How big is the logistics insurance market | Suppliers 2025

How big is the logistics insurance market?

The market growth is driven by the increasing complexity of global supply chains, rising cross-border trade, higher risks of cargo theft and damage, and the growing reliance on e-commerce and third-party logistics providers.

Key Growth Drivers of the Logistics Insurance Market

• Rising demand for protection against theft, accidents, and natural disasters in logistics
• Growing cross-border trade and globalization of supply chains
• Expansion of e-commerce and last-mile delivery operations
• Stricter regulations for international shipping and cargo safety
• Adoption of digital platforms for insurance claims and risk assessment

Logistics Insurance Market Trends

The logistics insurance market is witnessing trends such as the integration of digital technologies like blockchain, IoT, and AI for risk monitoring, claims processing, and fraud detection. Special policies that specifically fit businesses of SMEs, online retailers and specialised logistics are gaining popularity. Markets are also shifting to parametric insurance models that provide quick payment and much-needed insurance companies strategic alliances with logistics services companies to offer bundled insurance cover.

Emerging Developments in the Logistics Insurance Market

The logistics insurance market is undergoing developments such as increased investment in Insurtech platforms, introduction of on-demand and usage-based insurance products, and the expansion of coverage to include cyber risks in logistics. Such interactions between shipping firms and insurers are contributing to process efficiency and predictive analytics through AI are helping improve risk management. Insurance adoption to enhance the resilience of global trade is also being highlighted by governments and regulators.

List of Leading Companies in the Logistics Insurance Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Allianz SE

Allianz offers comprehensive logistics and marine insurance solutions, covering cargo, freight, and supply chain risks with global expertise and strong financial backing.

2. Axa S.A.

AXA provides logistics and cargo insurance solutions, including risk management and claims services, ensuring protection for transportation and supply chain operations worldwide.

3. Zurich Insurance Group Ltd.

Zurich delivers global logistics insurance offerings, covering cargo, liability, and marine risks, helping businesses mitigate financial losses in complex supply chain networks.

4. Chubb Limited

Chubb specializes in logistics and marine insurance, providing coverage for cargo, freight forwarding, and international transport with tailored risk assessment services.

5. Tokio Marine Holdings, Inc.

Tokio Marine is a leading logistics insurance provider, offering marine cargo, transit, and liability coverage to safeguard global shipping and logistics operations.

6. American International Group, Inc. (AIG)

AIG offers cargo and logistics insurance, including marine, aviation, and supply chain risk management solutions, ensuring global businesses receive comprehensive protection.

7. The Travelers Companies, Inc.

Travelers provides logistics insurance covering cargo, transport liability, and inland marine operations, supporting logistics companies with robust risk coverage solutions.

8. Lloyds of London

Lloyd’s offers specialized logistics and marine insurance through its syndicate marketplace, providing tailored risk-sharing and coverage solutions for complex global trade routes.

9. Sompo Holdings, Inc.

Sompo provides logistics and marine cargo insurance, protecting shipments, freight forwarding, and global supply chains with expertise in international transport risks.

10. CNA Financial Corporation

CNA offers cargo and logistics insurance, including marine transit and freight liability coverage, ensuring businesses maintain supply chain continuity and financial security.

How big is the logistics insurance market :FAQs