Freight Forwarders Secure Unbeatable Cargo Insurance Quote Now
Real-World Examples and Data
According to a report by Allied Market Research, the global cargo insurance market is expected to reach $70.8 billion by 2027, growing at a CAGR of 3.1% from 2020 to 20271. This growth is driven by the increasing volume of international trade and the rising demand for safety and security of high-value goods. Furthermore, a survey conducted by the International Union of Marine Insurance revealed that cargo insurance claims accounted for approximately 50% of the total marine insurance claims in 20192.