Global Commercial Earthquake Insurance Market Overview:
Commercial earthquake insurance provides coverage against the uncertain loss and damage due to the earthquake. It covers direct damage, commercial property, business income, and other additional expenses depending on the type of policy plan taken and individual risks. The commercial earthquake insurance is decided based on several factors such as construction material, building age, replacement cost, fault distance, etc and it is used by various industries. Some of the 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) and Mitchell & Mitchell Insurance Agency, Inc. (United States).
On the basis of geography, the market of Commercial Earthquake 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 Distribution Channel, the sub-segment i.e. Offline Service will boost the Commercial Earthquake Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Manufacturing will boost the Commercial Earthquake Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coverage, the sub-segment i.e. Direct Damage will boost the Commercial Earthquake Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Number of Earthquake Incidents Around the World
- Need for Protection Against the Earthquake Damage and Loss
- The popularity of Direct Damage Coverage of Commercial Earthquake Insurance
- Costly Premium of Commercial Earthquake Insurance
- Growing Promotional Programs for Insurance Policies will Boost the Commercial Earthquake Insurance Market
- Increasing Number of Fraudulent Commercial Earthquake Insurance Players in the Market
"The California Earthquake Authority (CEA) provides most earthquake insurance in California. CEA offers earthquake policies, for homeowners, mobile homeowners, condo unit owners, and renters. One cannot buy earthquake insurance directly from CEA you buy it directly from insurance companies that are members of CEA."
Target Audience:Commercial Earthquake Insurance Providers, Commercial Earthquake Insurance Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Commercial Earthquake Insurance market on the basis of product  , application [Office Buildings, Hospital, Hotel and Others], 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 Commercial Earthquake 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 Commercial Earthquake 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 .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Commercial Earthquake 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.