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Supply Chain Insurance

Overview

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 Supply Chain 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
REPORT SNAPSHOT

Supply Chain Insurance - Recent Price Trend

In the three years to 2017, the average price of supply chain insurance has been rising at an estimated annualized rate of 1.9% due to increases in demand and input costs. However, price growth has been slow due to strong competition among providers.Demand for supply chain insurance has increased as the number of businesses and corporate profit have and as the business sentiment index has.

Supply Chain Insurance - Total Cost of Ownership

The total cost of ownership for supply chain insurance is low. Buyers should therefore expect to spend less than 50.0% of the benchmark price in additional annual costs. Low total cost of ownership benefits buyers by making it easier for them to budget for premiums.Supply chain insurance is generally considered to be an extension of property insurance, also known as building and contents.

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About this Report

This report is intended to assist buyers of supply chain insurance, which is also called contingent business interruption insurance, contingent time element insurance and non-damage business interruption insurance. This insurance reduces or mitigates the financial impact of nonphysical damage that disrupts buyers’ supply chains. Coverage insures buyers against natural disasters, government regulation, pandemics, strikes and other events that cause them to lose income. Buyers in this market include businesses with complex supply chains, particularly pharmaceutical, technology and automotive companies. Providers in this market are either direct insurance carriers or agents and brokers. This report excludes business interruption insurance and property 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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