Global Commercial Umbrella Insurance Market Insights, Forecast to 2028
Table of Contents
1 Report Business Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global Commercial Umbrella Insurance Market Size Growth Rate by Type, 2017 VS 2021 VS 2028
- 1.2.2 General Liability Insurance
- 1.2.3 Commercial Auto Insurance
- 1.2.4 Employer’s Liability Insurance
- 1.3 Market by Application
- 1.3.1 Global Commercial Umbrella Insurance Market Size Growth Rate by Application, 2017 VS 2021 VS 2028
- 1.3.2 SMEs
- 1.3.3 Large Enterprises
- 1.4 Study Objectives
- 1.5 Years Considered
2 Global Growth Trends
- 2.1 Global Commercial Umbrella Insurance Market Perspective (2017-2028)
- 2.2 Commercial Umbrella Insurance Growth Trends by Region
- 2.2.1 Commercial Umbrella Insurance Market Size by Region: 2017 VS 2021 VS 2028
- 2.2.2 Commercial Umbrella Insurance Historic Market Size by Region (2017-2022)
- 2.2.3 Commercial Umbrella Insurance Forecasted Market Size by Region (2023-2028)
- 2.3 Commercial Umbrella Insurance Market Dynamics
- 2.3.1 Commercial Umbrella Insurance Industry Trends
- 2.3.2 Commercial Umbrella Insurance Market Drivers
- 2.3.3 Commercial Umbrella Insurance Market Challenges
- 2.3.4 Commercial Umbrella Insurance Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Top Commercial Umbrella Insurance Players by Revenue
- 3.1.1 Global Top Commercial Umbrella Insurance Players by Revenue (2017-2022)
- 3.1.2 Global Commercial Umbrella Insurance Revenue Market Share by Players (2017-2022)
- 3.2 Global Commercial Umbrella Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Players Covered: Ranking by Commercial Umbrella Insurance Revenue
- 3.4 Global Commercial Umbrella Insurance Market Concentration Ratio
- 3.4.1 Global Commercial Umbrella Insurance Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by Commercial Umbrella Insurance Revenue in 2021
- 3.5 Commercial Umbrella Insurance Key Players Head office and Area Served
- 3.6 Key Players Commercial Umbrella Insurance Product Solution and Service
- 3.7 Date of Enter into Commercial Umbrella Insurance Market
- 3.8 Mergers & Acquisitions, Expansion Plans
4 Commercial Umbrella Insurance Breakdown Data by Type
- 4.1 Global Commercial Umbrella Insurance Historic Market Size by Type (2017-2022)
- 4.2 Global Commercial Umbrella Insurance Forecasted Market Size by Type (2023-2028)
5 Commercial Umbrella Insurance Breakdown Data by Application
- 5.1 Global Commercial Umbrella Insurance Historic Market Size by Application (2017-2022)
- 5.2 Global Commercial Umbrella Insurance Forecasted Market Size by Application (2023-2028)
6 North America
- 6.1 North America Commercial Umbrella Insurance Market Size (2017-2028)
- 6.2 North America Commercial Umbrella Insurance Market Size by Type
- 6.2.1 North America Commercial Umbrella Insurance Market Size by Type (2017-2022)
- 6.2.2 North America Commercial Umbrella Insurance Market Size by Type (2023-2028)
- 6.2.3 North America Commercial Umbrella Insurance Market Share by Type (2017-2028)
- 6.3 North America Commercial Umbrella Insurance Market Size by Application
- 6.3.1 North America Commercial Umbrella Insurance Market Size by Application (2017-2022)
- 6.3.2 North America Commercial Umbrella Insurance Market Size by Application (2023-2028)
- 6.3.3 North America Commercial Umbrella Insurance Market Share by Application (2017-2028)
- 6.4 North America Commercial Umbrella Insurance Market Size by Country
- 6.4.1 North America Commercial Umbrella Insurance Market Size by Country (2017-2022)
- 6.4.2 North America Commercial Umbrella Insurance Market Size by Country (2023-2028)
- 6.4.3 United States
- 6.4.4 Canada
7 Europe
- 7.1 Europe Commercial Umbrella Insurance Market Size (2017-2028)
- 7.2 Europe Commercial Umbrella Insurance Market Size by Type
- 7.2.1 Europe Commercial Umbrella Insurance Market Size by Type (2017-2022)
- 7.2.2 Europe Commercial Umbrella Insurance Market Size by Type (2023-2028)
- 7.2.3 Europe Commercial Umbrella Insurance Market Share by Type (2017-2028)
- 7.3 Europe Commercial Umbrella Insurance Market Size by Application
- 7.3.1 Europe Commercial Umbrella Insurance Market Size by Application (2017-2022)
- 7.3.2 Europe Commercial Umbrella Insurance Market Size by Application (2023-2028)
- 7.3.3 Europe Commercial Umbrella Insurance Market Share by Application (2017-2028)
- 7.4 Europe Commercial Umbrella Insurance Market Size by Country
- 7.4.1 Europe Commercial Umbrella Insurance Market Size by Country (2017-2022)
- 7.4.2 Europe Commercial Umbrella Insurance Market Size by Country (2023-2028)
- 7.4.3 Germany
- 7.4.4 France
- 7.4.5 U.K.
- 7.4.6 Italy
- 7.4.7 Russia
- 7.4.8 Nordic Countries
8 Asia-Pacific
- 8.1 Asia-Pacific Commercial Umbrella Insurance Market Size (2017-2028)
- 8.2 Asia-Pacific Commercial Umbrella Insurance Market Size by Type
- 8.2.1 Asia-Pacific Commercial Umbrella Insurance Market Size by Type (2017-2022)
- 8.2.2 Asia-Pacific Commercial Umbrella Insurance Market Size by Type (2023-2028)
- 8.2.3 Asia-Pacific Commercial Umbrella Insurance Market Share by Type (2017-2028)
- 8.3 Asia-Pacific Commercial Umbrella Insurance Market Size by Application
- 8.3.1 Asia-Pacific Commercial Umbrella Insurance Market Size by Application (2017-2022)
- 8.3.2 Asia-Pacific Commercial Umbrella Insurance Market Size by Application (2023-2028)
- 8.3.3 Asia-Pacific Commercial Umbrella Insurance Market Share by Application (2017-2028)
- 8.4 Asia-Pacific Commercial Umbrella Insurance Market Size by Region
- 8.4.1 Asia-Pacific Commercial Umbrella Insurance Market Size by Region (2017-2022)
- 8.4.2 Asia-Pacific Commercial Umbrella Insurance Market Size by Region (2023-2028)
- 8.4.3 China
- 8.4.4 Japan
- 8.4.5 South Korea
- 8.4.6 Southeast Asia
- 8.4.7 India
- 8.4.8 Australia
9 Latin America
- 9.1 Latin America Commercial Umbrella Insurance Market Size (2017-2028)
- 9.2 Latin America Commercial Umbrella Insurance Market Size by Type
- 9.2.1 Latin America Commercial Umbrella Insurance Market Size by Type (2017-2022)
- 9.2.2 Latin America Commercial Umbrella Insurance Market Size by Type (2023-2028)
- 9.2.3 Latin America Commercial Umbrella Insurance Market Share by Type (2017-2028)
- 9.3 Latin America Commercial Umbrella Insurance Market Size by Application
- 9.3.1 Latin America Commercial Umbrella Insurance Market Size by Application (2017-2022)
- 9.3.2 Latin America Commercial Umbrella Insurance Market Size by Application (2023-2028)
- 9.3.3 Latin America Commercial Umbrella Insurance Market Share by Application (2017-2028)
- 9.4 Latin America Commercial Umbrella Insurance Market Size by Country
- 9.4.1 Latin America Commercial Umbrella Insurance Market Size by Country (2017-2022)
- 9.4.2 Latin America Commercial Umbrella Insurance Market Size by Country (2023-2028)
- 9.4.3 Mexico
- 9.4.4 Brazil
10 Middle East & Africa
- 10.1 Middle East & Africa Commercial Umbrella Insurance Market Size (2017-2028)
- 10.2 Middle East & Africa Commercial Umbrella Insurance Market Size by Type
- 10.2.1 Middle East & Africa Commercial Umbrella Insurance Market Size by Type (2017-2022)
- 10.2.2 Middle East & Africa Commercial Umbrella Insurance Market Size by Type (2023-2028)
- 10.2.3 Middle East & Africa Commercial Umbrella Insurance Market Share by Type (2017-2028)
- 10.3 Middle East & Africa Commercial Umbrella Insurance Market Size by Application
- 10.3.1 Middle East & Africa Commercial Umbrella Insurance Market Size by Application (2017-2022)
- 10.3.2 Middle East & Africa Commercial Umbrella Insurance Market Size by Application (2023-2028)
- 10.3.3 Middle East & Africa Commercial Umbrella Insurance Market Share by Application (2017-2028)
- 10.4 Middle East & Africa Commercial Umbrella Insurance Market Size by Country
- 10.4.1 Middle East & Africa Commercial Umbrella Insurance Market Size by Country (2017-2022)
- 10.4.2 Middle East & Africa Commercial Umbrella Insurance Market Size by Country (2023-2028)
- 10.4.3 Turkey
- 10.4.4 Saudi Arabia
- 10.4.5 UAE
11 Key Players Profiles
- 11.1 The Hartford
- 11.1.1 The Hartford Company Details
- 11.1.2 The Hartford Business Overview
- 11.1.3 The Hartford Commercial Umbrella Insurance Introduction
- 11.1.4 The Hartford Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.1.5 The Hartford Recent Developments
- 11.2 Travelers
- 11.2.1 Travelers Company Details
- 11.2.2 Travelers Business Overview
- 11.2.3 Travelers Commercial Umbrella Insurance Introduction
- 11.2.4 Travelers Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.2.5 Travelers Recent Developments
- 11.3 Westfield
- 11.3.1 Westfield Company Details
- 11.3.2 Westfield Business Overview
- 11.3.3 Westfield Commercial Umbrella Insurance Introduction
- 11.3.4 Westfield Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.3.5 Westfield Recent Developments
- 11.4 Zurich
- 11.4.1 Zurich Company Details
- 11.4.2 Zurich Business Overview
- 11.4.3 Zurich Commercial Umbrella Insurance Introduction
- 11.4.4 Zurich Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.4.5 Zurich Recent Developments
- 11.5 Victor
- 11.5.1 Victor Company Details
- 11.5.2 Victor Business Overview
- 11.5.3 Victor Commercial Umbrella Insurance Introduction
- 11.5.4 Victor Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.5.5 Victor Recent Developments
- 11.6 Nationwide
- 11.6.1 Nationwide Company Details
- 11.6.2 Nationwide Business Overview
- 11.6.3 Nationwide Commercial Umbrella Insurance Introduction
- 11.6.4 Nationwide Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.6.5 Nationwide Recent Developments
- 11.7 Farmers
- 11.7.1 Farmers Company Details
- 11.7.2 Farmers Business Overview
- 11.7.3 Farmers Commercial Umbrella Insurance Introduction
- 11.7.4 Farmers Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.7.5 Farmers Recent Developments
- 11.8 State Farm
- 11.8.1 State Farm Company Details
- 11.8.2 State Farm Business Overview
- 11.8.3 State Farm Commercial Umbrella Insurance Introduction
- 11.8.4 State Farm Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.8.5 State Farm Recent Developments
- 11.9 Markel
- 11.9.1 Markel Company Details
- 11.9.2 Markel Business Overview
- 11.9.3 Markel Commercial Umbrella Insurance Introduction
- 11.9.4 Markel Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.9.5 Markel Recent Developments
- 11.10 CNA
- 11.10.1 CNA Company Details
- 11.10.2 CNA Business Overview
- 11.10.3 CNA Commercial Umbrella Insurance Introduction
- 11.10.4 CNA Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.10.5 CNA Recent Developments
- 11.11 The Hanover
- 11.11.1 The Hanover Company Details
- 11.11.2 The Hanover Business Overview
- 11.11.3 The Hanover Commercial Umbrella Insurance Introduction
- 11.11.4 The Hanover Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.11.5 The Hanover Recent Developments
- 11.12 HUB
- 11.12.1 HUB Company Details
- 11.12.2 HUB Business Overview
- 11.12.3 HUB Commercial Umbrella Insurance Introduction
- 11.12.4 HUB Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.12.5 HUB Recent Developments
- 11.13 Reliance
- 11.13.1 Reliance Company Details
- 11.13.2 Reliance Business Overview
- 11.13.3 Reliance Commercial Umbrella Insurance Introduction
- 11.13.4 Reliance Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.13.5 Reliance Recent Developments
- 11.14 Chubb
- 11.14.1 Chubb Company Details
- 11.14.2 Chubb Business Overview
- 11.14.3 Chubb Commercial Umbrella Insurance Introduction
- 11.14.4 Chubb Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.14.5 Chubb Recent Developments
- 11.15 Advisor Smith
- 11.15.1 Advisor Smith Company Details
- 11.15.2 Advisor Smith Business Overview
- 11.15.3 Advisor Smith Commercial Umbrella Insurance Introduction
- 11.15.4 Advisor Smith Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.15.5 Advisor Smith Recent Developments
- 11.16 Frankenmuth
- 11.16.1 Frankenmuth Company Details
- 11.16.2 Frankenmuth Business Overview
- 11.16.3 Frankenmuth Commercial Umbrella Insurance Introduction
- 11.16.4 Frankenmuth Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.16.5 Frankenmuth Recent Developments
- 11.17 GEICO
- 11.17.1 GEICO Company Details
- 11.17.2 GEICO Business Overview
- 11.17.3 GEICO Commercial Umbrella Insurance Introduction
- 11.17.4 GEICO Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.17.5 GEICO Recent Developments
- 11.18 Farm Bureau
- 11.18.1 Farm Bureau Company Details
- 11.18.2 Farm Bureau Business Overview
- 11.18.3 Farm Bureau Commercial Umbrella Insurance Introduction
- 11.18.4 Farm Bureau Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.18.5 Farm Bureau Recent Developments
- 11.19 ARBELLA
- 11.19.1 ARBELLA Company Details
- 11.19.2 ARBELLA Business Overview
- 11.19.3 ARBELLA Commercial Umbrella Insurance Introduction
- 11.19.4 ARBELLA Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.19.5 ARBELLA Recent Developments
- 11.20 Western National
- 11.20.1 Western National Company Details
- 11.20.2 Western National Business Overview
- 11.20.3 Western National Commercial Umbrella Insurance Introduction
- 11.20.4 Western National Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.20.5 Western National Recent Developments
- 11.21 Paychex
- 11.21.1 Paychex Company Details
- 11.21.2 Paychex Business Overview
- 11.21.3 Paychex Commercial Umbrella Insurance Introduction
- 11.21.4 Paychex Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.21.5 Paychex Recent Developments
- 11.22 ADP
- 11.22.1 ADP Company Details
- 11.22.2 ADP Business Overview
- 11.22.3 ADP Commercial Umbrella Insurance Introduction
- 11.22.4 ADP Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.22.5 ADP Recent Developments
- 11.23 Sentry
- 11.23.1 Sentry Company Details
- 11.23.2 Sentry Business Overview
- 11.23.3 Sentry Commercial Umbrella Insurance Introduction
- 11.23.4 Sentry Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.23.5 Sentry Recent Developments
- 11.24 Selective
- 11.24.1 Selective Company Details
- 11.24.2 Selective Business Overview
- 11.24.3 Selective Commercial Umbrella Insurance Introduction
- 11.24.4 Selective Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.24.5 Selective Recent Developments
- 11.25 InsureOne
- 11.25.1 InsureOne Company Details
- 11.25.2 InsureOne Business Overview
- 11.25.3 InsureOne Commercial Umbrella Insurance Introduction
- 11.25.4 InsureOne Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.25.5 InsureOne Recent Developments
- 11.26 biBERK
- 11.26.1 biBERK Company Details
- 11.26.2 biBERK Business Overview
- 11.26.3 biBERK Commercial Umbrella Insurance Introduction
- 11.26.4 biBERK Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.26.5 biBERK Recent Developments
- 11.27 RLI
- 11.27.1 RLI Company Details
- 11.27.2 RLI Business Overview
- 11.27.3 RLI Commercial Umbrella Insurance Introduction
- 11.27.4 RLI Revenue in Commercial Umbrella Insurance Business (2017-2022)
- 11.27.5 RLI Recent Developments
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
Summary:
Market Analysis and Insights: Global Commercial Umbrella Insurance Market
Commercial umbrella insurance, or sometimes just called umbrella coverage, is a type of excess liability insurance policy that is broader than an ordinary excess liability policy. An umbrella policy can provide additional liability limits and protection to help cover costs of catastrophic claims and lawsuits when your business is found legally liable for losses. When the costs of such claims exceed the limits provided by your primary commercial liability coverages, the limits of the commercial umbrella policy “drop-down” to provide additional, or excess, limits of coverage.
The global Commercial Umbrella Insurance market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, General Liability Insurance accounting for % of the Commercial Umbrella Insurance global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While SMEs segment is altered to an % CAGR throughout this forecast period.
China Commercial Umbrella Insurance market size is valued at US$ million in 2021, while the North America and Europe Commercial Umbrella Insurance are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Commercial Umbrella Insurance landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Commercial Umbrella Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Commercial Umbrella Insurance market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Commercial Umbrella Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Commercial Umbrella Insurance market.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Commercial Umbrella Insurance market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2017-2028. They have also discussed about the growth rate and potential of each segment for the period 2017-2028.
Commercial Umbrella Insurance Breakdown Data by Type
General Liability Insurance
Commercial Auto Insurance
Employer’s Liability Insurance
Commercial Umbrella Insurance Breakdown Data by Application
SMEs
Large Enterprises
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2017-2022. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
The Hartford
Travelers
Westfield
Zurich
Victor
Nationwide
Farmers
State Farm
Markel
CNA
The Hanover
HUB
Reliance
Chubb
Advisor Smith
Frankenmuth
GEICO
Farm Bureau
ARBELLA
Western National
Paychex
ADP
Sentry
Selective
InsureOne
biBERK
RLI
Frequently Asked Questions
What factors will challenge the Commercial Umbrella Insurance market growth?
Which end-use segment will expand at the fastest CAGR in the Commercial Umbrella Insurance market?
Which are the emerging players in the Commercial Umbrella Insurance market?
How concentrated is the Commercial Umbrella Insurance market?
Which factors are positively contributing to the Commercial Umbrella Insurance market growth?
Which are the novel product innovations in the Commercial Umbrella Insurance market?
Which product segment will emerge as the most lucrative in the Commercial Umbrella Insurance market?
Which factors are increasing the competition in the Commercial Umbrella Insurance market?
Which are the strategic measures taken by the Commercial Umbrella Insurance industry players?
Which region will witness inactive growth during the forecast period?
What key trends are likely to emerge in the Commercial Umbrella Insurance market in the coming years?