The global logistics Insurance Market is
anticipated to reach USD 61.55 billion by 2025, according to a new report by
Grand View Research, Inc. The increasing foreign direct investment,
establishment of free trade zones, and increasing globalization has resulted in
the rapid growth of the transportation industry in the emerging countries. The
logistics hubs and trade routes are gradually shifting toward the emerging
market. Privatization of the transportation industry has further spurred the
industry growth in China, Turkey, and India.
The
adoption of digital technologies enables the company to tap new opportunities
for additional premiums, better risk selection, increasing governance, and
improved customer experience. Insurers across the globe are implementing newer
technologies and adopting cloud- and mobile-based technologies to tap the
growing demand in the emerging markets. Through various distribution channels,
the insurance companies are modernizing the legacy applications.
The
insurance companies are implementing mobility as a part of the business
strategy, owing to the increasing usage of smartphones in both developed and
emerging markets. Customers can easily request a policy quote, calculate
premium, locate insurance agent, and store the policy data with the advent of
the mobile apps.
The
insurance industry comprises of structured and unstructured data. Big data
analytics plays a vital role in the insurance industry that delivers
significant Return on Investment (ROI) and cost savings. The rise in digital
integration and digital customer relationship management is likely to spur the
market demand over the forecast period.
Full Research
Report On Logistics Insurance Market Analysis:
www.grandviewresearch.com/industry-analysis/logistics-insurance-market
www.grandviewresearch.com/industry-analysis/logistics-insurance-market
Further key findings from the report
suggest:
·
The increasing adoption of
cloud- and mobile-based technologies to improve the customer experience
·
The transportation industry is
anticipated to witness a significant growth with a CAGR of over 3.5% over the
projected period
·
The maritime industry is
anticipated to dominate the market in terms of revenue
·
The Asia Pacific region is
anticipated to dominate the market in terms of growth rate over the forecast
period
·
The rising financial asset and
real estate values in the region are enabling the companies to have a higher
premium volume
·
The market posesa rising
competition that enable insurers to invest more in technological advancement to
enhance the customer experience
·
The key players in the
logistics insurance market include Integrity Transportation Insurance (U.S.),
Liberty Mutual Insurance (U.S.), Peoples Insurance Agency (U.S.)
Browse More Reports Of This
Category By Grand View Research At: www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has
segmented the logistics insurance market on the basis of industry and region:
Logistics
Insurance Industry Outlook (Revenue, USD Billion, 2014 - 2025)
·
Transportation
·
Marine
·
Aviation
·
Others
Logistics
Insurance Regional Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
Singapore
·
Latin America
o
Mexico
o
Brazil
·
Middle East and Africa
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-logistics-insurance-market
www.grandviewresearch.com/press-release/global-logistics-insurance-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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