B2B Insurance Market Size, Share, Trends, Growth Outlook

The Global B2B Insurance Market Size is estimated to register 9.6% growth over the forecast period from 2024 to 2030.

 

The market growth is driven by an increasing number of B2B insurers that are increasingly focusing on collaborative partnerships with other entities within business ecosystems, such as industry associations, technology providers, and risk management consultants. Leading Companies focusing on Artificial Intelligence (AI) and Predictive Analytics Advancements, Parametric Insurance Innovation, Integration of Internet of Things (IoT) and Telematics, and others to boost market shares in the industry.

 

B2B Insurance Market Overview

The B2B insurance market is a critical sector providing businesses with coverage for various risks associated with their operations. Key components include underwriting, claims processing, and risk management, with diverse coverage solutions tailored to specific industries. The industry is undergoing digital transformation, incorporating technologies like AI and blockchain, while cybersecurity insurance has gained prominence. Parametric insurance, triggering payouts based on predefined events, is emerging as a faster claims settlement option. The market is influenced by global economic trends, and insurers collaborate with businesses to develop risk mitigation strategies, emphasizing loss prevention and safety measures. The dynamic nature of the B2B insurance market requires continuous monitoring of evolving trends and regulatory landscapes for accurate assessments.

 

B2B Insurance Market Dynamics

Market Trends- Embracing insurtech innovations could be the key for established insurers to achieve dominance in the B2B insurance landscape.

Recognizing the strategic necessity, established insurers are increasingly embracing insurtech innovations to assert dominance in the B2B insurance arena. The incorporation of advanced technologies like artificial intelligence, machine learning, and blockchain is poised to significantly boost operational efficiency, streamline underwriting processes, and enhance overall customer experiences. Insurtech solutions hold the potential to transform risk assessment, claims processing, and data analytics, empowering insurers to deliver more personalized and competitive products to businesses. Furthermore, the adoption of insurtech facilitates swift adaptation to market trends and emerging risks, providing established insurers with a competitive edge in a swiftly evolving landscape. As the B2B insurance market undergoes continuous evolution, insurers that effectively harness insurtech innovations are not only positioned to stay relevant but also to establish industry dominance by addressing the evolving needs of businesses in the digital age.

 

Market Driver- This report examines the surging demand for cybersecurity insurance within the B2B insurance market.

The B2B insurance market has experienced a notable upswing in the demand for cybersecurity insurance. This report investigates the factors propelling this trend, examining the heightened awareness among businesses regarding the escalating risks of cyber threats and the imperative for robust risk management strategies. With the ongoing increase in both the frequency and sophistication of cyber-attacks, businesses are progressively acknowledging the significance of cybersecurity insurance in mitigating financial losses stemming from data breaches and other cyber incidents. The report assesses key drivers, market dynamics, and emerging trends that are shaping the landscape of cybersecurity insurance in the B2B sector. It provides insights into the evolving risk environment and details innovative solutions insurers are implementing to meet the surging demand.

 

Market Opportunity- Go beyond one-size-fits-all with bespoke B2B insurance solutions tailored to your unique business needs.

Discover the transition from traditional to customized B2B insurance solutions, highlighting the benefits of adapting coverage to address individual business requirements. This succinct overview emphasizes the advantages of tailoring insurance for effective risk management, aligning policies with industry-specific risks, and incorporating innovations such as AI and IoT integration. Gain insights into how personalized insurance surpasses generic approaches, enhancing adaptability to evolving business environments and ensuring robust financial security.

 

Market Share Analysis- Cybersecurity Insurance B2B Insurance Market will register the fastest growth

The Global B2B Insurance Market is analyzed across Commercial liability, Commercial Property, Worker’s compensation, and others. Cybersecurity Insurance is poised to register the fastest growth. Cybersecurity insurance has become indispensable in the B2B sector due to the escalating threat of cyber incidents, including data breaches and ransomware attacks. Tailored to meet diverse business needs, these policies offer coverage for financial losses stemming from cyber events and assist in regulatory compliance. B2B insurers collaborate with businesses to assess risks, implement preventive measures, and provide support for incident response and recovery. The evolving landscape prompts ongoing adaptation to emerging cyber risks, making cybersecurity insurance a crucial component in safeguarding businesses against digital vulnerabilities and ensuring comprehensive protection.

 

Market Share Analysis- Healthcare held a significant market share in 2024

The Global B2B Insurance Market is analyzed across various applications including Contractors and construction, Finance and insurance, Healthcare, Manufacturing, Professional services, Real estate, Restaurants, and others. Of these, Healthcare held a significant market share in 2024. The B2B healthcare insurance market caters to businesses in the healthcare sector, providing coverage for risks such as liability, malpractice, and property protection. This segment serves entities like hospitals, clinics, pharmaceutical companies, and medical equipment manufacturers. Recent trends include the integration of digital technologies in claims processing, an increased focus on cybersecurity insurance to safeguard sensitive healthcare data, and a growing emphasis on preventive healthcare measures. As the healthcare industry evolves, B2B insurers are adapting their offerings to address emerging risks and comply with regulatory changes.

 

B2B Insurance Market Segmentation

By Type

• Commercial Liability
• Commercial Property
• Worker’s compensation

 

By Application

• Contractors and construction
• Finance and insurance
• Healthcare
• Manufacturing
• Professional services
• Real estate
• Restaurants
• Others

 

By Coverage Type

• Short term
• Long term

 

By Organization Size

• SMEs
• Large Enterprises

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

B2B Insurance Market Companies

• Aon (Ireland)
• Arch Capital Group (Bermuda)
• Berkshire Hathaway (United States)
• Chubb (United States)
• CNA Financial (United States)
• Everest Re (Bermuda)
• Gallagher (United States)
• Marsh McLennan (United States)
• Munich Re (Germany)
• Navigators Group (Bermuda)
• Progressive (United States)
• QBE Insurance Group (Australia)
• Reinsurance Group of America (United States)
• RenaissanceRe (Bermuda)
• SCOR (France)
• Swiss Re (Switzerland)
• Tokio Marine Holdings (Japan)
• Travelers Companies (United States)
• USI Insurance Services (United States)
• XL Group (Bermuda)
• Zurich Insurance Group (Switzerland)

 

*List not exhaustive

B2B Insurance Market Outlook 2024

1 Market Overview

1.1 Introduction to the B2B Insurance Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2024 B2B Insurance Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global B2B Insurance Market Companies with Area Served

4.2.2 Products Offerings Global B2B Insurance Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global B2B Insurance Market Trends

6.1 Global B2B Insurance Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global B2B Insurance Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global B2B Insurance Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global B2B Insurance Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global B2B Insurance Revenue (USD Million) by Type (2018-2022)

7.1.1 Global B2B Insurance Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global B2B Insurance Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global B2B Insurance Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global B2B Insurance Development Regional Status and Outlook

8.1 Global B2B Insurance Revenue (USD Million) By Regions (2018-2022)

8.2 North America B2B Insurance Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America B2B Insurance Revenue (USD Million) by Country (2018-2022)

8.2.2 North America B2B Insurance Revenue (USD Million) by Type (2018-2022)

8.2.3 North America B2B Insurance Revenue (USD Million) by Applications (2018-2022)

8.3 Europe B2B Insurance Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe B2B Insurance Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe B2B Insurance Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe B2B Insurance Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific B2B Insurance Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific B2B Insurance Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific B2B Insurance Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific B2B Insurance Revenue (USD Million) by Applications (2018-2022)

8.5 South America B2B Insurance Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America B2B Insurance Revenue (USD Million), by Country (2018-2022)

8.5.2 South America B2B Insurance Revenue (USD Million) by Type (2018-2022)

8.5.3 South America B2B Insurance Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa B2B Insurance Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa B2B Insurance Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa B2B Insurance Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa B2B Insurance Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global B2B Insurance Market Revenue (USD Million), by Type, and Applications (2024-2030)

10.1 Global B2B Insurance Revenue (USD Million) and Market Share (%) by Type (2024-2030)

10.1.1 Global B2B Insurance Revenue (USD Million), and Market Share (%) by Type (2024-2030)

10.2 Global B2B Insurance Revenue (USD Million) and Market Share (%) by Applications (2024-2030)

10.2.1 Global B2B Insurance Revenue (USD Million), and Market Share (%) by Applications (2024-2030)

 

11 Global B2B Insurance Development Regional Status and Outlook Forecast

11.1 Global B2B Insurance Revenue (USD Million) By Regions (2024-2030)

11.2 North America B2B Insurance Revenue (USD Million) by Type, and Applications (2024-2030)

11.2.1 North America B2B Insurance Revenue (USD) Million by Country (2024-2030)

11.2.2 North America B2B Insurance Revenue (USD Million), by Type (2024-2030)

11.2.3 North America B2B Insurance Revenue (USD Million), Market Share (%) by Applications (2024-2030)

11.3 Europe B2B Insurance Revenue (USD Million), by Type, and Applications (2024-2030)

11.3.1 Europe B2B Insurance Revenue (USD Million), by Country (2024-2030)

11.3.2 Europe B2B Insurance Revenue (USD Million), by Type (2024-2030)

11.3.3 Europe B2B Insurance Revenue (USD Million), by Applications (2024-2030)

11.4 Asia Pacific B2B Insurance Revenue (USD Million) by Type, and Applications (2024-2030)

11.4.1 Asia Pacific B2B Insurance Revenue (USD Million), by Country (2024-2030)

11.4.2 Asia Pacific B2B Insurance Revenue (USD Million), by Type (2024-2030)

11.4.3 Asia Pacific B2B Insurance Revenue (USD Million), by Applications (2024-2030)

11.5 South America B2B Insurance Revenue (USD Million), by Type, and Applications (2024-2030)

11.5.1 South America B2B Insurance Revenue (USD Million), by Country (2024-2030)

11.5.2 South America B2B Insurance Revenue (USD Million), by Type (2024-2030)

11.5.3 South America B2B Insurance Revenue (USD Million), by Applications (2024-2030)

11.6 Middle East and Africa B2B Insurance Revenue (USD Million), by Type, and Applications (2024-2030)

11.6.1 Middle East and Africa B2B Insurance Revenue (USD Million), by Region (2024-2030)

11.6.2 Middle East and Africa B2B Insurance Revenue (USD Million), by Type (2024-2030)

11.6.3 Middle East and Africa B2B Insurance Revenue (USD Million), by Applications (2024-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global B2B Insurance Market Companies with Areas Served

Table 3 Products Offerings Global B2B Insurance Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global B2B Insurance Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global B2B Insurance Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global B2B Insurance Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 11 Global B2B Insurance Revenue Market Share (%) By Type (2018-2022)

Table 12 Global B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 13 Global B2B Insurance Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global B2B Insurance Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global B2B Insurance Market Share (%) By Regions (2018-2022)

Table 16 North America B2B Insurance Revenue (USD Million) By Country (2018-2022)

Table 17 North America B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 18 North America B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe B2B Insurance Revenue (USD Million) By Country (2018-2022)

Table 20 Europe B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 21 Europe B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific B2B Insurance Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 25 South America B2B Insurance Revenue (USD Million) By Country (2018-2022)

Table 26 South America B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 27 South America B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa B2B Insurance Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 33 Global B2B Insurance Revenue Market Share (%) By Type (2024-2030)

Table 34 Global B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 35 Global B2B Insurance Revenue Market Share (%) By Applications (2024-2030)

Table 36 Global B2B Insurance Market Revenue (USD Million), And Revenue (USD Million) By Regions (2024-2030)

Table 37 North America B2B Insurance Revenue (USD)By Country (2024-2030)

Table 38 North America B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 39 North America B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 40 Europe B2B Insurance Revenue (USD Million) By Country (2024-2030)

Table 41 Europe B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 42 Europe B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 43 Asia Pacific B2B Insurance Revenue (USD Million) By Country (2024-2030)

Table 44 Asia Pacific B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 45 Asia Pacific B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 46 South America B2B Insurance Revenue (USD Million) By Country (2024-2030)

Table 47 South America B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 48 South America B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 49 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2024-2030)

Table 50 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2024-2030)

Table 51 Middle East and Africa B2B Insurance Revenue (USD Million) By Type (2024-2030)

Table 52 Middle East and Africa B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 4 Global B2B Insurance Revenue Market Share (%) By Type (2022)

Figure 5 Global B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global B2B Insurance Revenue Market Share (%) By Applications (2022)

Figure 7 Global B2B Insurance Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global B2B Insurance Market Share (%) By Regions (2022)

Figure 9 North America B2B Insurance Revenue (USD Million) By Country (2018-2022)

Figure 10 North America B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 11 North America B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe B2B Insurance Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific B2B Insurance Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America B2B Insurance Revenue (USD Million) By Country (2018-2022)

Figure 19 South America B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 20 South America B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa B2B Insurance Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa B2B Insurance Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 25 Global B2B Insurance Revenue Market Share (%) By Type (2030)

Figure 26 Global B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 27 Global B2B Insurance Revenue Market Share (%) By Applications (2030)

Figure 28 Global B2B Insurance Market Revenue (USD Million) By Regions (2024-2030)

Figure 29 North America B2B Insurance Revenue (USD Million) By Country (2024-2030)

Figure 30 North America B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 31 North America B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 32 Europe B2B Insurance Revenue (USD Million) By Country (2024-2030)

Figure 33 Europe B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 34 Europe B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 35 Asia Pacific B2B Insurance Revenue (USD Million) By Country (2024-2030)

Figure 36 Asia Pacific B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 37 Asia Pacific B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 38 South America B2B Insurance Revenue (USD Million) By Country (2024-2030)

Figure 39 South America B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 40 South America B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 41 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2024-2030)

Figure 42 Middle East and Africa B2B Insurance Revenue (USD Million) By Region (2024-2030)

Figure 43 Middle East and Africa B2B Insurance Revenue (USD Million) By Type (2024-2030)

Figure 44 Middle East and Africa B2B Insurance Revenue (USD Million) By Applications (2024-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

 

B2B Insurance Market Segmentation

By Type

• Commercial Liability
• Commercial Property
• Worker’s compensation

 

By Application

• Contractors and construction
• Finance and insurance
• Healthcare
• Manufacturing
• Professional services
• Real estate
• Restaurants
• Others

 

By Coverage Type

• Short term
• Long term

 

By Organization Size

• SMEs
• Large Enterprises

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)