Market Overview:
The global sports insurance market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The market growth is attributed to the increasing awareness about the benefits of sports insurance, rising participation in sports, and growing demand for disability and medical insurance among athletes. The global sports insurance market can be segmented by type, application, and region. By type, the market can be divided into sports disability insurance, excess medical insurance, primary and secondary school sports insurance, other types of sport insurances (such as event cancellation), and group accident & health policies. Sports disability Insurance is expected to account for the largest share of the global market in 2018 owing to its ability to cover expenses related to injuries sustained while playing a sport. By application, the global market can be classified into professional athletes’ protection policies; amateur athlete protection policies; school-aged children’s protection policies; event cancellation or interruption coverage; directors & officers liability (D&O) for sporting organizations/events; personal accident coverages for players/coaches/officials during sporting events; loss of income due injury or illness suffered during sporting events etc.
Product Definition:
Sports insurance is a type of insurance that covers athletes and sporting events. It can provide coverage for injuries sustained during the event, as well as for loss or damage to equipment. Sports insurance is important because it can help protect athletes from costly injuries, and it can help organizers of sporting events minimize their financial risk in the event that something goes wrong.
Sports Disability Insurance:
Sports disability insurance is a form of health insurance that provides coverage for injuries incurred during sports activities. It can be defined as an insurance policy that protects the insured against loss or damage to property, bodily injury or death caused by accident in connection with any sport, game or other activity.
Excess Medical Insurance:
Excess medical insurance is a form of special benefit plan that provides additional coverage beyond the primary insurance policy. It is designed to provide financial protection against high costs which are not covered under the standard health plan. Excess medical plans are usually purchased by individuals and families with low income who have few or no health risks but whose expected healthcare expenditure would be higher than the average cost of a basic health plan.
Application Insights:
The professional sports segment accounted for the largest market share in 2017 and is projected to expand further at a steady CAGR over the forecast period. The growth can be attributed to rising number of participation and engagement of general public with sportspersons. Sportspersons are engaged in various activities such as playing, training, diet planning, fitness & medical checkups etc., which attract people towards them resulting in high demand for their insurance policies.
The amateur sports segment is expected to witness significant growth over the forecast period owing to increasing participation levels across all age groups especially among school children. General public including schools organize games wherein participants try their best tryingto win against each other which also acts as a good opportunity for promoting healthy lifestyle among school students leadingto increased demandfor sport specific insurance policies during these events or occasions. Moreover, many companies have introduced new products specifically designedfor such sporting events or occasions thereby drivingthe overall market growth at an anticipated rate over the next few years.
Regional Analysis:
North America dominated the global sports insurance market in 2017. The presence of a large number of insurance companies and high spending on sports activities are some factors contributing to the growth of this region. In addition, growing popularity for various sports including basketball, football, baseball among others is expected to drive the demand for these policies over the forecast period.
Asia Pacific is expected to witness significant growth over the next eight years owing to increasing government initiatives and awareness programs regarding these policies amongst athletes and their parents/guardians as well as coaches & trainers. Increasing disposable income levels in developing countries such as India & China along with rising investments by international players in emerging markets such as China & India will further boost market growth during this period.
Growth Factors:
- Increasing popularity of sports and recreational activities, which is driving the demand for insurance coverage against potential risks.
- Rising awareness about the importance of insurance among individuals, especially athletes and sports enthusiasts, which is resulting in increased uptake of sports insurance policies.
- Proliferation of online platforms that offer affordable and customizable insurance products, making it easier for consumers to purchase coverage as per their needs and budget constraints.
- Growing number of insurers entering the market, providing consumers with a wider choice of products to choose from.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sports Insurance Market Research Report
By Type
Sports Disability Insurance, Excess Medical Insurance, Primary And Secondary School Sports Insurance, Other, Sports Insuranc
By Application
For Professional Sports, For Amateur Sports, For School Sports, Other
By Companies
Allianz, MetLife, Aviva, GEICO, Esurance, Nationwide, SADLER & Company, Pardus Holdings Limited, Baozhunniu, Sport Covers, Huize, FinanceSN, China Life Insurance, China Ping An Life Insurance, China Pacific Life Insurance, Sports Insuranc
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Sports Insurance Market Report Segments:
The global Sports Insurance market is segmented on the basis of:
Types
Sports Disability Insurance, Excess Medical Insurance, Primary And Secondary School Sports Insurance, Other, Sports Insuranc
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
For Professional Sports, For Amateur Sports, For School Sports, Other
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:
- Allianz
- MetLife
- Aviva
- GEICO
- Esurance
- Nationwide
- SADLER & Company
- Pardus Holdings Limited
- Baozhunniu
- Sport Covers
- Huize
- FinanceSN
- China Life Insurance
- China Ping An Life Insurance
- China Pacific Life Insurance
- Sports Insuranc
Highlights of The Sports 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:
- Sports Disability Insurance
- Excess Medical Insurance
- Primary And Secondary School Sports Insurance
- Other
- Sports Insuranc
- By Application:
- For Professional Sports
- For Amateur Sports
- For School Sports
- Other
- 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 Sports 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.
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- Correctly Positioning New Products
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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?
Sports insurance is a type of insurance that covers the costs associated with injuries sustained while participating in sports. This can include medical expenses, lost wages, and funeral expenses.
Some of the major companies in the sports insurance market are Allianz, MetLife, Aviva, GEICO, Esurance, Nationwide, SADLER & Company, Pardus Holdings Limited, Baozhunniu, Sport Covers, Huize, FinanceSN, China Life Insurance, China Ping An Life Insurance, China Pacific Life Insurance, Sports Insuranc.
The sports insurance market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sports Insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sports Insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sports Insurance Market - Supply Chain
4.5. Global Sports Insurance Market Forecast
4.5.1. Sports Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sports Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sports Insurance Market Absolute $ Opportunity
5. Global Sports Insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sports Insurance Market Size and Volume Forecast by Type
5.3.1. Sports Disability Insurance
5.3.2. Excess Medical Insurance
5.3.3. Primary And Secondary School Sports Insurance
5.3.4. Other
5.3.5. Sports Insuranc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sports Insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sports Insurance Market Size and Volume Forecast by Application
6.3.1. For Professional Sports
6.3.2. For Amateur Sports
6.3.3. For School Sports
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sports Insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sports Insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sports Insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sports Insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sports Insurance Demand Share Forecast, 2019-2026
9. North America Sports Insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sports Insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sports Insurance Market Size and Volume Forecast by Application
9.4.1. For Professional Sports
9.4.2. For Amateur Sports
9.4.3. For School Sports
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sports Insurance Market Size and Volume Forecast by Type
9.7.1. Sports Disability Insurance
9.7.2. Excess Medical Insurance
9.7.3. Primary And Secondary School Sports Insurance
9.7.4. Other
9.7.5. Sports Insuranc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sports Insurance Demand Share Forecast, 2019-2026
10. Latin America Sports Insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sports Insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sports Insurance Market Size and Volume Forecast by Application
10.4.1. For Professional Sports
10.4.2. For Amateur Sports
10.4.3. For School Sports
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sports Insurance Market Size and Volume Forecast by Type
10.7.1. Sports Disability Insurance
10.7.2. Excess Medical Insurance
10.7.3. Primary And Secondary School Sports Insurance
10.7.4. Other
10.7.5. Sports Insuranc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sports Insurance Demand Share Forecast, 2019-2026
11. Europe Sports Insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sports Insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sports Insurance Market Size and Volume Forecast by Application
11.4.1. For Professional Sports
11.4.2. For Amateur Sports
11.4.3. For School Sports
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sports Insurance Market Size and Volume Forecast by Type
11.7.1. Sports Disability Insurance
11.7.2. Excess Medical Insurance
11.7.3. Primary And Secondary School Sports Insurance
11.7.4. Other
11.7.5. Sports Insuranc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sports Insurance Demand Share, 2019-2026
12. Asia Pacific Sports Insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sports Insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sports Insurance Market Size and Volume Forecast by Application
12.4.1. For Professional Sports
12.4.2. For Amateur Sports
12.4.3. For School Sports
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sports Insurance Market Size and Volume Forecast by Type
12.7.1. Sports Disability Insurance
12.7.2. Excess Medical Insurance
12.7.3. Primary And Secondary School Sports Insurance
12.7.4. Other
12.7.5. Sports Insuranc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sports Insurance Demand Share, 2019-2026
13. Middle East & Africa Sports Insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sports Insurance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sports Insurance Market Size and Volume Forecast by Application
13.4.1. For Professional Sports
13.4.2. For Amateur Sports
13.4.3. For School Sports
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sports Insurance Market Size and Volume Forecast by Type
13.7.1. Sports Disability Insurance
13.7.2. Excess Medical Insurance
13.7.3. Primary And Secondary School Sports Insurance
13.7.4. Other
13.7.5. Sports Insuranc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sports Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sports Insurance Market: Market Share Analysis
14.2. Sports Insurance Distributors and Customers
14.3. Sports Insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allianz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MetLife
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aviva
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GEICO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Esurance
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nationwide
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SADLER & Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pardus Holdings Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Baozhunniu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sport Covers
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Huize
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FinanceSN
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. China Life Insurance
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. China Ping An Life Insurance
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. China Pacific Life Insurance
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sports Insuranc
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
