The Latin America, Middle East and Africa Specialty Insurance Market would witness market growth of 12.7% CAGR during the forecast period (2022-2028).
Several insurers gather a range of data using predictive analytics to better understand and forecast client behavior. Predictive analytics is a tool that insurance companies can use for pricing, risk selection, identifying consumers at risk of cancellation, detecting fraud risk, triaging claims, finding outlier claims, and anticipating patterns. Many insurers have found that implementing predictive modeling strategies increases profits and accuracy.
Using the most recent insurance technologies, insurtech, or more particularly, insurtech companies, lower costs for insurers and customers while increasing operational effectiveness and customer satisfaction. Insurtech advances capabilities that have been available in digital insurance offerings for years. The reason why insurtech investment has increased recently is that it is transforming how real-time as well as predictive data can be collected and used. This can be used to encourage the creation of insurance merchandise that is sensitive to emerging risk, enable customized coverage, as well as pricing solutions to address macro-risks like cyber risk or climate change and promote future resilience.
In exhibits and events, the United Arab Emirates (UAE) is a formidable force. With the Dubai World Trade Center displays contributing billions of dollars to Dubai's GDP, this dynamic and resilient country is booming. Because of the openness of its business, the UAE is now a well-known location for all expo-related events. Due to the growth of the sector, event planners and exhibitors are thinking about using geo-cloning to connect with local and international audiences. In addition, exhibitors copy well-liked exhibitions and events outside their home markets to boost sales and brand recognition. Thus, the demand for specialty insurance is anticipated to increase as the exhibition and event industries become more well-known.
The Brazil market dominated the LAMEA Specialty Insurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,929.7 million by 2028. The Argentina market is experiencing a CAGR of 13.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Specialty Insurance Market, by End User
1.4.2 LAMEA Specialty Insurance Market, by Distribution Channel
1.4.3 LAMEA Specialty Insurance Market, by Type
1.4.4 LAMEA 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. LAMEA Specialty Insurance Market by End User
4.1 LAMEA Business Market by Country
4.2 LAMEA Individuals Market by Country
Chapter 5. LAMEA Specialty Insurance Market by Distribution Channel
5.1 LAMEA Brokers Market by Country
5.2 LAMEA Non-brokers Market by Country
Chapter 6. LAMEA Specialty Insurance Market by Type
6.1 LAMEA Marine, Aviation & Transport (MAT) Insurance Market by Country
6.2 LAMEA Political Risk & Credit Insurance Market by Country
6.3 LAMEA Entertainment Insurance Market by Country
6.4 LAMEA Art Insurance Market by Country
6.5 LAMEA Livestock & Aquaculture Insurance Market by Country
6.6 LAMEA Others Market by Country
Chapter 7. LAMEA Specialty Insurance Market by Country
7.1 Brazil Specialty Insurance Market
7.1.1 Brazil Specialty Insurance Market by End User
7.1.2 Brazil Specialty Insurance Market by Distribution Channel
7.1.3 Brazil Specialty Insurance Market by Type
7.2 Argentina Specialty Insurance Market
7.2.1 Argentina Specialty Insurance Market by End User
7.2.2 Argentina Specialty Insurance Market by Distribution Channel
7.2.3 Argentina Specialty Insurance Market by Type
7.3 UAE Specialty Insurance Market
7.3.1 UAE Specialty Insurance Market by End User
7.3.2 UAE Specialty Insurance Market by Distribution Channel
7.3.3 UAE Specialty Insurance Market by Type
7.4 Saudi Arabia Specialty Insurance Market
7.4.1 Saudi Arabia Specialty Insurance Market by End User
7.4.2 Saudi Arabia Specialty Insurance Market by Distribution Channel
7.4.3 Saudi Arabia Specialty Insurance Market by Type
7.5 South Africa Specialty Insurance Market
7.5.1 South Africa Specialty Insurance Market by End User
7.5.2 South Africa Specialty Insurance Market by Distribution Channel
7.5.3 South Africa Specialty Insurance Market by Type
7.6 Nigeria Specialty Insurance Market
7.6.1 Nigeria Specialty Insurance Market by End User
7.6.2 Nigeria Specialty Insurance Market by Distribution Channel
7.6.3 Nigeria Specialty Insurance Market by Type
7.7 Rest of LAMEA Specialty Insurance Market
7.7.1 Rest of LAMEA Specialty Insurance Market by End User
7.7.2 Rest of LAMEA Specialty Insurance Market by Distribution Channel
7.7.3 Rest of LAMEA 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 LAMEA Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 8 LAMEA Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 9 LAMEA Business Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Business Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Individuals Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Individuals Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 14 LAMEA Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 15 LAMEA Brokers Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Brokers Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Non-brokers Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Non-brokers Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Marine, Aviation & Transport (MAT) Insurance Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Marine, Aviation & Transport (MAT) Insurance Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Political Risk & Credit Insurance Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Political Risk & Credit Insurance Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Entertainment Insurance Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Entertainment Insurance Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Art Insurance Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Art Insurance Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Livestock & Aquaculture Insurance Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Livestock & Aquaculture Insurance Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Specialty Insurance Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Specialty Insurance Market by Country, 2022 - 2028, USD Million
TABLE 35 Brazil Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 36 Brazil Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 37 Brazil Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 38 Brazil Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 39 Brazil Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Brazil Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Brazil Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 42 Brazil Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 43 Argentina Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 44 Argentina Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 45 Argentina Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 46 Argentina Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 47 Argentina Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 Argentina Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 Argentina Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 50 Argentina Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 51 UAE Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 52 UAE Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 53 UAE Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 54 UAE Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 55 UAE Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 UAE Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 UAE Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 58 UAE Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 67 South Africa Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 68 South Africa Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 69 South Africa Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 70 South Africa Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 71 South Africa Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 South Africa Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 South Africa Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 74 South Africa Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 75 Nigeria Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 76 Nigeria Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 77 Nigeria Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 78 Nigeria Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 79 Nigeria Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Nigeria Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Nigeria Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 82 Nigeria Specialty Insurance Market by Type, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Specialty Insurance Market, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Specialty Insurance Market, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Specialty Insurance Market by End User, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA Specialty Insurance Market by End User, 2022 - 2028, USD Million
TABLE 87 Rest of LAMEA Specialty Insurance Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Rest of LAMEA Specialty Insurance Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Specialty Insurance Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA 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