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Third Party Insurance-Global Market Insights and Sales Trends 2025
Synopsis
The global Third Party Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Third Party Insurance in various end use industries. The expanding demands from the Automotive, Maritime and Others,, are propelling Third Party Insurance market. Liability Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Physical Damage Insurance segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Third Party Insurance market, driven by demand from China, the second largest economy with some signs of stabilising, the Third Party Insurance market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Third Party Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Third Party Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Third Party Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Third Party Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Third Party Insurance covered in this report include PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group and Zurich, etc.
The global Third Party Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp.
Generali Group
MAPFRE
Chubb
AmTrust NGH
Global Third Party Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Third Party Insurance market, Segment by Type:
Liability Insurance
Physical Damage Insurance
Others
Global Third Party Insurance market, by Application
Automotive
Maritime
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Third Party Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Third Party Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Third Party Insurance in various end use industries. The expanding demands from the Automotive, Maritime and Others,, are propelling Third Party Insurance market. Liability Insurance, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Physical Damage Insurance segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Third Party Insurance market, driven by demand from China, the second largest economy with some signs of stabilising, the Third Party Insurance market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Third Party Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Third Party Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Third Party Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Third Party Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Third Party Insurance covered in this report include PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group and Zurich, etc.
The global Third Party Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp.
Generali Group
MAPFRE
Chubb
AmTrust NGH
Global Third Party Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Third Party Insurance market, Segment by Type:
Liability Insurance
Physical Damage Insurance
Others
Global Third Party Insurance market, by Application
Automotive
Maritime
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Third Party Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Third Party Insurance
1.1 Third Party Insurance Market Overview
1.1.1 Third Party Insurance Product Scope
1.1.2 Third Party Insurance Market Status and Outlook
1.2 Global Third Party Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Third Party Insurance Market Size by Region (2018-2029)
1.4 Global Third Party Insurance Historic Market Size by Region (2018-2023)
1.5 Global Third Party Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Third Party Insurance Market Size (2018-2029)
1.6.1 North America Third Party Insurance Market Size (2018-2029)
1.6.2 Europe Third Party Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Third Party Insurance Market Size (2018-2029)
1.6.4 Latin America Third Party Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Third Party Insurance Market Size (2018-2029)
2 Third Party Insurance Market by Type
2.1 Introduction
2.1.1 Liability Insurance
2.1.2 Physical Damage Insurance
2.1.3 Others
2.2 Global Third Party Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Third Party Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Third Party Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Third Party Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Third Party Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Third Party Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Third Party Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Third Party Insurance Revenue Breakdown by Type (2018-2029)
3 Third Party Insurance Market Overview by Application
3.1 Introduction
3.1.1 Automotive
3.1.2 Maritime
3.1.3 Others
3.2 Global Third Party Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Third Party Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Third Party Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Third Party Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Third Party Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Third Party Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Third Party Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Third Party Insurance Revenue Breakdown by Application (2018-2029)
4 Third Party Insurance Competition Analysis by Players
4.1 Global Third Party Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Third Party Insurance as of 2022)
4.3 Date of Key Players Enter into Third Party Insurance Market
4.4 Global Top Players Third Party Insurance Headquarters and Area Served
4.5 Key Players Third Party Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Third Party Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 PICC
5.1.1 PICC Profile
5.1.2 PICC Main Business
5.1.3 PICC Third Party Insurance Products, Services and Solutions
5.1.4 PICC Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 PICC Recent Developments
5.2 Progressive Corporation
5.2.1 Progressive Corporation Profile
5.2.2 Progressive Corporation Main Business
5.2.3 Progressive Corporation Third Party Insurance Products, Services and Solutions
5.2.4 Progressive Corporation Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Progressive Corporation Recent Developments
5.3 Ping An
5.3.1 Ping An Profile
5.3.2 Ping An Main Business
5.3.3 Ping An Third Party Insurance Products, Services and Solutions
5.3.4 Ping An Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 AXA Recent Developments
5.4 AXA
5.4.1 AXA Profile
5.4.2 AXA Main Business
5.4.3 AXA Third Party Insurance Products, Services and Solutions
5.4.4 AXA Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 AXA Recent Developments
5.5 Sompo Japan
5.5.1 Sompo Japan Profile
5.5.2 Sompo Japan Main Business
5.5.3 Sompo Japan Third Party Insurance Products, Services and Solutions
5.5.4 Sompo Japan Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Sompo Japan Recent Developments
5.6 Tokyo Marine
5.6.1 Tokyo Marine Profile
5.6.2 Tokyo Marine Main Business
5.6.3 Tokyo Marine Third Party Insurance Products, Services and Solutions
5.6.4 Tokyo Marine Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Tokyo Marine Recent Developments
5.7 Travelers Group
5.7.1 Travelers Group Profile
5.7.2 Travelers Group Main Business
5.7.3 Travelers Group Third Party Insurance Products, Services and Solutions
5.7.4 Travelers Group Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Travelers Group Recent Developments
5.8 Liberty Mutual Group
5.8.1 Liberty Mutual Group Profile
5.8.2 Liberty Mutual Group Main Business
5.8.3 Liberty Mutual Group Third Party Insurance Products, Services and Solutions
5.8.4 Liberty Mutual Group Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Liberty Mutual Group Recent Developments
5.9 Zurich
5.9.1 Zurich Profile
5.9.2 Zurich Main Business
5.9.3 Zurich Third Party Insurance Products, Services and Solutions
5.9.4 Zurich Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Zurich Recent Developments
5.10 CPIC
5.10.1 CPIC Profile
5.10.2 CPIC Main Business
5.10.3 CPIC Third Party Insurance Products, Services and Solutions
5.10.4 CPIC Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 CPIC Recent Developments
5.11 Nationwide
5.11.1 Nationwide Profile
5.11.2 Nationwide Main Business
5.11.3 Nationwide Third Party Insurance Products, Services and Solutions
5.11.4 Nationwide Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Nationwide Recent Developments
5.12 Mitsui Sumitomo Insurance
5.12.1 Mitsui Sumitomo Insurance Profile
5.12.2 Mitsui Sumitomo Insurance Main Business
5.12.3 Mitsui Sumitomo Insurance Third Party Insurance Products, Services and Solutions
5.12.4 Mitsui Sumitomo Insurance Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Mitsui Sumitomo Insurance Recent Developments
5.13 Aviva
5.13.1 Aviva Profile
5.13.2 Aviva Main Business
5.13.3 Aviva Third Party Insurance Products, Services and Solutions
5.13.4 Aviva Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Aviva Recent Developments
5.14 Berkshire Hathaway
5.14.1 Berkshire Hathaway Profile
5.14.2 Berkshire Hathaway Main Business
5.14.3 Berkshire Hathaway Third Party Insurance Products, Services and Solutions
5.14.4 Berkshire Hathaway Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Berkshire Hathaway Recent Developments
5.15 Old Republic International
5.15.1 Old Republic International Profile
5.15.2 Old Republic International Main Business
5.15.3 Old Republic International Third Party Insurance Products, Services and Solutions
5.15.4 Old Republic International Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Old Republic International Recent Developments
5.16 Auto Owners Grp.
5.16.1 Auto Owners Grp. Profile
5.16.2 Auto Owners Grp. Main Business
5.16.3 Auto Owners Grp. Third Party Insurance Products, Services and Solutions
5.16.4 Auto Owners Grp. Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 Auto Owners Grp. Recent Developments
5.17 Generali Group
5.17.1 Generali Group Profile
5.17.2 Generali Group Main Business
5.17.3 Generali Group Third Party Insurance Products, Services and Solutions
5.17.4 Generali Group Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Generali Group Recent Developments
5.18 MAPFRE
5.18.1 MAPFRE Profile
5.18.2 MAPFRE Main Business
5.18.3 MAPFRE Third Party Insurance Products, Services and Solutions
5.18.4 MAPFRE Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 MAPFRE Recent Developments
5.19 Chubb
5.19.1 Chubb Profile
5.19.2 Chubb Main Business
5.19.3 Chubb Third Party Insurance Products, Services and Solutions
5.19.4 Chubb Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Chubb Recent Developments
5.20 AmTrust NGH
5.20.1 AmTrust NGH Profile
5.20.2 AmTrust NGH Main Business
5.20.3 AmTrust NGH Third Party Insurance Products, Services and Solutions
5.20.4 AmTrust NGH Third Party Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 AmTrust NGH Recent Developments
6 North America
6.1 North America Third Party Insurance Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Third Party Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Third Party Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Third Party Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Third Party Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Third Party Insurance Market Dynamics
11.1 Third Party Insurance Industry Trends
11.2 Third Party Insurance Market Drivers
11.3 Third Party Insurance Market Challenges
11.4 Third Party Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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