All businesses are exposed to various risks which are either man-made or natural. Insurance is a prudent way to limit liabilities in the event of an unpleasant occurrence to assets, property and business.The usual customers of SME insurance are small and medium-sized enterprise, the insurance mainly include property insurance, public liability insurance, business interruption insurance, workers compensation insurance, goods in transit insurance and others.
The leading players mainly are AIA, AIG, AXA, Tokio Marine and Sompo. AIA is the largest player; its Premium of Asia market exceeds 6.69% in 2018.
There are mainly six type product of SME Insurance market: Property Insurance, Public Liability Insurance, Business Interruption Insurance, Workers Compensation Insurance, Goods in Transit Insurance and Others.
Geographically, the Asia SME Insurance market has been segmented into China, Japan, South Korea, India, Malaysia. The China, held the largest share in the Asia market, its Premium of Asia market exceeds 30% in 2018. The next is Japan.
According to this study, over the next five years the SME Insurance market will register a 10.6% CAGR in terms of revenue, the global market size will reach US$ 9430 million by 2024, from US$ 5700 million in 2019. In particular, this report presents the global revenue market share of key companies in SME Insurance business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of SME Insurance market by product type, application, key companies and key regions.
This study considers the SME Insurance value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Property Insurance
Public Liability Insurance
Workers Compensation Insurance
Goods in Transit Insurance
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Bancassurance
Digital & Direct Channels
Brokers
Agency
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
AIA
AIG
AXA
Tokio Marine
Sompo
Allianz
CPIC
Samsung Life Insurance
PingAn
Chubb
Great Eastern
China Life
PICC
Muang Thai
Hong Leong
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global SME Insurance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of SME Insurance market by identifying its various subsegments.
Focuses on the key global SME Insurance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the SME Insurance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of SME Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on SME Insurance. Industry analysis & Market Report on SME Insurance is a syndicated market report, published as Global SME Insurance Market Growth (Status and Outlook) 2019-2024. It is complete Research Study and Industry Analysis of SME Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.