The global Logistics Insurance Market size is expected to value at USD 61.55 billion by 2025. The market is subject to witness a substantial growth due to the rising consumer preference towards customizes insurance products and services. Factors responsible for the robust market growth include incorporation of product in the insurance policy and limiting potential risks during the transfer.
Logistics Insurance Market Outlook, Value Chain
Analysis and Competitive Landscape till 2025
“The primary goal of the logistics insurance market is to introduce new product in order to increase the after-
tax income while charging an appropriate price for the product.”
The global Logistics Insurance Market size is expected to value at USD 61.55 billion by 2025. The market is subject
to witness a substantial growth due to the rising consumer preference towards customizes insurance products and
services. Factors responsible for the robust market growth include incorporation of product in the insurance policy
and limiting potential risks during the transfer.
The primary goal of the logistics insurance market is to introduce new product in order to increase the after-tax
income while charging an appropriate price for the product. Introduction of optimal prices for insurance policies by
keeping certain factors in account is expected to favor market growth over the period of time. Globally, the logistics
insurance industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for
market players to invest for research and development in the market.
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Growing competition in the market has led to development of different the price optimization technique, thereby
propelling market demand in the upcoming years. Organizations offering logistics insurance identify the premium
rates on the account of the historical data and price of the product accordingly. The recent technological
advancement in the logistic industry coupled with development of tools such as predictive analytical models, what-
if scenario simulation, and impact analysis are helping organization to determine product pricing, thereby propelling
market demand over the forecast period. Product pricing is considered major enabler that requires a thorough
understanding of the market