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Surety Market Size Worth $25.18 Bn, Globally, by 2027 Growing at 6.4%CAGR – Exclusive Study by The Insight Partners

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https://www.globenewswire.com/news-release/2022/12/22/2578442/0/en/Surety-Market-Size-Worth-25-18-Bn-Globally-by-2027-Growing-at-6-4-CAGR-Exclusive-Study-by-The-Insight-Partners.html


New York, Dec. 22, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on "Surety Market Size, Share, Report, Demand, Growth Strategy, Industry Trends and Forecast to 2027 - by Bond Type (Contract Surety Bond, Commercial Surety Bond, Fidelity Surety Bond, and Court Surety Bond)," The surety market size was valued at US$ 16.07 billion in 2019 and is projected to reach US$ 25.18 billion by 2027; it is expected to grow at a CAGR of 6.4%from 2020 to 2027.


Download Sample PDF Brochure of Surety Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPRE00002849/


Global Surety Market Report Scope, Segmentations, Regional & Country Scope:

Market Size Value inUSD 16.07 Billion in 2019Market Size Value byUSD 25.18 Billion by 2027Growth rateCAGR of 6.4% from 2020-2027Forecast Period2020-2027Base Year2020No. of Pages134No. of Tables     29No. of Charts & Figures58Historical data availableYesSegments coveredBond Type , and GeographyRegional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central AmericaCountry scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, ArgentinaReport coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trendsCompanies CoveredCRUM & FORSTER, CAN Financial Corporation, American Financial Group, Inc., The Travellers Indemnity Company, Liberty Mutual Insurance Company, The Hartford, HCC Insurance Holdings, Inc., CHUBB, AmTrust Financial Services, IFIC Security GroupKey Research CapabilitiesGlobal Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product DevelopmentGlobal Surety Market Forecast to 2028 - Latest COVID-19 Analysishttps://www.theinsightpartners.com/covid-analysis-sample/TIPRE00002849/


Global Surety Market: Competitive Landscape

AmTrust Financial Services, Inc.; Crum & Forster; CNA Financial Corporation; American Financial Group, Inc.; The Travelers Indemnity Company; Liberty Mutual Insurance Company; Hartford Financial Services Group, Inc.; HCC Insurance Holdings; IFIC Surety Group; and Chubb Limited among others.

Surety Bonds are obtained by principal parties to protect third parties from a failure to meet contractual obligations. There are four main types of bonds that serve the different purpose namely: contract surety bond, commercial surety bond, fidelity surety bond, and court surety bond. The most common surety bonds are the commercial and contract surety bond and serve the purpose of protecting the public and private interests. The court and fidelity surety bonds protect against the litigation and theft. Surety bonds of all types cost a premium based on the performance of the business and credit score of the business owner which is between 1-15% of the bond value.


Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPRE00002849/


Contract surety bonds protects the owners in case a contractor backs out after winning a bid, after the contractor wins a bid and accepts to work on the project bid bond is replaced by a performance bond. The performance surety bond protects the owner, if the work done by the contractor is not according to the terms in the contract. The payment bond ensures that the winning contractor has the financial means to compensate suppliers, laborers, and subcontractors. The contract bond captures a significant share of the surety bond market and is growing continuously due to rapid increase in construction activities in various regions like APAC, Europe, and MEA. The contract surety bonds are replacing other guarantee methods like bank guarantees and pay on demand services.

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