An exciting new study from the team of Lucintel found that commercial insurance market is expected to reach $XX billion by 2027 with a CAGR of 7% to 9%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The commercial insurance market is segmented based on type, enterprise, distribution channel, and industry verticals, and region. In this market, liability insurance is expected to remain the largest type, and transportation & logistics segment is expected to remain the largest industry verticals. Players can benefit from the available opportunities like adoption of advanced technologies including artificial intelligence (AI), digitization, ease in services by allowing online applications and approvals, chatbots, and well-structured IT infrastructure between the distribution channels.Allianz, American International Group, Inc., Aon plc, Aviva, AXA, Chubb, Direct Line Insurance Group plc, Marsh, Willis Towers Watson, and Zurich are some of the major players profiled in this 150 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the commercial insurance market by type (liability insurance, commercial motor insurance, commercial property insurance, marine insurance, and others), by enterprise (large enterprises and small and medium-sized enterprises) by distribution channel (agents and brokers, direct response, and others) end use industry (manufacturing, construction, transportation and logistics, IT and telecom, healthcare, and energy and utilities, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the commercial insurance market?
Q.4 What are some changing demands of customers in the commercial insurance market?
Q.5 What are the new developments in the commercial insurance market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this commercial insurance area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this commercial insurance market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
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