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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Cargo Insurance procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Cargo Insurance - Recent Price Trend

In the three years to 2017, premiums for cargo insurance have increased at an estimated annualized rate of 0.4%, offsetting buyer power somewhat. Nevertheless, annual fluctuations in premiums have been steady during this period, underscored by robust competition and minimal price driver volatility. In particular, cargo insurers have been deterred from raising premiums more rapidly for fear that.

Cargo Insurance - Total Cost of Ownership

The total cost of ownership for cargo insurance is medium, whereby buyers can expect to pay between 50.0% and 100% of the benchmark price per year for additional costs. These costs mostly pertain to acquiring a new supplier and integrating them into the buyer’s organization. Still, buyers may want to invest in methods that lower their level of risk in order to reduce premiums for cargo insurance.

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About this Report

This report is intended to assist buyers of cargo insurance. Buyers are freight forwarders, transportation carriers, industrial manufacturers and other companies that ship cargo. Cargo insurance provides financial protection for ocean, air and land cargo (e.g. motor truck and train) in the event of collisions, natural disasters, theft, fumigation, improper stowage by a third party and mud and grease damage, among other perils. Suppliers of cargo insurance can be direct insurance carriers, agents and brokers and cargo transportation companies. This report does not include marine insurance, commercial property insurance or commercial auto and truck 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
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 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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