specialty Insurance Market
- 7.2.1 UK Specialty Insurance Market by End User
- 7.2.2 UK Specialty Insurance Market by Distribution Channel
- 7.2.3 UK Specialty Insurance Market by Type
- 7.3 France Specialty Insurance Market
- 7.3.1 France Specialty Insurance Market by End User
- 7.3.2 France Specialty Insurance Market by Distribution Channel
- 7.3.3 France Specialty Insurance Market by Type
- 7.4 Russia Specialty Insurance Market
- 7.4.1 Russia Specialty Insurance Market by End User
- 7.4.2 Russia Specialty Insurance Market by Distribution Channel
- 7.4.3 Russia Specialty Insurance Market by Type
- 7.5 Spain Specialty Insurance Market
- 7.5.1 Spain Specialty Insurance Market by End User
- 7.5.2 Spain Specialty Insurance Market by Distribution Channel
- 7.5.3 Spain Specialty Insurance Market by Type
- 7.6 Italy Specialty Insurance Market
- 7.6.1 Italy Specialty Insurance Market by End User
- 7.6.2 Italy Specialty Insurance Market by Distribution Channel
- 7.6.3 Italy Specialty Insurance Market by Type
- 7.7 Rest of Europe Specialty Insurance Market
- 7.7.1 Rest of Europe Specialty Insurance Market by End User
- 7.7.2 Rest of Europe Specialty Insurance Market by Distribution Channel
- 7.7.3 Rest of Europe Specialty Insurance Market by Type
- Chapter 8. Company Profiles
- 8.1 Tokio Marine Holdings, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Recent strategies and developments:
- 8.1.4.1 Partnerships, Collaborations, and Agreements:
- 8.1.4.2 Product Launches and Product Expansions:
- 8.1.4.3 Acquisition and Mergers:
- 8.2 Allianz Trade (Allianz Group)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental Analysis
- 8.2.4 Recent strategies and developments:
- 8.2.4.1 Partnerships, Collaborations, and Agreements:
- 8.3 AXA SA
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Recent strategies and developments:
- 8.3.4.1 Partnerships, Collaborations, and Agreements:
- 8.3.4.2 Acquisition and Mergers:
- 8.4 Chubb Limited
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Recent strategies and developments:
- 8.4.4.1 Acquisition and Mergers:
- 8.5 Zurich Insurance Group Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Recent strategies and developments:
- 8.5.3.1 Partnerships, Collaborations, and Agreements:
- 8.5.3.2 Product Launches and Product Expansions:
- 8.5.3.3 Acquisition and Mergers:
- 8.6 Berkshire Hathaway, Inc.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Recent strategies and developments:
- 8.6.4.1 Partnerships, Collaborations, and Agreements:
- 8.6.4.2 Product Launches and Product Expansions:
- 8.6.4.3 Geographical Expansions:
- 8.7 Assicurazioni Generali SpA
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Recent strategies and developments:
- 8.7.3.1 Partnerships, Collaborations, and Agreements:
- 8.7.3.2 Acquisition and Mergers:
- 8.8 Munich Re Group
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Regional Analysis
- 8.8.4 Recent strategies and developments:
- 8.8.4.1 Acquisition and Mergers:
- 8.9 American International Group, Inc. (AIG)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Regional Analysis
- 8.9.4 Recent strategies and developments:
- 8.9.4.1 Acquisition and Mergers:
- 8.10. PICC Property and Casualty Company Limited
- 8.10.1 Company Overview
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