Market Insight : Property Insurance Market in the Oil and Gas Sector Globally Grow at a CAGR of 3.349% by 2021
The global property insurance in the oil and gas market is reliant upon the state of the global oil and gas market. It also depends on the broader insurance market cycle. The recent retreat in the global crude oil and associated energy prices is expected to have a significant effect on the course followed by the market over the forecast period. The global property insurance in the oil and gas market was valued at $14.171 billion in the year 2015 and is anticipated to expand at a CAGR of 3.349% over the forecast period.
Technavios analysts forecast the global property insurance in oil and gas market to grow at a CAGR of 3.349% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global property insurance in oil and gas market for 2016-2020. To calculate the market size, the report considers the revenue generated by the demand for property insurance for its application by end-users in each region and their corresponding key countries.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Property Insurance in Oil and Gas Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
American International Group
Allianz
Willis-Tower Watsons
Marsh
Aon
Other prominent vendors
XL Caitlin
Liberty Mutual
Intact Insurance
Travelers
Cravens Warren
ACE
Empire Company
Jardine Lloyd Thompson
Heirs Insurance Brokers
AON Benfield
Osprey Insurance Brokers
Paragon Insurance
Starr Tech
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Market driver
Need for hedging expensive oil and gas assets
For a full, detailed list, view our report
Market challenge
Effects of investment cuts in oil and gas industry
For a full, detailed list, view our report
Market trend
Emergence of engineering services
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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