Marine Insurance Market Share

Marine Insurance Market Share

Allianz SE, AXA XL, and Lloyd’s of London dominate the market with around 13% market share. Allianz SE has a presence in multiple financial service sectors. It offers a wide range of products and services. Its global presence allows them to cater to a diverse clientele in numerous countries. Allianz SE partnered with Rokstone, a marine insurance specialist, to solidify its position in the growing market for marine insurance. This highlights their focus on staying ahead of the curve and adapting to evolving market needs.
 

Lloyd's functions as a central hub where brokers connect with specialized underwriting syndicates to secure insurance coverage. It has a long and distinguished history, particularly in marine insurance. The company brings together a multitude of underwriting syndicates, each with its own area of focus and risk tolerance. This allows for a high degree of specialization and the ability to tailor coverage to meet the specific needs of a client's unique marine insurance requirements.
 

Marine Insurance Market Companies

Major players operating in the marine insurance industry are:

• Allianz SE
• American International Group, Inc. (AIG)
• AXA XL
• Chubb Limited
• Lloyd's of London
• Munich Re
• Swiss Re
• The Travelers Companies, Inc.
• Tokio Marine Holdings, Inc.
• Zurich Insurance Group