The Asia Pacific Specialty Insurance Market would witness market growth of 10.8% CAGR during the forecast period (2022-2028).
The real estate sector is experiencing an increase in the frequency of natural disasters, catastrophes caused by humans, and abrupt or gradual property damages. This, in turn, is fueling an increased demand for specialty insurance. Furthermore, major players use cutting-edge digital technologies to extend their operations and provide end users with improved services. Humans have affected much of all extreme weather in the last 20 years. Because of these unpredictable shifts, previous climate models may no more be accurate for forecasting, forcing insurers to reevaluate their catastrophic models.
Natural catastrophes that haven't previously happened before in certain locations may occasionally happen, and tropical illnesses are more prone to spread to new areas. In addition to these unpredictabilities, insurers also need to consider improving their readiness for potential pandemics. To keep up with these growing risks, specialty lines must have the technical infrastructure to simplify the modeling and underwriting process. Product and underwriting teams will need to be able to make changes to products considerably more often than in the past.
Exhibitions and events rank among the most important economic catalysts and stimulants. Given that India has one of the economies that is expanding the fastest, it is expected that government initiatives to support companies across a wide range of industries will raise the need for conferences and exhibits in the country. The huge consumer sector in India offers firms unmatched investment and growth prospects. One of the most powerful forces behind the business and economic expansion is exhibitions. Countries, including India, have used exhibitions as commercial venues to encourage investment and economic progress in their regions. As a result of the need to protect their financial investments, many organizations will turn to specialty insurance.
The China market dominated the Asia Pacific Specialty Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15,688.8 million by 2028. The Japan market is estimated to grow a CAGR of 10.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 11.7% during (2022 - 2028).
Based on End User, the market is segmented into Business, and Individuals. Based on Distribution Channel, the market is segmented into Brokers, and Non-brokers. Based on Type, the market is segmented into Marine, Aviation & Transport (MAT) Insurance, Political Risk & Credit Insurance, Entertainment Insurance, Art Insurance, Livestock & Aquaculture Insurance, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Specialty Insurance Market is Projected to reach USD 199.7 Billion by 2028, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tokio Marine Holdings, Inc., Allianz Trade (Allianz Group), AXA SA, Chubb Limited, Zurich Insurance Group Ltd., Berkshire Hathaway, Inc., Assicurazioni Generali SpA, Munich Re Group, American International Group, Inc. (AIG), and PICC Property and Casualty Company Limited.
Scope of the Study
Market Segments Covered in the Report:
By End User
By Distribution Channel
By Type
- Marine, Aviation & Transport (MAT) Insurance
- Political Risk & Credit Insurance
- Entertainment Insurance
- Art Insurance
- Livestock & Aquaculture Insurance
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Tokio Marine Holdings, Inc.
- Allianz Trade (Allianz Group)
- AXA SA
- Chubb Limited
- Zurich Insurance Group Ltd.
- Berkshire Hathaway, Inc.
- Assicurazioni Generali SpA
- Munich Re Group
- American International Group, Inc. (AIG)
- PICC Property and Casualty Company Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Specialty Insurance Market, by End User
1.4.2 Asia Pacific Specialty Insurance Market, by Distribution Channel
1.4.3 Asia Pacific Specialty Insurance Market, by Type
1.4.4 Asia Pacific Specialty Insurance Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Asia Pacific Specialty Insurance Market by End User
4.1 Asia Pacific Business Market by Country
4.2 Asia Pacific Individuals Market by Country
Chapter 5. Asia Pacific Specialty Insurance Market by Distribution Channel
5.1 Asia Pacific Brokers Market by Country
5.2 Asia Pacific Non-brokers Market by Country
Chapter 6. Asia Pacific Specialty Insurance Market by Type
6.1 Asia Pacific Marine, Aviation & Transport (MAT) Insurance Market by Country
6.2 Asia Pacific Political Risk & Credit Insurance Market by Country
6.3 Asia Pacific Entertainment Insurance Market by Country
6.4 Asia Pacific Art Insurance Market by Country
6.5 Asia Pacific Livestock & Aquaculture Insurance Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Specialty Insurance Market by Country
7.1 China Specialty Insurance Market
7.1.1 China Specialty Insurance Market by End User
7.1.2 China Specialty Insurance Market by Distribution Channel
7.1.3 China Specialty Insurance Market by Type
7.2 Japan Specialty Insurance Market
7.2.1 Japan Specialty Insurance Market by End User
7.2.2 Japan Specialty Insurance Market by Distribution Channel
7.2.3 Japan Specialty Insurance Market by Type
7.3 India Specialty Insurance Market
7.3.1 India Specialty Insurance Market by End User
7.3.2 India Specialty Insurance Market by Distribution Channel
7.3.3 India Specialty Insurance Market by Type
7.4 South Korea Specialty Insurance Market
7.4.1 South Korea Specialty Insurance Market by End User
7.4.2 South Korea Specialty Insurance Market by Distribution Channel
7.4.3 South Korea Specialty Insurance Market by Type
7.5 Singapore Specialty Insurance Market
7.5.1 Singapore Specialty Insurance Market by End User
7.5.2 Singapore Specialty Insurance Market by Distribution Channel
7.5.3 Singapore Specialty Insurance Market by Type
7.6 Malaysia Specialty Insurance Market
7.6.1 Malaysia Specialty Insurance Market by End User
7.6.2 Malaysia Specialty Insurance Market by Distribution Channel
7.6.3 Malaysia Specialty Insurance Market by Type
7.7 Rest of Asia Pacific Specialty Insurance Market
7.7.1 Rest of Asia Pacific Specialty Insurance Market by End User
7.7.2 Rest of Asia Pacific Specialty Insurance Market by Distribution Channel
7.7.3 Rest of Asia Pacific Specialty Insurance Market by Type
Chapter 8. Company Profiles
8.1 Tokio Marine Holdings, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.4.3 Acquisition and Mergers:
8.2 Allianz Trade (Allianz Group)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.3 AXA SA
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.4 Chubb Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Acquisition and Mergers:
8.5 Zurich Insurance Group Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Partnerships, Collaborations, and Agreements:
8.5.3.2 Product Launches and Product Expansions:
8.5.3.3 Acquisition and Mergers:
8.6 Berkshire Hathaway, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Product Launches and Product Expansions:
8.6.4.3 Geographical Expansions:
8.7 Assicurazioni Generali SpA
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Recent strategies and developments:
8.7.3.1 Partnerships, Collaborations, and Agreements:
8.7.3.2 Acquisition and Mergers:
8.8 Munich Re Group
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Acquisition and Mergers:
8.9 American International Group, Inc. (AIG)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Acquisition and Mergers:
8.10. PICC Property and Casualty Company Limited
8.10.1 Company Overview
TABLE 1 Asia Pacific Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Specialty Insurance Market
TABLE 4 Product Launches And Product Expansions– Specialty Insurance Market
TABLE 5 Acquisition and Mergers– Specialty Insurance Market
TABLE 6 Geograpphical Expansions– Specialty Insurance Market
TABLE 7 Asia Pacific Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Business Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Business Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Individuals Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Individuals Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Brokers Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Brokers Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Non-brokers Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Non-brokers Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Marine, Aviation & Transport (MAT) Insurance Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Marine, Aviation & Transport (MAT) Insurance Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Political Risk & Credit Insurance Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Political Risk & Credit Insurance Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Entertainment Insurance Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Entertainment Insurance Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Art Insurance Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Art Insurance Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Livestock & Aquaculture Insurance Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Livestock & Aquaculture Insurance Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Specialty Insurance Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Specialty Insurance Market by Country, 2022 - 2028, USD Million
TABLE 35 China Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 36 China Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 37 China Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 38 China Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 39 China Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 China Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 China Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 42 China Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 43 Japan Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 44 Japan Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 45 Japan Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 46 Japan Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 47 Japan Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Japan Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Japan Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 50 Japan Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 51 India Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 52 India Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 53 India Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 54 India Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 55 India Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 India Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 India Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 58 India Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 59 South Korea Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 60 South Korea Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 61 South Korea Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 62 South Korea Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 63 South Korea Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 South Korea Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 South Korea Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 66 South Korea Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 67 Singapore Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 68 Singapore Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 69 Singapore Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 70 Singapore Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 71 Singapore Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 Singapore Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 Singapore Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 74 Singapore Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 75 Malaysia Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 76 Malaysia Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 77 Malaysia Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 78 Malaysia Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 79 Malaysia Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Malaysia Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Malaysia Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 82 Malaysia Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 87 Rest of Asia Pacific Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Rest of Asia Pacific Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Rest of Asia Pacific Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of Asia Pacific Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 91 Key Information – Tokio Marine Holdings, Inc.
TABLE 92 Key Information – Allianz Trade
TABLE 93 key information – AXA SA
TABLE 94 Key Information – Chubb Limited
TABLE 95 Key Information – Zurich Insurance Group Ltd.
TABLE 96 key information – Berkshire Hathaway, Inc.
TABLE 97 Key information – Assicurazioni Generali SpA
TABLE 98 Key Information – Munich Re Group
TABLE 99 Key Information – American International Group, Inc. (AIG)
TABLE 100 Key Information – PICC Property and Casualty Company Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Tokio Marine Holdings, Inc.
FIG 5 SWOT Analysis: Allianz Group
FIG 6 Recent strategies and developments: AXA SA
FIG 7 Recent strategies and developments: Zurich Insurance Group Ltd.
FIG 8 Recent strategies and developments: Berkshire Hathaway, Inc.
FIG 9 Recent strategies and developments: Assicurazioni Generali SpA