U.S. Commercial Insurance Market Size, Share & Trends 2022-27

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

United States Commercial Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

United States Commercial Insurance Market Trends:

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.

Key Market Segmentation:

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:

Liability Insurance
Commercial Motor Insurance
Commercial Property Insurance
Marine Insurance
Others

Breakup by Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Distribution Channel:

Agents and Brokers
Direct Response
Others

Breakup by Industry Vertical:

Transportation and Logistics
Manufacturing
Construction
IT and Telecom
Healthcare
Energy and Utilities
Others

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
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)

Key Questions Answered in This Report:

How has the United States commercial insurance market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States commercial insurance market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the enterprise size?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States commercial insurance market and who are the key players?
What is the degree of competition in the industry?

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Commercial Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Specialty Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Fire Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Dental Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

10% Free customization

Purchase Options

Single User License $ 2699
Five User License $ 3699
Corporate License $ 4699

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )

Drop us an email at

sales@imarcgroup.com

Change Language
Select Language

United States Commercial Insurance Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

United States Commercial Insurance Market Trends:

Key Market Segmentation:

Competitive Landscape:

Report Coverage:

Key Questions Answered in This Report:

Need more help?

Related Report

Social Links

Change Language Select Language

Insurance