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Commercial Insurance Market Share

Report ID: GMI6306
Published Date: Jul 2023
Report Format: PDF

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Commercial Insurance Market Share

Major players operating in the commercial insurance industry are:

Zurich
AXA
Chubb Limited
Aon Plc
Marsh LLC
Willis Towers Watson
Direct Line Insurance Group PLC
Allianz
American International Group Inc.
Aviva

These players are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovations in the market and garner the maximum industry revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for commercial insurance was USD 874.1 billion in 2023 and is expected to register over 7.5% CAGR from 2024-2032 due to the significant increase in risk awareness and rising recognition of potential threats like cyberattacks and natural disasters worldwide.

The commercial property insurance segment held 34% share of the commercial insurance industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to the rising awareness of property-related risks, such as natural disasters and property damage.

Asia Pacific held over 23% share of the commercial insurance industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to rapid economic development, expanding urbanization, and increasing awareness of risk management in the region.

Zurich, AXA, Chubb Limited, Aon Plc, Marsh LLC, Willis Towers Watson, Direct Line Insurance Group PLC, Allianz, American International Group Inc., and Aviva, are some of the major commercial insurance companies worldwide.