What is Art Insurance Market?
The art insurance policy provides compensation to the policyholder comprehensive protection to valuables like paintings, sculptures and other collectibles from uncertainties, physical damage due to theft, accident, etc. It provides protection for physical loss or damage to these valuable art items. Under the art insurance, anyone who owns antique furniture, fine art, musical instruments, statues and sculptures can take this insurance cover to protect the important collectibles against unforeseen damage and loss.
The market study is being classified by Type (Property Insurance and Title Insurance), by Application (Private and Commercial) and major geographies with country level break-up.
Axa S.A. (France), Chubb Limited (United States), Allianz SE (Germany), American International Group, Inc. (United States), Ping An Insurance (China), China Pacific Insurance Company (China), TATA AIG (India), Progressive Corporation (United State), The Travelers Companies, Inc. (United States) and HDFC ERGO General Insurance Company (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Future Generali (India), Hiscox Ltd. (Bermuda) and IFFCO Tokio General Insurance Company Limited (India).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Art Insurance market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Art Insurance market by Type, Application and Region.
On the basis of geography, the market of Art Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Disposable Income of the People
- Promotional Activities by Insurance Players
- Increased Number of Online Customers
- Less Awareness among Consumers
- Growing Demand from End-users
- Increased Penetration of the Internet
- High Cost Associated with Insurance
Key Target AudienceArt Insurance Providers, Distributors, Emerging Companies, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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