The $28.77 Billion Worldwide Surety Market to 2027 - Rising Need for Innovative Insurance Solutions to Offer Prosperous Opportunities - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 1, 2019--The “Surety Market to 2027 - Global Analysis and Forecasts by Bond Type (Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, and Court Surety Bond)” report has been added to ResearchAndMarkets.com’s offering.
In terms of revenue, the global surety market is expected to grow to US$ 28.77 billion by 2027 from US$ 15.33 billion in 2018.
The demand for surety is highly propelled with the increasing demand for restoration of ageing infrastructure of developed economies worldwide. However, shortage of skilled professionals in the surety industry is restraining the surety market growth to certain extent.
The global surety market is highly fragmented with local players, banks and global companies operating in the market. Also, major and small players are trying to come up with innovative solutions to attract a large base of customers.
Currently, the surety market is experiencing a high growth in the developing economies of South America region. This is due to the growing number of construction activities and government regulations in the region.
On the basis of bond type, contract surety bond is the leading segment of the global surety market. In the construction industry, contract surety bond is highly used particularly for public construction projects. Contract Surety Bond is also known as contractor bond; contract bond is a type of surety bond that is used by the investors and developers in the construction business, as a guarantee that the terms and condition of the contract will be fulfilled.
The contract bond protects against the losses incurred due to the contractor’s failure to complete the project or meet the contract specification. Surety providers evaluate the principal builder’s financial merits and charge a premium in accordance with the likeness of occurrence of an adverse event.
1.1 Scope of the Study
1.2 Research Report Guidance
2. Key Takeaways
3. Surety Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 Pest Analysis
4. Surety Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Ageing Infrastructure of Developed Economies Creating a Need for Massive Investments in Its Restoration
4.1.2 Global Acceptance of Public Private Partnership Model Anticipated to Drive the Surety Market Growth
4.2 Key Market Restraints
4.2.1 Shortage of Properly Trained Underwriter in the Surety Industry
4.3 Key Market Opportunities
4.3.1 Rising Need for Innovative Insurance Solutions to Offer Prosperous Opportunity to Surety Market
4.4 Future Trends
4.4.1 Adoption of Surety Bond by Diverse End-Use Industries
4.5 Impact Analysis of Drivers and Restraints
5. Surety - Global Market Analysis
5.1 Global Surety Market Overview
5.2 Global Surety Market Forecast and Analysis
6. Surety Market Revenue and Forecasts To 2027 - Bond Type
6.2 Global Surety Market Breakdown, by Bond Type, 2017 & 2027
6.3 Contract Surety Bond
6.4 Commercial Surety Bond
6.5 Fidelity Surety Bond
6.6 Court Surety Bond
7. Global Surety Market - Geographical Analysis
7.2 North America Surety Market Revenue and Forecasts To 2027
7.3 Europe Surety Market Revenue and Forecasts To 2027
7.4 Asia-Pacific Surety Market Revenue and Forecasts To 2027
7.5 MEA Surety Market Revenue and Forecasts To 2027
7.6 South America Surety Market Revenue and Forecasts To 2027
8. Industry Landscape
8.1 Market Initiative
8.2 Merger and Acquisition
9. Competitive Landscape
9.1 Competitive Service Mapping
9.2 Market Positioning - Global Top 5 Players Ranking
10. Surety Market, Key Company Profiles
10.1 Amtrust Financial Services Inc.
10.2 Crum & Forster
10.3 CNA Insurance Group.
10.4 American Financial Group Inc. (AFG)
10.5 The Travelers Indemnity Company
10.6 Liberty Mutual Insurance Company
10.7 Hartford Financial Services Group Inc.
10.8 HCC Insurance Holdings Inc. (Tokio Marine & Nichido Fire Insurance Co. Ltd.)
10.9 IFIC Surety Group
10.10 Chubb Limited
For more information about this report visit https://www.researchandmarkets.com/research/qp3q3c/the_28_77?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190201005186/en/
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SOURCE: Research and Markets
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PUB: 02/01/2019 05:48 AM/DISC: 02/01/2019 05:48 AM