Commercial Earthquake Insurance Market to See Huge Growth : ICW, Zurich, Hanson
NJ New Jersey, USA -- (SBWire) -- 11/22/2023 --Advance Market Analytics published a new research publication on "Commercial Earthquake Insurance Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Commercial Earthquake Insurance market was mainly driven by the increasing R&D spending across the world.
Some of the major key players profiled in the study are :
RLI Corp (United States), ICW Group (United States), Zurich Insurance Group Ltd. (Switzerland), Fuller Insurance Agency (United States), Catalytic Risk Managers & Insurance Agency, LLC (United States), Aegis General Insurance Agency (United States), Hanson Insurance Group (United States), NHC Insurance (United States), The J. Morey Company (United States), Mitchell & Mitchell Insurance Agency, Inc. (United States).
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Scope of the Report of Commercial Earthquake Insurance:
Commercial earthquake insurance is a type of insurance coverage designed to protect businesses and commercial property owners from financial losses resulting from damage or destruction caused by earthquakes. Standard property insurance policies typically exclude coverage for earthquake-related damage, so businesses located in earthquake-prone areas may choose to purchase a separate earthquake insurance policy to mitigate the financial risks associated with seismic events.
Market Trends:
The popularity of Direct Damage Coverage of Commercial Earthquake Insurance
Opportunities:
Growing Promotional Programs for Insurance Policies will Boost the Commercial Earthquake Insurance Market
Challenges:
Increasing Number of Fraudulent Commercial Earthquake Insurance Players in the Market
Market Drivers:
Need for Protection Against the Earthquake Damage and Loss
Growing Number of Earthquake Incidents Around the World
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The titled segments and sub-section of the market are illuminated below:
by Application (Office Buildings, Hospital, Hotel, Others), Distribution Channel (Offline Service, Online Service), End Use Industry (Manufacturing, Construction, Mining, Agriculture, Automotive, Hospitality, Energy, Others), Coverage (Direct Damage, Commercial Property, Loss of Business income, Inland Marine Exposure, Others)
On 12th April 2021 - Zurich Insurance Group (Zurich) subsidiary Farmers Group, Inc. (FGI) and Farmers Exchanges1 have completed the acquisition of MetLife's property and casualty (P&C) business in the U.S.
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Strategic Points Covered in Table of Content of Global Commercial Earthquake Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Commercial Earthquake Insurance market
Chapter 2: Exclusive Summary – the basic information of the Commercial Earthquake Insurance Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Commercial Earthquake Insurance
Chapter 4: Presenting the Commercial Earthquake Insurance Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Commercial Earthquake Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, Commercial Earthquake Insurance Market is a valuable source of guidance for individuals and companies.
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