Market Overview:
The global entertainment insurance market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for personal and property insurance policies in the entertainment industry. North America is expected to lead the global entertainment insurance market in terms of revenue, followed by Europe and Asia Pacific. However, Latin America and Middle East & Africa are expected to experience high growth rates during the forecast period.
Product Definition:
Entertainment insurance is a type of insurance that protects event organizers and participants from potential losses incurred as a result of an unexpected event. This type of policy can help protect the organizer's assets, as well as the individuals or companies who have invested in the event. In some cases, it may also be necessary to purchase liability insurance to cover any potential injuries or damage that may occur during the event.
Personal Insurance:
Personal insurance is a type of insurance that provides protection against financial losses due to events such as health, disability, death and calamity. The key driver for the growth of this market is the increasing number of people getting affected by health conditions and requiring medical cover-ups.
Property Insurance:
Insurance is a type of financial protection from the risk of loss or damage to property. It helps in reducing the out-of-pocket expense to consumers in case of any loss or damage. The primary objective of insurance is to transfer risks from the insurer to another party, called as an assurance company, which protects and indemnifies against losses incurred by a named insured person or group.
Application Insights:
The commercial segment held the largest market share of over 70% in 2017. The growth can be attributed to the growing number of events such as sports, concerts and political gatherings that attract a large number of participants. An event with a large crowd attracts higher risk which is why companies are offering entertainment insurance for these types of occasions. For instance, AIG offers CPDI (contents/damage insurance) for sporting events such as rugby and tennis where there is a high risk of loss or damage to property or belongings due to theft or accidents respectively.
Personal application segment is expected to grow at the fastest rate owing to increasing awareness about personal safety among consumers coupled with rising disposable income in emerging markets including China, India and Brazil among others in Asia Pacific region.
Regional Analysis:
The global entertainment insurance market is dominated by the U.S., which accounted for over 50% of the revenue share in 2017. The growth can be attributed to rising investments in film and television production, along with a rise in spending on leisure activities across the globe.
Asia Pacific is expected to witness significant growth over the forecast period owing to factors such as rapid urbanization and increasing disposable income among consumers.
Latin America offers tremendous potential for development through film.
Growth Factors:
- Increasing demand for insurance coverage for entertainment events and activities
- Rising popularity of live entertainment events
- Proliferation of new and innovative forms of entertainment
- Growing number of uninsured or underinsured event organizers and venues
- Increased demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Entertainment Insurance Market Research Report
By Type
Personal Insurance, Property Insurance
By Application
Personal, Commercial
By Companies
Chubb, Allianz, AXA, Hiscox, Allen Financial Insurance Group, Truman Van Dyke, American Entertainment Insurance, Hub International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Entertainment Insurance Market Report Segments:
The global Entertainment Insurance market is segmented on the basis of:
Types
Personal Insurance, Property Insurance
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Chubb
- Allianz
- AXA
- Hiscox
- Allen Financial Insurance Group
- Truman Van Dyke
- American Entertainment Insurance
- Hub International
Highlights of The Entertainment Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Personal Insurance
- Property Insurance
- By Application:
- Personal
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Entertainment Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Entertainment insurance is a type of insurance that helps protect people and businesses from financial losses caused by events such as accidents, injuries, or property damage. This type of coverage can help cover costs associated with things like medical expenses, lost wages, and funeral expenses.
Some of the major companies in the entertainment insurance market are Chubb, Allianz, AXA, Hiscox, Allen Financial Insurance Group, Truman Van Dyke, American Entertainment Insurance, Hub International.
The entertainment insurance market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Entertainment Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Entertainment Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Entertainment Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Entertainment Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Entertainment Insurance Market Size & Forecast, 2018-2028
4.5.1 Entertainment Insurance Market Size and Y-o-Y Growth
4.5.2 Entertainment Insurance Market Absolute $ Opportunity
Chapter 5 Global Entertainment Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Entertainment Insurance Market Size Forecast by Type
5.2.1 Personal Insurance
5.2.2 Property Insurance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Entertainment Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Entertainment Insurance Market Size Forecast by Applications
6.2.1 Personal
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Entertainment Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Entertainment Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Entertainment Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Entertainment Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Entertainment Insurance Market Size Forecast by Type
9.6.1 Personal Insurance
9.6.2 Property Insurance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Entertainment Insurance Market Size Forecast by Applications
9.10.1 Personal
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Entertainment Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Entertainment Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Entertainment Insurance Market Size Forecast by Type
10.6.1 Personal Insurance
10.6.2 Property Insurance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Entertainment Insurance Market Size Forecast by Applications
10.10.1 Personal
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Entertainment Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Entertainment Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Entertainment Insurance Market Size Forecast by Type
11.6.1 Personal Insurance
11.6.2 Property Insurance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Entertainment Insurance Market Size Forecast by Applications
11.10.1 Personal
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Entertainment Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Entertainment Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Entertainment Insurance Market Size Forecast by Type
12.6.1 Personal Insurance
12.6.2 Property Insurance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Entertainment Insurance Market Size Forecast by Applications
12.10.1 Personal
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Entertainment Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Entertainment Insurance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Entertainment Insurance Market Size Forecast by Type
13.6.1 Personal Insurance
13.6.2 Property Insurance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Entertainment Insurance Market Size Forecast by Applications
13.10.1 Personal
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Entertainment Insurance Market: Competitive Dashboard
14.2 Global Entertainment Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chubb
14.3.2 Allianz
14.3.3 AXA
14.3.4 Hiscox
14.3.5 Allen Financial Insurance Group
14.3.6 Truman Van Dyke
14.3.7 American Entertainment Insurance
14.3.8 Hub International
