The Global Logistics Insurance market size was valued at USD 67.11 Billion in 2021 and is projected to reach USD 78.69 Billion by 2028, growing at a CAGR of 2.3% from 2022 to 2028.

Logistics Insurance is a type of insurance designed specifically to cover goods being transported by any type of vehicle, including planes, ships, trucks, and trains. It offers protection for cargo against a wide range of physical losses or damages to freight caused by outside factors while it is in transit. The goods are shipped around the world via land, sea, train, or air. There is a very high chance that the transported goods will get lost or ruined on the way. In these circumstances, cargo insurance might be beneficial by covering the loss. Cargo insurance is essential to the supply chain industry since no shipment is ever completely secure during transit and because it is the only way to get compensated if something goes wrong.

The insurance industry offers logistics companies a variety of coverage alternatives to manage their unique risks. Based on variables like the route of transportation or the nature of the items being shipped, these risks differ from business to business. Due to regional and international regulations requiring logistics firms to insure items prior to transit activities and decrease liability of goods, which helps the market to grow exponentially, logistics insurance is extremely robust.

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The Major Players in The Global Logistics Insurance Market:

• Aon PLC
• Atrium Corporation
• Beazley Group
• Gard AS
• Liberty Mutual Insurance
• Mitsui Sumitomo Insurance Company Limited
• Peoples Insurance Agency
• Samsung Fire & Marine Insurance Co. Ltd.
• Sompo Japan Nipponkoa Insurance Inc.
• Swiss Re Ltd
• Tokio Marine Holdings Inc and other key players

Market has segmented the Global Logistics Insurance Market on the basis of type, application, and region:

By Type:

• Land Cargo Insurance
• Marine Cargo Insurance
• Air Transport Insurance

By Coverage Type:

• Cargo Insurance
• Freight Forwarder Liability Insurance
• Marine services liability
• Energy logistics
• Other

By End User:

• Individual,
• Enterprises

By Regional Outlook (Revenue, USD Billion, 2022 – 2028)

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

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Covid-19 Impact and Recovery Analysis on Industry:

China was the first country to see the effects of COVID-19 because of its importance to a global industry (200 Fortune Global 500 Firms have a presence there). China is a significant consumer of agricultural and commodity goods from around the world. China's manufacturing disruptions have an impact on supply networks around the world. At China's main container ports, there was a backlog of cargo, travel restrictions made it difficult to find truck drivers to pick up containers, and ocean carriers postponed (or blanked) sailings. Manufacturing operations abroad were harmed by the consequent lack of components coming from China. The automobile, electronics, pharmaceutical, medical device, and consumer goods industries are all significant global industries. Due to the exact relation between trade and logistics insurance, declined activities of trade during the pandemic harmed the Logistics Insurance Market.

Reasons to purchase the report:

• Visualize the composition of the Global Logistics Insurance Market products in terms of Product and application highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Global Logistics Insurance Market by analyzing trends and co-development deals.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Coverage Type
 3.3 By End User


To be continued…….

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