
Global Logistics Insurance Market Insights, Size, and Forecast By Distribution Channel (Direct Sales, Brokerage, Online Platforms, Insurance Companies), By Coverage Type (Cargo Insurance, Marine Insurance, Freight Insurance, Warehouse Insurance), By Policy Duration (Short-Term, Long-Term, Annual), By End Use (Manufacturing, Retail, E-commerce, Pharmaceuticals), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Logistics Insurance Market is projected to grow from USD 68.4 Billion in 2025 to USD 125.7 Billion by 2035, reflecting a compound annual growth rate of 7.6% from 2026 through 2035. This market encompasses the broad spectrum of insurance products designed to mitigate risks associated with the transportation, warehousing, and distribution of goods across various modes of transit. It provides financial protection against loss, damage, or liability arising from logistical operations, encompassing everything from cargo theft and natural disasters to operational errors and regulatory non-compliance. The market is primarily driven by the surging volume of global trade, the increasing complexity of supply chains, and a heightened awareness among businesses regarding potential financial losses from disruptions. The expansion of e-commerce, particularly cross-border transactions, further fuels demand for comprehensive logistics insurance solutions, as businesses seek to protect high-value goods and maintain customer satisfaction. Regulatory frameworks, while sometimes acting as restraints through stringent compliance requirements, also contribute to market growth by mandating certain levels of coverage.
Global Logistics Insurance Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
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A significant trend shaping the logistics insurance market is the growing adoption of advanced technologies such as IoT, AI, and blockchain for risk assessment, claims processing, and fraud detection. These innovations enable insurers to offer more personalized and dynamic policies, shifting towards usage-based insurance models and real-time risk management. However, market growth faces restraints from the high cost of premiums, particularly for small and medium-sized enterprises (SMEs), and a lack of standardized international regulations, which can complicate cross-border claims. Despite these challenges, substantial opportunities exist in developing customized solutions for niche industries, expanding into emerging economies, and integrating value-added services like risk consulting and supply chain visibility tools. The market is segmented by Coverage Type, End Use, Distribution Channel, and Policy Duration, with Marine Insurance currently holding the leading share, indicating its critical role in global trade.
Asia Pacific stands out as the dominant region in the global logistics insurance market, propelled by its robust manufacturing base, burgeoning trade activities, and rapid economic development, particularly in countries with significant import and export volumes. The region also represents the fastest growing market segment, driven by increasing industrialization, expanding logistics infrastructure, and a rising middle class driving consumer demand. Key players in this competitive landscape include QBE Insurance, Gallagher, Berkshire Hathaway, AXA, Allianz, Marsh McLennan, Swiss Re, Chubb, Liberty Mutual, and AIG. These companies are actively pursuing strategies such as mergers and acquisitions, strategic partnerships, and investments in digital platforms to enhance their product offerings, expand their geographical reach, and improve operational efficiency. Focus areas include developing tailored solutions for specific industries, leveraging data analytics for better underwriting, and emphasizing customer-centric approaches to provide seamless insurance experiences, thereby solidifying their market positions and capitalizing on future growth prospects.
Quick Stats
Market Size (2025):
USD 68.4 BillionProjected Market Size (2035):
USD 125.7 BillionLeading Segment:
Marine Insurance (42.5% Share)Dominant Region (2025):
Asia Pacific (38.7% Share)CAGR (2026-2035):
7.6%
What is Logistics Insurance?
Logistics insurance protects businesses from financial losses related to goods in transit and storage across supply chains. It covers risks like physical damage, theft, loss, and delays during transportation by various modes, including land, sea, and air. This specialized insurance mitigates financial exposure for shippers, carriers, and logistics providers. It ensures compensation for lost or damaged cargo, helping maintain business continuity and financial stability. Its significance lies in safeguarding investments and facilitating global trade by providing a safety net against the inherent uncertainties of moving goods worldwide.
What are the Trends in Global Logistics Insurance Market
AI Driven Risk Prediction Platforms
Parametric Insurance for Supply Chain Disruptions
Cyber Logistics Insurance Adoption Soars
Blockchain Enhanced Cargo Tracking and Claims
AI Driven Risk Prediction Platforms
AI driven platforms analyze vast logistics data to proactively identify risks like route disruptions or cargo damage. This allows insurers to offer dynamic pricing and develop tailored policies based on real time probabilities of loss. The trend enhances risk assessment accuracy and operational efficiency for both underwriters and clients, leading to more precise coverage and potentially lower premiums.
Parametric Insurance for Supply Chain Disruptions
Parametric insurance is gaining traction, offering predefined payouts triggered by measurable events like severe weather or port congestion, not actual losses. This accelerates claims, providing swift capital to mitigate supply chain disruptions. Its transparency and speed are particularly attractive, simplifying complex loss adjustments and improving resilience for logistics companies worldwide.
Cyber Logistics Insurance Adoption Soars
Cyber logistics insurance adoption soars as companies increasingly recognize digital risks in supply chains. Growing reliance on automation, data exchange, and smart technologies necessitates robust protection against cyberattacks, data breaches, and system failures. This surge reflects a proactive approach to mitigate financial losses and operational disruptions from sophisticated cyber threats impacting global logistics infrastructure and sensitive information.
Blockchain Enhanced Cargo Tracking and Claims
Blockchain enhances cargo tracking providing immutable, real time visibility from origin to destination. This transparency reduces fraud, speeds up claims processing, and mitigates risks associated with lost or damaged goods. Insurers gain verifiable data for accurate underwriting and faster settlements, improving efficiency and trust within the global logistics insurance market.
What are the Key Drivers Shaping the Global Logistics Insurance Market
Rising E-commerce Volumes & Supply Chain Complexity
Increased Geopolitical Risks & Natural Catastrophes
Growing Adoption of IoT & Data Analytics in Logistics
Expansion of International Trade & Cross-Border Shipments
Rising E-commerce Volumes & Supply Chain Complexity
E-commerce growth escalates cargo movement and diverse product handling. This introduces intricate global supply chains, increasing risks like theft, damage, and transit delays across multiple touchpoints. Insurers face greater exposure from varied transport modes, storage locations, and last mile delivery challenges, thus driving demand for comprehensive logistics insurance solutions.
Increased Geopolitical Risks & Natural Catastrophes
Escalating geopolitical tensions like trade wars and regional conflicts disrupt supply chains, increasing cargo loss and damage. Simultaneously, the rising frequency and severity of natural disasters such as floods, hurricanes, and earthquakes cause widespread disruptions and property destruction. Both factors heighten the risk profile for goods in transit and storage, driving demand for comprehensive global logistics insurance coverage.
Growing Adoption of IoT & Data Analytics in Logistics
Widespread embrace of IoT and data analytics in logistics boosts demand for specialized insurance. Real time tracking, predictive analytics, and automated risk assessments improve supply chain visibility and safety. This reduces incidents but also creates new cyber and data breach risks requiring tailored coverage. Insurers are developing innovative products for these evolving technological landscapes.
Expansion of International Trade & Cross-Border Shipments
Increased globalization and interconnected economies fuel a surge in goods moving across borders. This expanded international trade necessitates robust insurance coverage for various risks during transit. Businesses seek protection against damage loss theft and delays for their valuable cargo shipments. The volume and complexity of cross border logistics directly drive demand for comprehensive global logistics insurance solutions to mitigate financial exposures.
Global Logistics Insurance Market Restraints
Geopolitical Instability and Trade Disruptions
Geopolitical instability, such as wars, sanctions, and political unrest, significantly constrains the global logistics insurance market. These events increase the frequency and severity of claims related to cargo damage, loss, and delayed deliveries. Trade disruptions stemming from these tensions, like blockades or route closures, force insurers to reassess risk profiles and premium rates. This heightened uncertainty makes risk assessment more complex and drives up operational costs for insurers, potentially limiting their willingness to underwrite certain high-risk routes or goods, thereby restricting market growth.
Lack of Standardized Global Regulatory Frameworks
The absence of uniform global rules for logistics insurance creates significant challenges. Differing national regulations on cargo liability, policy wording, and claims procedures lead to fragmentation. This lack of standardization complicates cross border coverage, increases compliance costs for insurers and businesses, and creates legal uncertainties. It hinders the development of consistent, efficient, and innovative insurance products, ultimately limiting market growth and adding complexity for all participants navigating international supply chains.
Global Logistics Insurance Market Opportunities
AI-Powered & Parametric Insurance for Enhanced Global Supply Chain Resilience
AI-powered parametric insurance offers a crucial opportunity in global logistics. It enables precise, real time risk assessment using artificial intelligence, moving beyond traditional models. Parametric triggers, based on verifiable events like severe weather or port congestion, ensure automatic, swift payouts. This significantly enhances supply chain resilience by providing immediate financial liquidity, minimizing operational disruptions, and stabilizing trade flows for logistics providers globally. It addresses the growing need for agile, transparent, and responsive insurance solutions in complex global trade.
Specialized Cyber-Physical & IoT Risk Coverage for Automated Logistics Networks
The surge in automated logistics, integrating IoT and cyber physical systems, creates a vital need for specialized insurance. This opportunity centers on developing tailored coverage for unique risks within smart warehouses, autonomous vehicles, and robotic operations. Policies must address operational technology cyberattacks, data integrity breaches, and system malfunctions that cause physical damage or widespread disruption. Insurers can protect businesses from substantial financial losses and operational interruptions across these advanced, interconnected networks.
Global Logistics Insurance Market Segmentation Analysis
Key Market Segments
By Coverage Type
- •Cargo Insurance
- •Marine Insurance
- •Freight Insurance
- •Warehouse Insurance
By End Use
- •Manufacturing
- •Retail
- •E-commerce
- •Pharmaceuticals
By Distribution Channel
- •Direct Sales
- •Brokerage
- •Online Platforms
- •Insurance Companies
By Policy Duration
- •Short-Term
- •Long-Term
- •Annual
Segment Share By Coverage Type
Share, By Coverage Type, 2025 (%)
- Cargo Insurance
- Marine Insurance
- Freight Insurance
- Warehouse Insurance

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Why is Marine Insurance dominating the Global Logistics Insurance Market?
Marine Insurance holds the largest share due to its fundamental role in facilitating international trade. The vast majority of global goods transport occurs via sea, making marine voyages inherently susceptible to a wide array of risks including natural disasters, piracy, collision, and cargo damage. This segment encompasses both hull and machinery insurance for vessels and cargo insurance for goods, reflecting the critical need for comprehensive protection across complex global supply chains. Its dominance underscores the reliance on maritime shipping as the backbone of international commerce.
How do varying End Use segments influence demand for logistics insurance?
Different End Use sectors exhibit distinct risk profiles and insurance requirements, shaping demand patterns. Manufacturing industries, for instance, prioritize coverage for raw materials, finished goods, and supply chain disruptions. Retail and E-commerce segments increasingly require robust last mile delivery protection and transit coverage for high volume, often smaller value shipments. Pharmaceuticals demand specialized insurance for temperature controlled logistics and high value, sensitive products, reflecting unique industry specific vulnerabilities and regulatory compliance needs across diverse goods.
What role do Distribution Channels play in shaping the logistics insurance landscape?
Distribution channels significantly impact how logistics insurance is accessed and tailored to client needs. Brokerage remains a vital channel, especially for complex, multi modal logistics operations requiring customized risk assessment and policy negotiation. Direct sales and insurance companies themselves cater to larger enterprises with established relationships. Online platforms are emerging, offering more streamlined access for standardized policies, particularly appealing to smaller businesses or for less complex freight. This multi channel approach ensures varied client demands are met across the market spectrum.
What Regulatory and Policy Factors Shape the Global Logistics Insurance Market
The global logistics insurance market operates within a complex web of national and international regulations. International transport conventions like CMR and Hague Visby heavily influence liability frameworks, directly impacting insurance requirements. Geopolitical policies, including trade sanctions and embargoes, significantly alter insurable risks and market accessibility. Data privacy mandates, such as GDPR, impact information sharing for claims and underwriting. Emerging cybersecurity regulations necessitate specific coverages and compliance measures. Furthermore, varying national insurance solvency rules, customs policies, and increasing ESG considerations influence underwriting practices and product development. Digitalization initiatives across borders introduce new regulatory challenges for electronic documentation and fraud prevention, demanding adaptable policy responses.
What New Technologies are Shaping Global Logistics Insurance Market?
IoT sensors and telematics revolutionize risk assessment offering real time cargo visibility and condition monitoring. Artificial intelligence and machine learning drive predictive analytics enabling dynamic pricing and proactive loss prevention. Blockchain ensures secure transparent transactions and smart contract automation streamlining claims and reducing administrative overhead. Drone technology supports rapid damage assessment in remote areas. Parametric insurance solutions triggered by predefined events are emerging. These advancements are boosting market efficiency and enhancing customer trust creating bespoke coverage options for complex supply chains. Digital platforms integrate these technologies for seamless policy management and instant claims resolution. This tech integration is key to future market expansion.
Global Logistics Insurance Market Regional Analysis
Global Logistics Insurance Market
Trends, by Region

Asia-Pacific Market
Revenue Share, 2025
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North America dominates the Global Logistics Insurance Market due to its advanced infrastructure, high trade volumes, and strong regulatory frameworks. The region's robust e-commerce growth and expanding supply chains further fuel demand for comprehensive cargo, marine, and liability coverages. Key drivers include rising geopolitical risks, increasing digitalization in logistics, and the need for sophisticated risk management solutions. The presence of major logistics hubs and a mature insurance market with specialized offerings ensures significant market share. Technology adoption, particularly IoT and data analytics, is enhancing risk assessment and policy customization, solidifying North America's leadership.
Europe's logistics insurance market, a mature and complex landscape, reflects its diverse economies and robust trade. Western Europe dominates, driven by sophisticated supply chains, high-value goods, and stringent regulations like IMO 2020 and evolving cyber threats. Germany and the UK lead in policy innovation and capacity. Eastern Europe, while smaller, exhibits faster growth due to expanding manufacturing and e-commerce, attracting new entrants. Challenges include climate change impacts on routes, geopolitical instability, and increasing digitalization requiring enhanced cyber-risk coverage. Insurers are adapting with tailored solutions for multimodal transport, last-mile delivery, and parametric insurance.
Asia Pacific dominates the global logistics insurance market with a 38.7% share, demonstrating robust expansion. This region is also the fastest growing, projected to achieve an impressive 11.2% CAGR. Rapid industrialization, booming e-commerce, and increasing international trade across countries like China, India, Japan, and Southeast Asian nations are key drivers. The escalating value and volume of goods in transit necessitate comprehensive insurance coverage, propelling market growth. Furthermore, the rise of sophisticated supply chains and evolving risk landscapes, including natural disasters and geopolitical tensions, underscore the critical role of logistics insurance in safeguarding regional trade and economic stability.
Latin America's logistics insurance market is characterized by diverse risks and growth opportunities. Brazil leads in market size due to its vast geography and extensive trade networks, yet faces significant cargo theft and infrastructure challenges. Mexico, a major manufacturing and trade hub, sees demand driven by nearshoring trends but grapples with organized crime and cross-border risks. Andean nations (Colombia, Peru, Chile) experience growth tied to natural resources and e-commerce, with political instability and natural disasters posing unique threats. Central America and the Caribbean, though smaller, show potential with port developments and trade agreements, emphasizing tailored coverage for specific commodities and transit routes amidst varying political stability and natural disaster exposures.
The Middle East & Africa (MEA) logistics insurance market is experiencing dynamic growth, driven by burgeoning trade routes, infrastructure development, and e-commerce expansion. The UAE and Saudi Arabia lead in market sophistication, fueled by ambitious logistics hubs and economic diversification. Africa's market, while nascent, shows high potential due to rising intra-continental trade, urbanization, and improving regulatory frameworks. However, geopolitical risks, varying regulatory landscapes, and limited specialized insurance penetration in some regions present challenges. Increased demand for risk mitigation against cargo damage, political violence, and supply chain disruptions is a key growth driver across MEA, attracting significant insurer interest.
Top Countries Overview
The United States global logistics insurance market is expanding due to increased trade and supply chain complexities. Insurers offer tailored coverage for cargo, operations, and cyber risks. Technology like AI and blockchain enhances risk assessment and claims processing, reflecting a dynamic and competitive landscape.
China's Belt and Road Initiative fuels its significant role in global logistics insurance. Insurers face high demand covering vast infrastructure and trade. Regulatory changes and foreign firm participation shape this evolving market. Catastrophic risks and geopolitical factors are key concerns.
India's logistics insurance market is growing, driven by trade expansion and infrastructure development. Underwriters face challenges like varied cargo types and road networks. Innovation in risk assessment and digital platforms is crucial for meeting demand and managing complex global supply chain risks efficiently.
Impact of Geopolitical and Macroeconomic Factors
Geopolitical tensions, particularly in the South China Sea and Eastern Europe, drive demand for war, terrorism, and political risk insurance. Supply chain disruptions from trade wars and cybersecurity threats elevate cargo and contingent liability premiums. Climate change induced extreme weather events increase claims related to perishable goods and infrastructure damage across maritime and terrestrial logistics.
Macroeconomic factors like inflation raise replacement costs for damaged goods and vehicles, impacting underwriting profitability. Rising interest rates affect capital deployment for insurers and freight forwarders. Global economic slowdowns reduce trade volumes, potentially softening premium growth, but concurrently amplify credit risk exposure for trade credit insurance.
Recent Developments
- March 2025
Gallagher announced a strategic partnership with a leading AI-driven risk analytics firm. This collaboration aims to enhance their cargo insurance offerings by providing predictive insights into supply chain disruptions and optimizing risk assessment for clients.
- January 2025
QBE Insurance launched a new 'Parametric Marine Cargo' insurance product. This innovative offering provides automatic payouts based on pre-defined triggers like port congestion delays or specific weather events, streamlining claims processes and increasing certainty for policyholders.
- February 2025
AXA completed its acquisition of a specialized digital freight insurance platform. This move strengthens AXA's technological capabilities in the logistics insurance sector, allowing for more personalized and on-demand insurance solutions for small to medium-sized enterprises.
- April 2025
Allianz initiated a global strategic initiative focused on 'Green Logistics Insurance'. This program offers preferential rates and enhanced coverage for companies demonstrating strong commitments to sustainable shipping practices and environmentally friendly supply chains.
- May 2025
Marsh McLennan announced a significant expansion of its 'Cyber Resilience for Logistics' consultancy services. This initiative aims to help logistics companies identify, mitigate, and insure against growing cyber threats to their operational technology and data, which are increasingly crucial in complex supply chains.
Key Players Analysis
The global logistics insurance market is shaped by prominent players like QBE Insurance, Gallagher, Berkshire Hathaway, AXA, and Allianz, offering comprehensive coverage for risks in the supply chain. Marsh McLennan and Swiss Re excel in brokerage and reinsurance, leveraging advanced analytics and AI for risk assessment. Strategic initiatives include developing parametric insurance solutions and incorporating real time IoT data for dynamic pricing. Market growth is driven by increasing global trade, supply chain complexities, and the rising demand for specialized insurance products to mitigate risks such as natural disasters, cyber threats, and geopolitical instability. Chubb, Liberty Mutual, and AIG further strengthen the market with their extensive global networks and diverse product portfolios.
List of Key Companies:
- QBE Insurance
- Gallagher
- Berkshire Hathaway
- AXA
- Allianz
- Marsh McLennan
- Swiss Re
- Chubb
- Liberty Mutual
- AIG
- Sedgwick
- CNA Financial
- Zurich Insurance Group
- Hiscox
- Travelers
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 68.4 Billion |
| Forecast Value (2035) | USD 125.7 Billion |
| CAGR (2026-2035) | 7.6% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 2: Global Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 3: Global Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 4: Global Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 5: Global Logistics Insurance Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 7: North America Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 8: North America Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 9: North America Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 10: North America Logistics Insurance Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 12: Europe Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 13: Europe Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 14: Europe Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 15: Europe Logistics Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 17: Asia Pacific Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 18: Asia Pacific Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 19: Asia Pacific Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 20: Asia Pacific Logistics Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 22: Latin America Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 23: Latin America Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 24: Latin America Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 25: Latin America Logistics Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Logistics Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 27: Middle East & Africa Logistics Insurance Market Revenue (USD billion) Forecast, by End Use, 2020-2035
Table 28: Middle East & Africa Logistics Insurance Market Revenue (USD billion) Forecast, by Distribution Channel, 2020-2035
Table 29: Middle East & Africa Logistics Insurance Market Revenue (USD billion) Forecast, by Policy Duration, 2020-2035
Table 30: Middle East & Africa Logistics Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
