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The United States commercial insurance market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Commercial insurance protects the company financially from common risks, such as client litigation, employee injury, property theft and damage, and other unexpected events. It also covers fire, burglary, office package policy, marine, construction, plant and machinery, liability of directors and officers, general and public liability, and cyber security. It offers more coverage due to the involvement of various physical properties compared to personal insurance. As a result, commercial insurance finds extensive applications in the manufacturing, construction, healthcare, energy and utilities, and transportation industries. At present, there is a rise in the demand for commercial insurance in the United States due to the increasing number of small, medium-sized, and large businesses.
The growing reliance on commercial insurance among various enterprises to protect the business from scams represents one of the key factors driving the market. Moreover, there is an increase in the number of commercial insurance providers for all businesses in the US. This, along with the rising usage of commercial insurance based on the premium charged for the policies that remain constant throughout the country, is propelling the growth of the market. In addition, there is a rise in the employment of predictive analytics by several commercial insurers to help understand and predict business risks and mitigate losses. This, coupled with the increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML) in commercial insurance, is offering lucrative growth opportunities to industry investors. Additionally, the US Government is extensively investing in promoting the utilization of commercial insurance. This initiative is projected to positively influence the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the US commercial insurance market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, enterprise size, distribution channel and industry vertical.
Breakup by Type:
Breakup by Enterprise Size:
Breakup by Distribution Channel:
Breakup by Industry Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Enterprise Size, Distribution Channel, Industry Vertical, Region|
|Region Covered||Northeast, Midwest, South, West|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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