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All businesses are exposed to various risks which are either man-made or natural. Insurance is a prudent way to limit liabilities in the event of an unpleasant occurrence to assets, property and business.The usual customers of SME insurance are small and medium-sized enterprise, the insurance mainly include property insurance, public liability insurance, business interruption insurance, workers compensation insurance, goods in transit insurance and others.
Scope of the Report:
The leading players mainly are AIA, AIG, AXA, Tokio Marine and Sompo. AIA is the largest player; its Premium of Asia market exceeds 6.69% in 2018.
There are mainly six type product of SME Insurance market: Property Insurance, Public Liability Insurance, Business Interruption Insurance, Workers Compensation Insurance, Goods in Transit Insurance and Others.
Geographically, the Asia SME Insurance market has been segmented into China, Japan, South Korea, India, Malaysia. The China, held the largest share in the Asia market, its Premium of Asia market exceeds 30% in 2018. The next is Japan.
The global SME Insurance market is valued at 5700 million USD in 2018 and is expected to reach 9430 million USD by the end of 2024, growing at a CAGR of 10.6% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of SME Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the SME Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the SME Insurance market by product type and applications/end industries.
Market Segment by Companies, this report covers
- AIA
- AIG
- AXA
- Tokio Marine
- Sompo
- Allianz
- CPIC
- Samsung Life Insurance
- PingAn
- Chubb
- Great Eastern
- China Life
- PICC
- Muang Thai
- Hong Leong
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Property Insurance
- Public Liability Insurance
- Business Interruption Insurance
- Workers Compensation Insurance
- Goods in Transit Insurance
Market Segment by Applications, can be divided into
- Bancassurance
- Digital & Direct Channels
- Brokers
- Agency