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Small Medium Enterprise Insurance-Global Market Insights and Sales Trends 2025

Small Medium Enterprise Insurance-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1832676

No of Pages : 121

Synopsis
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.
The global Small Medium Enterprise Insurance market size is expected to reach US$ 24170 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Small Medium Enterprise Insurance in various end use industries. The expanding demands from the Agency, Broker, Bancassurance and Direct Writing, are propelling Small Medium Enterprise Insurance market. Insurance for Non-employing, 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 Insurance for 1-9 Employees segment is estimated at % CAGR for the next seven-year period.
Global SME insurance main manufacturers include Allianz, AXA, PICC, China Life, Zurich, Chubb, Aviva, AIG, Liberty Mutual, CPIC, Nationwide, Mapfrem, Sompo Japan Nipponkoa, Tokio Marine, Hanover Insurance, Hiscox, etc., totally accounting for about 40%. Americas is the largest market, with a share over 32%. As for the types of products, it can be divided into insurance for non-employing, insurance for 1-9 employees and insurance for above 10 employees. Insurance for non-employing is the largest segment, holding a share over 70%. In terms of distribution channel, it can be divided into agency, digital and direct channels, brokers and bancassurance. Agency is the largest segment, with a share over 57%.
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 Small Medium Enterprise 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 Small Medium Enterprise 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 Small Medium Enterprise Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Small Medium Enterprise 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 Small Medium Enterprise Insurance covered in this report include AXA, Allianz, AIG, Tokio Marine, ACE&Chubb, China Life, XL Group, Argo Group and PICC, etc.
The global Small Medium Enterprise 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:
AXA
Allianz
AIG
Tokio Marine
ACE&Chubb
China Life
XL Group
Argo Group
PICC
Munich Re
Hanover Insurance
Nationwide
CPIC
Assurant
Sompo Japan Nipponkoa
Zurich
Hudson
Ironshore
Hiscox
Manulife
RenaissanceRe Holdings
Mapfre
Prudential plc
Aviva plc
Aon
Global Small Medium Enterprise 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 Small Medium Enterprise Insurance market, Segment by Type:
Insurance for Non-employing
Insurance for 1-9 Employees
Insurance for 10-49 Employees
Insurance for 50-249 Employees
Global Small Medium Enterprise Insurance market, by Application
Agency
Broker
Bancassurance
Direct Writing
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 Small Medium Enterprise 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
Index
1 Market Overview of Small Medium Enterprise Insurance
1.1 Small Medium Enterprise Insurance Market Overview
1.1.1 Small Medium Enterprise Insurance Product Scope
1.1.2 Small Medium Enterprise Insurance Market Status and Outlook
1.2 Global Small Medium Enterprise Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Small Medium Enterprise Insurance Market Size by Region (2018-2029)
1.4 Global Small Medium Enterprise Insurance Historic Market Size by Region (2018-2023)
1.5 Global Small Medium Enterprise Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Small Medium Enterprise Insurance Market Size (2018-2029)
1.6.1 North America Small Medium Enterprise Insurance Market Size (2018-2029)
1.6.2 Europe Small Medium Enterprise Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Small Medium Enterprise Insurance Market Size (2018-2029)
1.6.4 Latin America Small Medium Enterprise Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Small Medium Enterprise Insurance Market Size (2018-2029)
2 Small Medium Enterprise Insurance Market by Type
2.1 Introduction
2.1.1 Insurance for Non-employing
2.1.2 Insurance for 1-9 Employees
2.1.3 Insurance for 10-49 Employees
2.1.4 Insurance for 50-249 Employees
2.2 Global Small Medium Enterprise Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Small Medium Enterprise Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Small Medium Enterprise Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Small Medium Enterprise Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Small Medium Enterprise Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Small Medium Enterprise Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Small Medium Enterprise Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Small Medium Enterprise Insurance Revenue Breakdown by Type (2018-2029)
3 Small Medium Enterprise Insurance Market Overview by Application
3.1 Introduction
3.1.1 Agency
3.1.2 Broker
3.1.3 Bancassurance
3.1.4 Direct Writing
3.2 Global Small Medium Enterprise Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Small Medium Enterprise Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Small Medium Enterprise Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Small Medium Enterprise Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Small Medium Enterprise Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Small Medium Enterprise Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Small Medium Enterprise Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Small Medium Enterprise Insurance Revenue Breakdown by Application (2018-2029)
4 Small Medium Enterprise Insurance Competition Analysis by Players
4.1 Global Small Medium Enterprise 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 Small Medium Enterprise Insurance as of 2022)
4.3 Date of Key Players Enter into Small Medium Enterprise Insurance Market
4.4 Global Top Players Small Medium Enterprise Insurance Headquarters and Area Served
4.5 Key Players Small Medium Enterprise Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Small Medium Enterprise Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 AXA
5.1.1 AXA Profile
5.1.2 AXA Main Business
5.1.3 AXA Small Medium Enterprise Insurance Products, Services and Solutions
5.1.4 AXA Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 AXA Recent Developments
5.2 Allianz
5.2.1 Allianz Profile
5.2.2 Allianz Main Business
5.2.3 Allianz Small Medium Enterprise Insurance Products, Services and Solutions
5.2.4 Allianz Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Allianz Recent Developments
5.3 AIG
5.3.1 AIG Profile
5.3.2 AIG Main Business
5.3.3 AIG Small Medium Enterprise Insurance Products, Services and Solutions
5.3.4 AIG Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Tokio Marine Recent Developments
5.4 Tokio Marine
5.4.1 Tokio Marine Profile
5.4.2 Tokio Marine Main Business
5.4.3 Tokio Marine Small Medium Enterprise Insurance Products, Services and Solutions
5.4.4 Tokio Marine Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Tokio Marine Recent Developments
5.5 ACE&Chubb
5.5.1 ACE&Chubb Profile
5.5.2 ACE&Chubb Main Business
5.5.3 ACE&Chubb Small Medium Enterprise Insurance Products, Services and Solutions
5.5.4 ACE&Chubb Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 ACE&Chubb Recent Developments
5.6 China Life
5.6.1 China Life Profile
5.6.2 China Life Main Business
5.6.3 China Life Small Medium Enterprise Insurance Products, Services and Solutions
5.6.4 China Life Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 China Life Recent Developments
5.7 XL Group
5.7.1 XL Group Profile
5.7.2 XL Group Main Business
5.7.3 XL Group Small Medium Enterprise Insurance Products, Services and Solutions
5.7.4 XL Group Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 XL Group Recent Developments
5.8 Argo Group
5.8.1 Argo Group Profile
5.8.2 Argo Group Main Business
5.8.3 Argo Group Small Medium Enterprise Insurance Products, Services and Solutions
5.8.4 Argo Group Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Argo Group Recent Developments
5.9 PICC
5.9.1 PICC Profile
5.9.2 PICC Main Business
5.9.3 PICC Small Medium Enterprise Insurance Products, Services and Solutions
5.9.4 PICC Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 PICC Recent Developments
5.10 Munich Re
5.10.1 Munich Re Profile
5.10.2 Munich Re Main Business
5.10.3 Munich Re Small Medium Enterprise Insurance Products, Services and Solutions
5.10.4 Munich Re Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Munich Re Recent Developments
5.11 Hanover Insurance
5.11.1 Hanover Insurance Profile
5.11.2 Hanover Insurance Main Business
5.11.3 Hanover Insurance Small Medium Enterprise Insurance Products, Services and Solutions
5.11.4 Hanover Insurance Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Hanover Insurance Recent Developments
5.12 Nationwide
5.12.1 Nationwide Profile
5.12.2 Nationwide Main Business
5.12.3 Nationwide Small Medium Enterprise Insurance Products, Services and Solutions
5.12.4 Nationwide Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Nationwide Recent Developments
5.13 CPIC
5.13.1 CPIC Profile
5.13.2 CPIC Main Business
5.13.3 CPIC Small Medium Enterprise Insurance Products, Services and Solutions
5.13.4 CPIC Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 CPIC Recent Developments
5.14 Assurant
5.14.1 Assurant Profile
5.14.2 Assurant Main Business
5.14.3 Assurant Small Medium Enterprise Insurance Products, Services and Solutions
5.14.4 Assurant Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Assurant Recent Developments
5.15 Sompo Japan Nipponkoa
5.15.1 Sompo Japan Nipponkoa Profile
5.15.2 Sompo Japan Nipponkoa Main Business
5.15.3 Sompo Japan Nipponkoa Small Medium Enterprise Insurance Products, Services and Solutions
5.15.4 Sompo Japan Nipponkoa Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Sompo Japan Nipponkoa Recent Developments
5.16 Zurich
5.16.1 Zurich Profile
5.16.2 Zurich Main Business
5.16.3 Zurich Small Medium Enterprise Insurance Products, Services and Solutions
5.16.4 Zurich Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 Zurich Recent Developments
5.17 Hudson
5.17.1 Hudson Profile
5.17.2 Hudson Main Business
5.17.3 Hudson Small Medium Enterprise Insurance Products, Services and Solutions
5.17.4 Hudson Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Hudson Recent Developments
5.18 Ironshore
5.18.1 Ironshore Profile
5.18.2 Ironshore Main Business
5.18.3 Ironshore Small Medium Enterprise Insurance Products, Services and Solutions
5.18.4 Ironshore Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 Ironshore Recent Developments
5.19 Hiscox
5.19.1 Hiscox Profile
5.19.2 Hiscox Main Business
5.19.3 Hiscox Small Medium Enterprise Insurance Products, Services and Solutions
5.19.4 Hiscox Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Hiscox Recent Developments
5.20 Manulife
5.20.1 Manulife Profile
5.20.2 Manulife Main Business
5.20.3 Manulife Small Medium Enterprise Insurance Products, Services and Solutions
5.20.4 Manulife Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 Manulife Recent Developments
5.21 RenaissanceRe Holdings
5.21.1 RenaissanceRe Holdings Profile
5.21.2 RenaissanceRe Holdings Main Business
5.21.3 RenaissanceRe Holdings Small Medium Enterprise Insurance Products, Services and Solutions
5.21.4 RenaissanceRe Holdings Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 RenaissanceRe Holdings Recent Developments
5.22 Mapfre
5.22.1 Mapfre Profile
5.22.2 Mapfre Main Business
5.22.3 Mapfre Small Medium Enterprise Insurance Products, Services and Solutions
5.22.4 Mapfre Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.22.5 Mapfre Recent Developments
5.23 Prudential plc
5.23.1 Prudential plc Profile
5.23.2 Prudential plc Main Business
5.23.3 Prudential plc Small Medium Enterprise Insurance Products, Services and Solutions
5.23.4 Prudential plc Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.23.5 Prudential plc Recent Developments
5.24 Aviva plc
5.24.1 Aviva plc Profile
5.24.2 Aviva plc Main Business
5.24.3 Aviva plc Small Medium Enterprise Insurance Products, Services and Solutions
5.24.4 Aviva plc Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.24.5 Aviva plc Recent Developments
5.25 Aon
5.25.1 Aon Profile
5.25.2 Aon Main Business
5.25.3 Aon Small Medium Enterprise Insurance Products, Services and Solutions
5.25.4 Aon Small Medium Enterprise Insurance Revenue (US$ Million) & (2018-2023)
5.25.5 Aon Recent Developments
6 North America
6.1 North America Small Medium Enterprise Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Small Medium Enterprise 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 Small Medium Enterprise 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 Small Medium Enterprise 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 Small Medium Enterprise 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 Small Medium Enterprise Insurance Market Dynamics
11.1 Small Medium Enterprise Insurance Industry Trends
11.2 Small Medium Enterprise Insurance Market Drivers
11.3 Small Medium Enterprise Insurance Market Challenges
11.4 Small Medium Enterprise 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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