SME Insurance Market - Global Outlook and Forecast 2022-2028

January 2022 | 106 pages | ID: SD3282B0C3B8EN
Market Monitor Global

Abstracts

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.

This report contains market size and forecasts of SME Insurance in Global, including the following market information:

Global SME Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global SME Insurance market was valued at 18530 million in 2021 and is projected to reach US$ 24420 million by 2028, at a CAGR of 4.0% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Insurance for Non-employing Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of SME Insurance include Allianz, AXA, PICC, China Life, Zurich, Chubb, Aviva, AIG and Liberty Mutual, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the SME Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global SME Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global SME Insurance Market Segment Percentages, by Type, 2021 (%)

• Insurance for Non-employing
• Insurance for 1-9 Employees
• Insurance for above 10 Employees

Global SME Insurance Market, by Distrubution Channel, 2017-2022, 2023-2028 ($ millions)

Global SME Insurance Market Segment Percentages, by Distrubution Channel, 2021 (%)

• Agency
• Digital and Direct Channels
• Brokers
• Bancassurance

Global SME Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global SME Insurance Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies SME Insurance revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies SME Insurance revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Allianz
• AXA
• PICC
• China Life
• Zurich
• Chubb
• Aviva
• AIG
• Liberty Mutual
• CPIC
• Nationwide
• Mapfre
• Sompo Japan Nipponkoa
• Tokio Marine
• Hanover Insurance
• Hiscox

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 SME Insurance Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Distrubution Channel
1.3 Global SME Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL SME INSURANCE OVERALL MARKET SIZE

2.1 Global SME Insurance Market Size: 2021 VS 2028
2.2 Global SME Insurance Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top SME Insurance Players in Global Market
3.2 Top Global SME Insurance Companies Ranked by Revenue
3.3 Global SME Insurance Revenue by Companies
3.4 Top 3 and Top 5 SME Insurance Companies in Global Market, by Revenue in 2021
3.5 Global Companies SME Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 SME Insurance Players in Global Market
  3.6.1 List of Global Tier 1 SME Insurance Companies
  3.6.2 List of Global Tier 2 and Tier 3 SME Insurance Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global SME Insurance Market Size Markets, 2021 & 2028
  4.1.2 Insurance for Non-employing
  4.1.3 Insurance for 1-9 Employees
  4.1.4 Insurance for above 10 Employees
4.2 By Type - Global SME Insurance Revenue & Forecasts
  4.2.1 By Type - Global SME Insurance Revenue, 2017-2022
  4.2.2 By Type - Global SME Insurance Revenue, 2023-2028
  4.2.3 By Type - Global SME Insurance Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global SME Insurance Market Size, 2021 & 2028
  5.1.2 Agency
  5.1.3 Digital and Direct Channels
  5.1.4 Brokers
  5.1.5 Bancassurance
5.2 By Distrubution Channel - Global SME Insurance Revenue & Forecasts
  5.2.1 By Distrubution Channel - Global SME Insurance Revenue, 2017-2022
  5.2.2 By Distrubution Channel - Global SME Insurance Revenue, 2023-2028
  5.2.3 By Distrubution Channel - Global SME Insurance Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global SME Insurance Market Size, 2021 & 2028
6.2 By Region - Global SME Insurance Revenue & Forecasts
  6.2.1 By Region - Global SME Insurance Revenue, 2017-2022
  6.2.2 By Region - Global SME Insurance Revenue, 2023-2028
  6.2.3 By Region - Global SME Insurance Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America SME Insurance Revenue, 2017-2028
  6.3.2 US SME Insurance Market Size, 2017-2028
  6.3.3 Canada SME Insurance Market Size, 2017-2028
  6.3.4 Mexico SME Insurance Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe SME Insurance Revenue, 2017-2028
  6.4.2 Germany SME Insurance Market Size, 2017-2028
  6.4.3 France SME Insurance Market Size, 2017-2028
  6.4.4 U.K. SME Insurance Market Size, 2017-2028
  6.4.5 Italy SME Insurance Market Size, 2017-2028
  6.4.6 Russia SME Insurance Market Size, 2017-2028
  6.4.7 Nordic Countries SME Insurance Market Size, 2017-2028
  6.4.8 Benelux SME Insurance Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia SME Insurance Revenue, 2017-2028
  6.5.2 China SME Insurance Market Size, 2017-2028
  6.5.3 Japan SME Insurance Market Size, 2017-2028
  6.5.4 South Korea SME Insurance Market Size, 2017-2028
  6.5.5 Southeast Asia SME Insurance Market Size, 2017-2028
  6.5.6 India SME Insurance Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America SME Insurance Revenue, 2017-2028
  6.6.2 Brazil SME Insurance Market Size, 2017-2028
  6.6.3 Argentina SME Insurance Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa SME Insurance Revenue, 2017-2028
  6.7.2 Turkey SME Insurance Market Size, 2017-2028
  6.7.3 Israel SME Insurance Market Size, 2017-2028
  6.7.4 Saudi Arabia SME Insurance Market Size, 2017-2028
  6.7.5 UAE SME Insurance Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 Allianz
  7.1.1 Allianz Corporate Summary
  7.1.2 Allianz Business Overview
  7.1.3 Allianz SME Insurance Major Product Offerings
  7.1.4 Allianz SME Insurance Revenue in Global Market (2017-2022)
  7.1.5 Allianz Key News
7.2 AXA
  7.2.1 AXA Corporate Summary
  7.2.2 AXA Business Overview
  7.2.3 AXA SME Insurance Major Product Offerings
  7.2.4 AXA SME Insurance Revenue in Global Market (2017-2022)
  7.2.5 AXA Key News
7.3 PICC
  7.3.1 PICC Corporate Summary
  7.3.2 PICC Business Overview
  7.3.3 PICC SME Insurance Major Product Offerings
  7.3.4 PICC SME Insurance Revenue in Global Market (2017-2022)
  7.3.5 PICC Key News
7.4 China Life
  7.4.1 China Life Corporate Summary
  7.4.2 China Life Business Overview
  7.4.3 China Life SME Insurance Major Product Offerings
  7.4.4 China Life SME Insurance Revenue in Global Market (2017-2022)
  7.4.5 China Life Key News
7.5 Zurich
  7.5.1 Zurich Corporate Summary
  7.5.2 Zurich Business Overview
  7.5.3 Zurich SME Insurance Major Product Offerings
  7.5.4 Zurich SME Insurance Revenue in Global Market (2017-2022)
  7.5.5 Zurich Key News
7.6 Chubb
  7.6.1 Chubb Corporate Summary
  7.6.2 Chubb Business Overview
  7.6.3 Chubb SME Insurance Major Product Offerings
  7.6.4 Chubb SME Insurance Revenue in Global Market (2017-2022)
  7.6.5 Chubb Key News
7.7 Aviva
  7.7.1 Aviva Corporate Summary
  7.7.2 Aviva Business Overview
  7.7.3 Aviva SME Insurance Major Product Offerings
  7.7.4 Aviva SME Insurance Revenue in Global Market (2017-2022)
  7.7.5 Aviva Key News
7.8 AIG
  7.8.1 AIG Corporate Summary
  7.8.2 AIG Business Overview
  7.8.3 AIG SME Insurance Major Product Offerings
  7.8.4 AIG SME Insurance Revenue in Global Market (2017-2022)
  7.8.5 AIG Key News
7.9 Liberty Mutual
  7.9.1 Liberty Mutual Corporate Summary
  7.9.2 Liberty Mutual Business Overview
  7.9.3 Liberty Mutual SME Insurance Major Product Offerings
  7.9.4 Liberty Mutual SME Insurance Revenue in Global Market (2017-2022)
  7.9.5 Liberty Mutual Key News
7.10 CPIC
  7.10.1 CPIC Corporate Summary
  7.10.2 CPIC Business Overview
  7.10.3 CPIC SME Insurance Major Product Offerings
  7.10.4 CPIC SME Insurance Revenue in Global Market (2017-2022)
  7.10.5 CPIC Key News
7.11 Nationwide
  7.11.1 Nationwide Corporate Summary
  7.11.2 Nationwide Business Overview
  7.11.3 Nationwide SME Insurance Major Product Offerings
  7.11.4 Nationwide SME Insurance Revenue in Global Market (2017-2022)
  7.11.5 Nationwide Key News
7.12 Mapfre
  7.12.1 Mapfre Corporate Summary
  7.12.2 Mapfre Business Overview
  7.12.3 Mapfre SME Insurance Major Product Offerings
  7.12.4 Mapfre SME Insurance Revenue in Global Market (2017-2022)
  7.12.5 Mapfre Key News
7.13 Sompo Japan Nipponkoa
  7.13.1 Sompo Japan Nipponkoa Corporate Summary
  7.13.2 Sompo Japan Nipponkoa Business Overview
  7.13.3 Sompo Japan Nipponkoa SME Insurance Major Product Offerings
  7.13.4 Sompo Japan Nipponkoa SME Insurance Revenue in Global Market (2017-2022)
  7.13.5 Sompo Japan Nipponkoa Key News
7.14 Tokio Marine
  7.14.1 Tokio Marine Corporate Summary
  7.14.2 Tokio Marine Business Overview
  7.14.3 Tokio Marine SME Insurance Major Product Offerings
  7.14.4 Tokio Marine SME Insurance Revenue in Global Market (2017-2022)
  7.14.5 Tokio Marine Key News
7.15 Hanover Insurance
  7.15.1 Hanover Insurance Corporate Summary
  7.15.2 Hanover Insurance Business Overview
  7.15.3 Hanover Insurance SME Insurance Major Product Offerings
  7.15.4 Hanover Insurance SME Insurance Revenue in Global Market (2017-2022)
  7.15.5 Hanover Insurance Key News
7.16 Hiscox
  7.16.1 Hiscox Corporate Summary
  7.16.2 Hiscox Business Overview
  7.16.3 Hiscox SME Insurance Major Product Offerings
  7.16.4 Hiscox SME Insurance Revenue in Global Market (2017-2022)
  7.16.5 Hiscox Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. SME Insurance Market Opportunities & Trends in Global Market
Table 2. SME Insurance Market Drivers in Global Market
Table 3. SME Insurance Market Restraints in Global Market
Table 4. Key Players of SME Insurance in Global Market
Table 5. Top SME Insurance Players in Global Market, Ranking by Revenue (2021)
Table 6. Global SME Insurance Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global SME Insurance Revenue Share by Companies, 2017-2022
Table 8. Global Companies SME Insurance Product Type
Table 9. List of Global Tier 1 SME Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 SME Insurance Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global SME Insurance Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - SME Insurance Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - SME Insurance Revenue in Global (US$, Mn), 2023-2028
Table 14. By Distrubution Channel – Global SME Insurance Revenue, (US$, Mn), 2021 & 2028
Table 15. By Distrubution Channel - SME Insurance Revenue in Global (US$, Mn), 2017-2022
Table 16. By Distrubution Channel - SME Insurance Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global SME Insurance Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global SME Insurance Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global SME Insurance Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America SME Insurance Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America SME Insurance Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe SME Insurance Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe SME Insurance Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia SME Insurance Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia SME Insurance Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America SME Insurance Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America SME Insurance Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa SME Insurance Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa SME Insurance Revenue, (US$, Mn), 2023-2028
Table 30. Allianz Corporate Summary
Table 31. Allianz SME Insurance Product Offerings
Table 32. Allianz SME Insurance Revenue (US$, Mn), (2017-2022)
Table 33. AXA Corporate Summary
Table 34. AXA SME Insurance Product Offerings
Table 35. AXA SME Insurance Revenue (US$, Mn), (2017-2022)
Table 36. PICC Corporate Summary
Table 37. PICC SME Insurance Product Offerings
Table 38. PICC SME Insurance Revenue (US$, Mn), (2017-2022)
Table 39. China Life Corporate Summary
Table 40. China Life SME Insurance Product Offerings
Table 41. China Life SME Insurance Revenue (US$, Mn), (2017-2022)
Table 42. Zurich Corporate Summary
Table 43. Zurich SME Insurance Product Offerings
Table 44. Zurich SME Insurance Revenue (US$, Mn), (2017-2022)
Table 45. Chubb Corporate Summary
Table 46. Chubb SME Insurance Product Offerings
Table 47. Chubb SME Insurance Revenue (US$, Mn), (2017-2022)
Table 48. Aviva Corporate Summary
Table 49. Aviva SME Insurance Product Offerings
Table 50. Aviva SME Insurance Revenue (US$, Mn), (2017-2022)
Table 51. AIG Corporate Summary
Table 52. AIG SME Insurance Product Offerings
Table 53. AIG SME Insurance Revenue (US$, Mn), (2017-2022)
Table 54. Liberty Mutual Corporate Summary
Table 55. Liberty Mutual SME Insurance Product Offerings
Table 56. Liberty Mutual SME Insurance Revenue (US$, Mn), (2017-2022)
Table 57. CPIC Corporate Summary
Table 58. CPIC SME Insurance Product Offerings
Table 59. CPIC SME Insurance Revenue (US$, Mn), (2017-2022)
Table 60. Nationwide Corporate Summary
Table 61. Nationwide SME Insurance Product Offerings
Table 62. Nationwide SME Insurance Revenue (US$, Mn), (2017-2022)
Table 63. Mapfre Corporate Summary
Table 64. Mapfre SME Insurance Product Offerings
Table 65. Mapfre SME Insurance Revenue (US$, Mn), (2017-2022)
Table 66. Sompo Japan Nipponkoa Corporate Summary
Table 67. Sompo Japan Nipponkoa SME Insurance Product Offerings
Table 68. Sompo Japan Nipponkoa SME Insurance Revenue (US$, Mn), (2017-2022)
Table 69. Tokio Marine Corporate Summary
Table 70. Tokio Marine SME Insurance Product Offerings
Table 71. Tokio Marine SME Insurance Revenue (US$, Mn), (2017-2022)
Table 72. Hanover Insurance Corporate Summary
Table 73. Hanover Insurance SME Insurance Product Offerings
Table 74. Hanover Insurance SME Insurance Revenue (US$, Mn), (2017-2022)
Table 75. Hiscox Corporate Summary
Table 76. Hiscox SME Insurance Product Offerings
Table 77. Hiscox SME Insurance Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. SME Insurance Segment by Type in 2021
Figure 2. SME Insurance Segment by Distrubution Channel in 2021
Figure 3. Global SME Insurance Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global SME Insurance Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global SME Insurance Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by SME Insurance Revenue in 2021
Figure 8. By Type - Global SME Insurance Revenue Market Share, 2017-2028
Figure 9. By Distrubution Channel - Global SME Insurance Revenue Market Share, 2017-2028
Figure 10. By Region - Global SME Insurance Revenue Market Share, 2017-2028
Figure 11. By Country - North America SME Insurance Revenue Market Share, 2017-2028
Figure 12. US SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 13. Canada SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe SME Insurance Revenue Market Share, 2017-2028
Figure 16. Germany SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 17. France SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 19. Italy SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 20. Russia SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia SME Insurance Revenue Market Share, 2017-2028
Figure 24. China SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 25. Japan SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 28. India SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America SME Insurance Revenue Market Share, 2017-2028
Figure 30. Brazil SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa SME Insurance Revenue Market Share, 2017-2028
Figure 33. Turkey SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 34. Israel SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 36. UAE SME Insurance Revenue, (US$, Mn), 2017-2028
Figure 37. Allianz SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. AXA SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. PICC SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. China Life SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Zurich SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Chubb SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Aviva SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. AIG SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Liberty Mutual SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. CPIC SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Nationwide SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. Mapfre SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 49. Sompo Japan Nipponkoa SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 50. Tokio Marine SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 51. Hanover Insurance SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 52. Hiscox SME Insurance Revenue Year Over Year Growth (US$, Mn) & (2017-2022)