Cargo Transportation Insurance Market — Industry Overview and Outlook

Overview

The Cargo Transportation Insurance market provides coverage for goods transported by land, air, sea, or multimodal logistics networks. The insurance protects shippers, freight operators, importers/exporters, and logistics service providers against losses or damage due to accidents, theft, natural disasters, handling errors, and other transport-related risks.As global trade expands and supply chains grow more complex, cargo insurance has become essential for risk mitigation and business continuity.

Market Drivers

1. Global Trade Growth and Cross-Border Logistics

Rising import-export volumes and expanding international trade agreements are increasing the need for cargo insurance to protect goods in transit across multiple territories.

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