Overview

IBISWorld’s Business Interruption Insurance Procurement Research Report provides the latest price data and the factors underpinning price movements, such as input costs and external demand drivers. The report identifies the leading suppliers of Business Interruption Insurance and offers a strategic analysis of the key factors influencing the way the procurement market works. Data forecasts also accompany our analysis so your company can make purchasing decisions with confidence.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Business Interruption Insurance - Recent Price Trend

In the three years to 2016, premiums for business interruption insurance have risen at an estimated average annual rate of 1.1%. Moreover, premiums have changed steadily year over year on the back of strong competition among vendors. In particular, insurers have been deterred from raising their premiums too rapidly for fear that their clients may defect to competing firms. As a result, buyers...

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Business Interruption Insurance - Total Cost of Ownership

The total cost of ownership for business interruption insurance is high. Buyers must first have a property insurance policy in order to purchase business interruption insurance. Property insurance can cost several thousands of dollars depending on the size of a buyer's enterprise, which is the main reason why the total cost of ownership is high. Buyers may be able to lower some of this cost...

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About this Report

This report is intended to assist buyers of business interruption insurance, also known as business income insurance. This insurance provides financial protection against lost income resulting from property damage. Business interruption insurance can also include coverage for income lost when the buyer is mandated by the government to close or is unable to enter and exit their property. This insurance supplements property insurance, which only covers physical damage. Buyers in this market include any business entity, from small companies to large companies. Business interruption insurance providers are either direct insurance carriers or agents and brokers, which are third-party suppliers. This report excludes property insurance, supply chain insurance or general liability insurance.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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