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.
In 2018, the global SME Insurance market size was 5700 million US$ and it is expected to reach 11700 million US$ by the end of 2025, with a CAGR of 10.8% during 2019-2025.
This report focuses on the global SME Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the SME Insurance development in United States, Europe and China.
The key players covered in this study
AIA
AIG
AXA
Tokio Marine
Sompo
Allianz
CPIC
Samsung Life Insurance
PingAn
Chubb
Great Eastern
China Life
PICC
Muang Thai
Hong Leong
Market segment by Type, the product can be split into
Property Insurance
Public Liability Insurance
Business Interruption Insurance
Workers Compensation Insurance
Goods in Transit Insurance
Market segment by Application, split into
Bancassurance
Digital & Direct Channels
Brokers
Agency
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global SME Insurance status, future forecast, growth opportunity, key market and key players.
To present the SME Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of SME Insurance are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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 Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of SME Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.