The Europe Specialty Insurance Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
The banking and financial industry is incomplete without the provision of services provided by insurance businesses. This service is well-known for assisting customers financially when they are going through challenging times. In comparison to other types of general insurance, specialty insurance comes with many additional advantages. The high demand encourages the growth of the specialty insurance market among highly skilled professionals in order to boost their income and reduce their tax liability.
In addition, uncomplicated statements and the ability to adapt to secure permission are driving the expansion of the market. In addition, it protects in the event of particular policy issues known as Errors and Omissions (E&O), which assists the organization in recovering financially. Major companies today offer insurance for a variety of industries and risks, including the arts and entertainment industry, marine life and livestock, political and credit risk, as well as maritime, aviation, and transport (MAT).
The primary driving factors for the European event management business are the swift expansion of the tourism as well as hospitality industries, the proliferation of IT hubs, and the meteoric rise in the number of business activities like brand promotions, conferences and seminars, and employee training activities. The industry is expanding due to a rise in business travel, a shift in the lifestyles of business travelers, a growth in the number of people living in urban areas, and an increase in the amount of money in their pockets. This is anticipated to boost the market for specialty insurance in the region.
The Germany market dominated the Europe Specialty Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,548.2 million by 2028. The UK market is anticipated to grow at a CAGR of 8.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Specialty Insurance Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Specialty Insurance Market, by End User
1.4.2 Europe Specialty Insurance Market, by Distribution Channel
1.4.3 Europe Specialty Insurance Market, by Type
1.4.4 Europe 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. Europe Specialty Insurance Market by End User
4.1 Europe Business Market by Country
4.2 Europe Individuals Market by Country
Chapter 5. Europe Specialty Insurance Market by Distribution Channel
5.1 Europe Brokers Market by Country
5.2 Europe Non-brokers Market by Country
Chapter 6. Europe Specialty Insurance Market by Type
6.1 Europe Marine, Aviation & Transport (MAT) Insurance Market by Country
6.2 Europe Political Risk & Credit Insurance Market by Country
6.3 Europe Entertainment Insurance Market by Country
6.4 Europe Art Insurance Market by Country
6.5 Europe Livestock & Aquaculture Insurance Market by Country
6.6 Europe Others Market by Country
Chapter 7. Europe Specialty Insurance Market by Country
7.1 Germany Specialty Insurance Market
7.1.1 Germany Specialty Insurance Market by End User
7.1.2 Germany Specialty Insurance Market by Distribution Channel
7.1.3 Germany Specialty Insurance Market by Type
7.2 UK Specialty Insurance Market
7.2.1 UK Specialty Insurance Market by End User
7.2.2 UK Specialty Insurance Market by Distribution Channel
7.2.3 UK Specialty Insurance Market by Type
7.3 France Specialty Insurance Market
7.3.1 France Specialty Insurance Market by End User
7.3.2 France Specialty Insurance Market by Distribution Channel
7.3.3 France Specialty Insurance Market by Type
7.4 Russia Specialty Insurance Market
7.4.1 Russia Specialty Insurance Market by End User
7.4.2 Russia Specialty Insurance Market by Distribution Channel
7.4.3 Russia Specialty Insurance Market by Type
7.5 Spain Specialty Insurance Market
7.5.1 Spain Specialty Insurance Market by End User
7.5.2 Spain Specialty Insurance Market by Distribution Channel
7.5.3 Spain Specialty Insurance Market by Type
7.6 Italy Specialty Insurance Market
7.6.1 Italy Specialty Insurance Market by End User
7.6.2 Italy Specialty Insurance Market by Distribution Channel
7.6.3 Italy Specialty Insurance Market by Type
7.7 Rest of Europe Specialty Insurance Market
7.7.1 Rest of Europe Specialty Insurance Market by End User
7.7.2 Rest of Europe Specialty Insurance Market by Distribution Channel
7.7.3 Rest of Europe 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 Europe Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 8 Europe Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 9 Europe Business Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Business Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Individuals Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Individuals Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 14 Europe Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 15 Europe Brokers Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Brokers Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Non-brokers Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Non-brokers Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 20 Europe Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 21 Europe Marine, Aviation & Transport (MAT) Insurance Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Marine, Aviation & Transport (MAT) Insurance Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Political Risk & Credit Insurance Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Political Risk & Credit Insurance Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Entertainment Insurance Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Entertainment Insurance Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Art Insurance Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Art Insurance Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Livestock & Aquaculture Insurance Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Livestock & Aquaculture Insurance Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Specialty Insurance Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Specialty Insurance Market by Country, 2022 - 2028, USD Million
TABLE 35 Germany Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 36 Germany Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 37 Germany Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 38 Germany Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 39 Germany Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Germany Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Germany Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 42 Germany Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 43 UK Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 44 UK Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 45 UK Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 46 UK Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 47 UK Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 UK Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 UK Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 50 UK Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 51 France Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 52 France Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 53 France Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 54 France Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 55 France Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 France Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 France Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 58 France Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 59 Russia Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 60 Russia Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 61 Russia Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 62 Russia Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 63 Russia Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Russia Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Russia Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 66 Russia Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 67 Spain Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 68 Spain Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 69 Spain Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 70 Spain Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 71 Spain Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 Spain Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 Spain Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 74 Spain Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 75 Italy Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 76 Italy Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 77 Italy Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 78 Italy Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 79 Italy Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Italy Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Italy Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 82 Italy Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 83 Rest of Europe Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 84 Rest of Europe Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 85 Rest of Europe Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 86 Rest of Europe Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 87 Rest of Europe Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Rest of Europe Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Rest of Europe Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of Europe 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