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.
According to our (Global Info Research) latest study, the global SME Insurance market size was valued at USD 18530 million in 2022 and is forecast to a readjusted size of USD 24420 million by 2029 with a CAGR of 4.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global SME insurance main manufacturers include Allianz, AXA, PICC, China Life, Zurich, Chubb, Aviva, AIG, Liberty Mutual, CPIC, Nationwide, Mapfrem, Sompo Japan Nipponkoa, Tokio Marine, Hanover Insurance, Hiscox, etc., totally accounting for about 40%. Americas is the largest market, with a share over 32%. As for the types of products, it can be divided into insurance for non-employing, insurance for 1-9 employees and insurance for above 10 employees. Insurance for non-employing is the largest segment, holding a share over 70%. In terms of distribution channel, it can be divided into agency, digital and direct channels, brokers and bancassurance. Agency is the largest segment, with a share over 57%.
This report is a detailed and comprehensive analysis for global SME Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Distrubution Channel. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global SME Insurance market size and forecasts, in consumption value ($ Million), 2018-2029
Global SME Insurance market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global SME Insurance market size and forecasts, by Type and by Distrubution Channel, in consumption value ($ Million), 2018-2029
Global SME Insurance market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for SME Insurance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global SME Insurance market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Allianz, AXA, PICC, China Life and Zurich, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
SME Insurance market is split by Type and by Distrubution Channel. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Distrubution Channel. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Insurance for Non-employing
Insurance for 1-9 Employees
Insurance for above 10 Employees
Market segment by Distrubution Channel
Agency
Digital and Direct Channels
Brokers
Bancassurance
Market segment by players, this report covers
Allianz
AXA
PICC
China Life
Zurich
Chubb
Aviva
AIG
Liberty Mutual
CPIC
Nationwide
Mapfre
Sompo Japan Nipponkoa
Tokio Marine
Hanover Insurance
Hiscox
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe SME Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of SME Insurance, with revenue, gross margin and global market share of SME Insurance from 2018 to 2023.
Chapter 3, the SME Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and SME Insurance market forecast, by regions, type and distrubution channel, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of SME Insurance.
Chapter 13, to describe SME Insurance research findings and conclusion.
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 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of SME Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.