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US Commercial Insurance Market Share | Industry Report, Growth, Size and Forecast 2022-2027

IMARC Group has recently released a new research study titled “US Commercial Insurance Market Share, Size, Growth, Industry Trends, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

How big is US Commercial Insurance Industry?

The United States commercial insurance market is expected to exhibit a CAGR of 10.03% during 2022-2027.

Industry Definition and Application:

Commercial insurance protects businesses from financial risks, including customer or employee injuries, client lawsuits, and property thefts or damages. It offers more coverage, such as property damage, injury to the employees, cyberattacks, thefts, natural disasters and data breaches, than personal insurance. As a result, it is extensively used in healthcare, manufacturing, energy and utilities, and transportation industries.

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Year considered to estimate the market size:

  • Base year of the analysis: 2021
  • Historical period: 2016-2021
  • Forecast period: 2022-2027

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What are the major market drivers in the US commercial insurance market?

One of the primary factors driving the market is the increasing need to protect businesses from scams in the United States. Additionally, the rising commercial insurance providers in the US and the regular premiums charged on these policies throughout the country are propelling the market growth.

Besides this, the employment of predictive analytics by various commercial insurers to predict business risks and mitigate losses is catalyzing the market growth. Furthermore, extensive adoption of advanced technologies and the substantial investments by the US government to promote the utilization of commercial insurance are also creating a positive market outlook.

Get the table of contents with all detailed information: https://www.imarcgroup.com/united-states-commercial-insurance-market

Key Market Segmentation:

The report has segmented the market on the basis of region, type, enterprise size, distribution channel and industry vertical.

Breakup by Type:

  • Liability Insurance
  • Commercial Motor Insurance
  • Commercial Property Insurance
  • Marine Insurance
  • Others

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by Distribution Channel:

  • Agents and Brokers
  • Direct Response
  • Others

Breakup by Industry Vertical:

  • Transportation and Logistics
  • Manufacturing
  • Construction
  • IT and Telecom
  • Healthcare
  • Energy and Utilities
  • Others

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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