Marine Insurance Market: Introduction Transparency Market Research delivers key insights on the global marine insurance market. In terms of revenue, the global marine insurance market is estimated to expand at a CAGR of 3.3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global marine insurance market. Insurance companies are expanding their product lines to meet the increasing demand for marine insurance. Moreover, strong product innovation among insurance companies with newer features in marine insurance plans is expected to boost the marine insurance market during the forecast period. In addition, marine insurance companies are adopting latest technologies to help their clients in risk management and loss prevention efforts, and also to boost their own efficiencies. All this is expected to have a positive impact on the global marine insurance market during the forecast period.

1. Marine Insurance Market: Introduction
Transparency Market Research delivers key insights on the global marine insurance market. In terms
of revenue, the global marine insurance market is estimated to expand at a CAGR of 3.3% during the
forecast period, owing to numerous factors regarding which TMR offers thorough insights and
forecasts in its report on the global marine insurance market.
Insurance companies are expanding their product lines to meet the increasing demand for marine
insurance. Moreover, strong product innovation among insurance companies with newer features in
marine insurance plans is expected to boost the marine insurance market during the forecast period.
In addition, marine insurance companies are adopting latest technologies to help their clients in risk
management and loss prevention efforts, and also to boost their own efficiencies. All this is expected
to have a positive impact on the global marine insurance market during the forecast period.
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Marine Insurance Market: Key Segments
In terms of risk type, the ocean cargo segment is expected to dominate the market during the
forecast period. In terms of growth rate, ocean cargo is projected to grow at the fastest rate during
the forecast period. The growing free trade agreements across the world is likely to increase the
demand for ocean cargo shipping. In addition, the demand and supply for sea transportation has
increased across the world, which is likely to lead to increase in demand for higher ocean cargo
marine insurance globally during the forecast period.
Based on policy type, the floating segment is anticipated to hold a major market share and maintain
its share during the forecast period. In terms of growth rate, the multinational policy plan is
expected to expand at the fastest rate during the forecast period. The growing awareness about the
various benefits associated with multinational policy plans among different end-use applications
such as cargo owners, ship owners, governments, and others is expected to increase the demand for
multinational policy plans across the world during the forecast period.
In terms of premium type, the large premium type segment contributed a major revenue share to
the global marine insurance market and is expected to expand at the fastest rate as compared to
other premium types during the forecast period. Significant challenges in the shipping industry such
as climate change, shifting regulations, local compulsory insurance, and pollution legislation are
increasing the need for large premium marine insurance.
Marine Insurance Market: Key Players
Key players operating in the global marine insurance market are American International Group, Inc.,
American Financial Group, Inc., Allianz SE, Axa S.A., Arthur J. Gallagher & Co., Aon Plc, Aspen
Insurance Holdings Limited, Berkshire Hathaway Specialty Insurance, Swiss Re, Zurich Insurance
Group, Tokio Marine Holdings, Inc., Chubb Limited, The Hanover Insurance Group, Inc., Markel
Corporation, HDI Global SE, Intact Insurance Company, ProSight Global, Inc., RLI Corp, Sompo
International Holdings Ltd, The Hartford, The Travelers Indemnity Company, Assicurazioni Generali
S.p.A., Beazley Group, Starr International Company, Inc., and Marsh LTD., among Others.
Global Marine Insurance Market: Segmentation
Marine Insurance Market, by Risk Type

2.  Ocean Cargo
o Importers/Exporters of General Merchandise
o Project Cargo with Delay in Startup Risk
o Manufacturers of General Merchandise
o Auto Manufacturers/Distributors with Substantial Risk Retention by the Assured
o Retail Stock Throughput Accounts with Limited Static Risk and Substantial CAT & Fire
Deductible
o Heavy Equipment Manufacturers/Distributors
o High Tech
o Wearing Apparel
o Coffee & Cocoa
o Sugar in Bags and Bulk
o Freight Forwarders
o Specie
o Fine Arts
 Marine Liability
o Shipyards/Ship Repair
o Marine Terminal Operators (Dry & Liquid)
o Port Authorities
o Stevedores
o Fleeting/Wharf Operations
o Marine Contractors
o Marine Product Manufacturers
o Charterers Liabilities (Commercial Only)
o Excess Protection & Indemnity
o Marinas
o US L&H: Longshore and Harbor Workers Compensation
 Hull & Machinery Insurance
o Tugs and Barges
o Offshore Support/Platform Support
o Miscellaneous Workboat Fleets

3. o Research Vessels
o Hull Builders Risk
o Yachts
 Inland Marine
o Specie
o Fine Arts
o Armored Cars
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Marine Insurance Market, by Policy/Plan Type
 Multinational
 Open Marine Insurance
 Floating
 Voyage
 Port Risk
 Others (Blanket Policy, Fleet Policy, etc.)
Marine Insurance Market, by Premium Type
 Large Market
 Middle Market
 Small Market
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