Global Property Insurance Market in the Oil and Gas Sector to Grow 3% by 2020 – Enforcement of Strict Regulations to Drive Growth – Research and Markets

DUBLIN, October 25, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Property Insurance Market in the Oil and Gas Sector 2016-2020" report to their offering.

The report forecasts the global property insurance in oil and gas market to grow at a CAGR of 3.349% during the period 2016-2020.

In the property insurance domain, oil and gas or otherwise, the rise in the number of business interruption claims is one of the most evident trends that has emerged over the last few years. This particular claim type is seeing an increased share in the overall loss. In the oil and gas domain, the energy players are purchasing an increasing number of BI (business interruption) covers as refining and processing margins maintain their healthy levels in the US.

According to the report, enforcement of strict regulations will be a key driver for market growth. One of the inherent characteristics of the insurance market pertains to the immediate use of the policy and the premiums. In the oil and gas industry, the sum insured and the related premium are pretty high. The high levels of risks associated with the operations also add to the increase in the premiums paid for covers. As the insurance premiums rise in any particular year, it has an effect on the profit margins of the vendors. This reason has forced, over the years, many smaller oil and gas companies to forego the insurance cover costs.

Further, the report states that one of the challenges for the market will be complexities associated with evolving technology.

Key vendors:

• American International Group
• Allianz
• Willis-Tower Watsons
• Marsh
• Aon

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by sector

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/tlb8fl/global_property

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