Global Sports Insurance Market Overview:
Sports Insurance protects assets with adequate insurance. It is designed to cover professional players, clubs, groups in the sports industry. There are different types of sports insurance and other categories. With the rapid development in the life insurance industry majorly in the Asia Pacific industry. The companies operating in this industry are moving towards digitization. Some of the players profiled in the study are Allianz (Germany), Metlife (United States), Aviva (United Kingdom), Allstate (United States), Nationwide (United Kingdom), Sadler & Company (United States), Bajaj Finserv Ltd. (India), Sure Sports (United States), China Life Insurance (China) and China Pacific Life Insurance (China).
On the basis of geography, the market of Sports 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). If we see Market by Sales Channels, the sub-segment i.e. Insurance Agents/Brokers will boost the Sports Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Blockchain will boost the Sports Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase in Injury Rates in Sports Industry
- Development in Sports Industry
- Development in Economies Along with Increase in Middle-Class Population
- Rapid Development in Sales Channels with Technology Advancement
- High Adoption of Direct Channels to Selling Policies
- The Slowdown in Sport Activities Because of Coronavirus Pandemics
- Development in New Accounting Standards and Regulation
- Cost Optimization Strategies Driving New Investment in Future
- Lack of End User Awareness
The companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. To meet a high market share, and developing a socially responsible business company is identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sports Insurance Providers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Sports Insurance market on the basis of product [Sports Disability Insurance, Excess Medical Insurance, Primary and Secondary School Sports Insurance and Other] , application [Professional Sports, Amateur Sports, School Sports and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Sports Insurance market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Sports Insurance industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Policybazaar (India), Understand Insurance (Australia) and General & Medical Healthcare (England).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Sports Insurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.