Logistics Insurance Market Size, Share, Growth, and Industry Analysis, By Types (Marine Cargo Insurance,Inland Transit Insurance,Freight Forwarder Liability Insurance,Warehouse Insurance) , Applications (International Trade,Domestic Transportation,E-commerce Logistics) and Regional Insights and Forecast to 2034

Logistics Insurance Market Size

The Global Logistics Insurance Market size was USD 58.19 billion in 2024 and is projected to touch USD 60.89 billion in 2025 to USD 81.12 billion by 2034, exhibiting a CAGR of 3.24% during the forecast period (2025-2034). With North America accounting for 34% of the global market in 2025, Europe for 28%, Asia-Pacific for 25%, and Middle East & Africa for 13%, regional dynamics play a significant role in shaping investment strategies and competitive positioning.

The US Logistics Insurance Market is set to grow steadily, holding a 60.6% share of the North American market in 2025, driven by 49% of logistics companies expanding risk coverage for e-commerce, 44% adopting cyber insurance, and 38% enhancing inland freight protection. Increasing demand from manufacturing exports and intermodal logistics services is also fueling growth.

Key Findings

• Market Size: $58.19 billion (2024), $60.89 billion (2025), $81.12billion (2034), CAGR 3.24% - The market is expanding steadily with balanced regional contributions.
• Growth Drivers: Over 63% expansion in insured freight movement, 58% increase in AI adoption, 47% uptake in multi-modal insurance coverage.
• Trends: 52% AI-powered pricing models, 46% cyber protection add-ons, 29% parametric insurance adoption, 41% short-term policy rollouts.
• Key Players: Allianz SE, AXA SA, Zurich Insurance Group, Chubb Limited, Tokio Marine Holdings & more.
• Regional Insights: North America 34%, Europe 28%, Asia-Pacific 25%, Middle East & Africa 13% — each region showing distinctive product adoption patterns.
• Challenges: 49% face compliance constraints, 39% have integration complexity, 34% lack cybersecurity readiness.
• Industry Impact: 61% insurers digitalizing issuance, 54% deploying AI claims systems, 44% targeting ESG-aligned coverage.
• Recent Developments: 42% faster AI claim settlements, 28% fraud reduction from blockchain policies, 35% uptake in weather-triggered payouts.

The Logistics Insurance Market is rapidly transforming as 61% of global insurers adopt AI-driven claims automation, improving settlement speed by 48% and accuracy by 42%. Around 46% of underwriters are expanding cyber-risk protection for supply chains, while 37% introduce blockchain-backed policy verification systems. E-commerce growth fuels 53% higher demand for freight coverage, and 44% of clients seek ESG-compliant insurance options. Cross-border trade expansion, coupled with 39% increase in multimodal transportation policies, is redefining competitive landscapes. The rise in parametric models, currently adopted by 29% of providers, ensures faster payouts for climate-related disruptions, strengthening client trust and market positioning.

Logistics Insurance Market Trends

The Logistics Insurance Market is undergoing significant transformation due to globalization, digitalization, and evolving trade risk profiles. Increasing global trade volumes have resulted in 67% of logistics companies reporting a higher demand for comprehensive risk coverage that spans land, sea, and air transportation. With cross-border e-commerce accounting for 54% of new logistics contracts, insurers are designing multi-modal coverage plans that address cargo theft, damage, and delay risks. Approximately 61% of freight forwarders now prioritize policies with real-time tracking and digital claims processing, improving operational transparency by over 48%. Marine cargo insurance dominates with a 46% share, followed by inland transit insurance at 33%, reflecting the diversity of coverage across industries. Additionally, 59% of policyholders seek climate-related disruption coverage, while 42% emphasize protection against geopolitical risks. Industry research shows 53% of logistics insurance providers are integrating AI-based claims automation, reducing settlement time by more than 36%, and 38% have deployed IoT-enabled cargo monitoring for proactive risk prevention. Emerging trends such as blockchain-based document verification, adopted by 29% of insurers, are expected to further streamline international shipping claims. As supply chain networks become more interconnected, over 49% of corporate clients are demanding customized, bundled insurance solutions spanning multiple geographies, signaling a shift toward integrated policy ecosystems.

Logistics Insurance Market Dynamics

DRIVERS

Rising need for comprehensive supply chain coverage

Over 65% of shippers are seeking integrated logistics insurance solutions that cover multiple transport modes, with 58% citing increased supply chain disruptions as the main driver. Furthermore, 47% of logistics operators have expanded insurance contracts to include warehouse storage and last-mile delivery. Industry experts highlight that 44% of insurers are creating dynamic risk assessment models, enabling real-time premium adjustments based on cargo location and condition, which is driving adoption among high-value goods shippers.

OPPORTUNITY

Expansion through digital insurance platforms

With 49% of logistics insurers adopting online policy issuance and claims management, the digital channel offers significant growth opportunities. Nearly 44% of SMEs prefer online insurance for faster processing, while 39% demand usage-based pricing models powered by IoT tracking data. Industry reports indicate that 33% of providers are exploring API integration with logistics management systems, enabling automatic insurance activation when shipments are booked. This trend is expected to attract the 37% of logistics companies that have yet to automate their insurance procurement process.

RESTRAINTS

"Complex international regulatory frameworks"

About 57% of logistics insurers face delays in policy execution due to differing regulatory requirements across jurisdictions, while 46% struggle with variations in liability limits for cross-border trade. Additionally, 41% report rising compliance costs linked to evolving customs and trade documentation rules. Studies reveal that 34% of insurers find it challenging to maintain compliance across multiple regions without dedicated legal and regulatory teams, and 28% are investing in AI compliance monitoring tools to streamline these processes.

CHALLENGE

"Rising claims from extreme weather events"

Over 52% of marine cargo claims are now tied to extreme weather events, with 43% of logistics insurers seeing a surge in payouts due to port closures and vessel delays. Additionally, 37% note higher claim frequencies from inland transport disruptions caused by flooding and storms. Climate modeling indicates that 29% of global trade routes face high disruption risk annually, pushing insurers to develop parametric insurance products that automatically trigger payouts when certain weather thresholds are met, reducing settlement disputes by over 31%.

Segmentation Analysis

The Global Logistics Insurance Market size was USD 68.45 billion in 2024 and is projected to touch USD 71.92 billion in 2025 to USD 94.16 billion by 2034, exhibiting a CAGR of 3.06% during the forecast period (2025-2034). Segmentation is primarily based on type and application, with each segment showing distinct growth trends. Marine Cargo Insurance accounts for 42% of the market, followed by Inland Transit Insurance at 27%, Freight Forwarder Liability Insurance at 18%, and Warehouse Insurance at 13%. On the application side, International Trade leads with a 49% share, while Domestic Transportation holds 33% and E-commerce Logistics covers 18% of the global share.

By Type

Marine Cargo Insurance

Marine Cargo Insurance dominates due to its extensive coverage for international shipments, representing 42% of the global Logistics Insurance Market in 2025. This segment benefits from rising global maritime trade, accounting for over 90% of worldwide goods movement. Risk protection for theft, damage, and delays makes it the most preferred coverage option among exporters and freight companies.

Marine Cargo Insurance Market Size, revenue in 2025 Share and CAGR for Marine Cargo Insurance: Marine Cargo Insurance held the largest share in the Logistics Insurance Market, accounting for USD 30.21 billion in 2025, representing 42% of the total market. This segment is expected to grow at a CAGR of 3.21% from 2025 to 2034, driven by increased containerization, digital tracking, and specialized high-value cargo coverage.

Major Dominant Countries in the Marine Cargo Insurance Segment

• China led the Marine Cargo Insurance segment with a market size of USD 6.78 billion in 2025, holding a 22.4% share and expected to grow at a CAGR of 3.4% due to export dominance.
• United States held USD 5.64 billion in 2025, capturing an 18.7% share, driven by strong import-export volumes and advanced claims processing systems.
• Germany reached USD 4.12 billion in 2025, holding a 13.6% share, supported by its position as Europe’s largest logistics hub.

Inland Transit Insurance

Inland Transit Insurance covers goods moved over land by trucks, trains, and internal waterways, accounting for 27% of the market in 2025. Its growth is fueled by rising domestic freight activity and the expansion of just-in-time delivery systems across emerging economies.

Inland Transit Insurance Market Size, revenue in 2025 Share and CAGR: Inland Transit Insurance represented USD 19.42 billion in 2025, holding a 27% share of the market, and is expected to grow at a CAGR of 2.84% between 2025 and 2034, supported by e-commerce growth and improved regional logistics infrastructure.

Major Dominant Countries in the Inland Transit Insurance Segment

• India recorded USD 4.23 billion in 2025, holding a 21.8% share due to rapid road freight growth.
• United States reached USD 3.92 billion in 2025, with a 20.2% share driven by interstate trucking networks.
• Brazil posted USD 2.88 billion in 2025, holding a 14.8% share, supported by domestic supply chain expansion.

Freight Forwarder Liability Insurance

Freight Forwarder Liability Insurance safeguards service providers from legal claims related to cargo damage, delays, or losses, representing 18% of the Logistics Insurance Market in 2025. This coverage is gaining importance due to stricter international trade laws.

Freight Forwarder Liability Insurance Market Size, revenue in 2025 Share and CAGR: This segment accounted for USD 12.94 billion in 2025, with an 18% market share, and is expected to grow at a CAGR of 3.12% during 2025–2034, driven by risk diversification and regulatory compliance needs.

Major Dominant Countries in the Freight Forwarder Liability Insurance Segment

• United Kingdom posted USD 3.14 billion in 2025, with a 24.3% share due to its strong freight forwarding industry.
• China accounted for USD 2.87 billion in 2025, with a 22.2% share driven by its export-oriented economy.
• Singapore recorded USD 2.15 billion in 2025, holding a 16.6% share due to its role as a global logistics hub.

Warehouse Insurance

Warehouse Insurance provides protection against losses from theft, fire, or damage during storage, representing 13% of the Logistics Insurance Market in 2025. Demand is growing with the rise of third-party logistics providers offering warehousing services.

Warehouse Insurance Market Size, revenue in 2025 Share and CAGR: Warehouse Insurance generated USD 9.35 billion in 2025, with a 13% market share, and is projected to grow at a CAGR of 2.91% between 2025 and 2034, fueled by expansion in urban warehousing and cold storage facilities.

Major Dominant Countries in the Warehouse Insurance Segment

• United States held USD 2.41 billion in 2025, with a 25.8% share due to extensive warehousing infrastructure.
• China recorded USD 2.09 billion in 2025, with a 22.3% share supported by e-commerce warehousing growth.
• Japan posted USD 1.18 billion in 2025, holding a 12.6% share, driven by automation in storage facilities.

By Application

International Trade

International Trade applications dominate the Logistics Insurance Market with a 49% share in 2025, covering cross-border shipment protection against political, environmental, and operational risks.

International Trade Market Size, revenue in 2025 Share and CAGR: International Trade held USD 35.24 billion in 2025, representing 49% of the market, expected to grow at a CAGR of 3.18% driven by globalization and increasing free trade agreements.

Major Dominant Countries in the International Trade Segment

• China led with USD 8.19 billion in 2025, holding a 23.2% share due to export dominance.
• United States accounted for USD 7.14 billion in 2025, with a 20.2% share.
• Germany posted USD 4.93 billion in 2025, holding a 14% share.

Domestic Transportation

Domestic Transportation accounts for 33% of the Logistics Insurance Market in 2025, driven by robust national freight networks.

Domestic Transportation Market Size, revenue in 2025 Share and CAGR: This segment generated USD 23.73 billion in 2025, with a 33% share, growing at a CAGR of 2.89% on the back of rising e-commerce and regional supply chain optimization.

Major Dominant Countries in the Domestic Transportation Segment

• United States held USD 6.18 billion in 2025, with a 26% share.
• India recorded USD 5.27 billion in 2025, with a 22.2% share.
• Brazil posted USD 3.42 billion in 2025, holding a 14.4% share.

E-commerce Logistics

E-commerce Logistics holds an 18% share in 2025, fueled by rapid online retail growth and demand for last-mile delivery insurance coverage.

E-commerce Logistics Market Size, revenue in 2025 Share and CAGR: This segment generated USD 12.94 billion in 2025, with an 18% share, expected to grow at a CAGR of 3.24% due to faster shipping demands and package theft coverage needs.

Major Dominant Countries in the E-commerce Logistics Segment

• China led with USD 3.92 billion in 2025, holding a 30.3% share.
• United States posted USD 3.16 billion in 2025, with a 24.4% share.
• United Kingdom recorded USD 1.88 billion in 2025, holding a 14.5% share.

Logistics Insurance Market Regional Outlook

The Global Logistics Insurance Market size was USD 58.19 billion in 2024 and is projected to touch USD 60.89 billion in 2025 to USD 81.12 billion by 2034, exhibiting a CAGR of 3.24% during the forecast period (2025-2034). Regionally, North America holds the largest share at 34%, followed by Europe at 28%, Asia-Pacific at 25%, and Middle East & Africa at 13%, collectively accounting for 100% of the market share in 2025.

North America

North America remains the largest market for Logistics Insurance due to high freight movement, strong regulatory frameworks, and advanced risk management technologies. The region accounts for 34% of the total market share in 2025, driven by cross-border trade with Canada and Mexico, as well as extensive warehousing infrastructure in the United States.

North America Market Size, Share: North America held USD 24.45 billion in 2025, representing 34% of the total market, driven by strong intermodal logistics growth, high-value cargo protection, and increasing demand for cyber insurance integration in freight coverage.

North America - Major Dominant Countries in the Logistics Insurance Market

• United States led the region with USD 14.82 billion in 2025, holding a 60.6% share due to extensive domestic and international freight coverage needs.
• Canada recorded USD 5.16 billion in 2025, with a 21.1% share, supported by its trade reliance with the U.S. and Europe.
• Mexico posted USD 4.47 billion in 2025, holding an 18.3% share, driven by manufacturing exports and nearshoring trends.

Europe

Europe is the second-largest market for Logistics Insurance, holding a 28% share in 2025, boosted by its integrated cross-border transport systems and growing e-commerce trade. The region benefits from comprehensive marine, inland, and warehousing insurance adoption across the EU.

Europe Market Size, Share: Europe accounted for USD 20.13 billion in 2025, representing 28% of the global market, driven by the expansion of green logistics corridors, intermodal freight hubs, and robust insurance compliance standards.

Europe - Major Dominant Countries in the Logistics Insurance Market

• Germany led with USD 6.42 billion in 2025, holding a 31.9% share due to its role as a central EU logistics hub.
• United Kingdom posted USD 5.37 billion in 2025, with a 26.7% share, supported by strong maritime and freight forwarding sectors.
• France recorded USD 4.18 billion in 2025, holding a 20.8% share due to diversified export industries.

Asia-Pacific

Asia-Pacific holds a 25% share in 2025, driven by expanding manufacturing hubs, rapid e-commerce penetration, and international shipping dominance. Demand is particularly strong in China, Japan, and India due to high export-import volumes.

Asia-Pacific Market Size, Share: Asia-Pacific accounted for USD 17.98 billion in 2025, representing 25% of the market, supported by large-scale maritime shipments, rising inland freight insurance adoption, and increasing trade agreements.

Asia-Pacific - Major Dominant Countries in the Logistics Insurance Market

• China led with USD 6.44 billion in 2025, holding a 35.8% share, driven by export manufacturing.
• Japan recorded USD 4.12 billion in 2025, with a 22.9% share due to advanced shipping insurance systems.
• India posted USD 3.58 billion in 2025, holding a 19.9% share, supported by logistics infrastructure modernization.

Middle East & Africa

Middle East & Africa accounts for 13% of the global Logistics Insurance Market in 2025, with demand rising due to infrastructure investment, oil & gas exports, and regional trade corridor development.

Middle East & Africa Market Size, Share: The region recorded USD 9.36 billion in 2025, representing 13% of the total market, fueled by growing port expansions, free trade zones, and increased risk coverage for high-value commodities.

Middle East & Africa - Major Dominant Countries in the Logistics Insurance Market

• United Arab Emirates posted USD 3.24 billion in 2025, holding a 34.6% share due to its role as a shipping and air freight hub.
• Saudi Arabia recorded USD 2.88 billion in 2025, with a 30.8% share driven by oil exports and industrial projects.
• South Africa held USD 1.92 billion in 2025, capturing a 20.5% share, supported by mining exports and port modernization.

List of Key Logistics Insurance Market Companies Profiled

Investment Analysis and Opportunities in Logistics Insurance Market

The investment landscape for the Logistics Insurance Market is being shaped by rising global trade volumes, with over 63% of shipping companies increasing their insurance coverage budgets in 2025. Approximately 58% of logistics firms are prioritizing investments in risk management technologies, including AI-based claims processing and blockchain-enabled policy verification. Cross-border e-commerce growth, which now accounts for 41% of insured shipments, is driving opportunities for tailored micro-insurance solutions. Furthermore, 47% of freight forwarders report interest in expanding multi-modal insurance packages covering sea, air, and road transport simultaneously. Emerging markets represent a key focus, with 39% of insurers targeting Asia-Pacific and 33% aiming at the Middle East & Africa for long-term expansion. Sustainability-driven investments are also notable, as 44% of large insurers explore coverage for low-carbon shipping and green logistics projects, aligning with ESG goals.

New Products Development

Product innovation in the Logistics Insurance Market is accelerating, with 52% of insurers launching AI-powered dynamic pricing models that adjust premiums in real-time based on shipment risk levels. About 46% of new products include cyber-risk add-ons to protect against supply chain data breaches, reflecting the increasing digitalization of freight operations. Parametric insurance models now represent 29% of new offerings, enabling instant payouts based on predefined triggers such as weather events or port delays. Furthermore, 37% of insurers are introducing climate-risk focused coverage for extreme weather-related losses, while 41% are rolling out flexible short-term policies tailored for on-demand and gig logistics providers. Integration with telematics data is also growing, with 33% of products using real-time GPS insights for claims validation and route-based risk assessment.

Recent Developments

• Allianz SE AI Claims System Launch: In 2024, Allianz deployed an AI-driven claims settlement system, reducing average processing time by 42% and improving claim accuracy by 36% across marine and inland cargo policies.
• AXA Blockchain Policy Platform: AXA implemented blockchain-enabled insurance contracts, enabling 100% transparent policy tracking and reducing fraud-related disputes by 28% within the logistics sector.
• Zurich Green Cargo Insurance Initiative: Zurich introduced eco-focused logistics insurance products, with 31% uptake among shippers adopting carbon-neutral transport solutions.
• Chubb Cyber Freight Protection: Chubb launched comprehensive cyber-protection add-ons for logistics policies, with 27% of freight forwarders subscribing within six months of release.
• Tokio Marine Parametric Coverage Expansion: Tokio Marine expanded its parametric insurance portfolio, with 35% of new clients using automated weather-triggered payout policies for shipping disruptions.

Report Coverage

The Logistics Insurance Market report provides an in-depth analysis of industry trends, segmentation by type and application, regional performance, competitive landscape, and growth opportunities. The study covers over 95% of the active global logistics insurance providers, incorporating both traditional and innovative coverage models. Market segmentation analysis details the performance of key categories, including marine cargo insurance, freight liability coverage, and warehousing protection, with each segment's share contributing to the overall 100% market structure. Regional analysis includes North America (34%), Europe (28%), Asia-Pacific (25%), and Middle East & Africa (13%), outlining dominant country-level performance metrics. The report also highlights adoption rates, with over 61% of insurers integrating digital policy issuance and 54% deploying AI-based claims systems. It explores product development trends such as parametric insurance adoption (29%) and cyber-risk protection inclusion (46%), as well as investment patterns targeting emerging economies. Additionally, the report addresses challenges like data security compliance affecting 49% of market players and integration complexities impacting 39% of small and mid-sized insurers. Overall, it delivers actionable insights for stakeholders to navigate competitive pressures and capitalize on high-growth opportunities.