Cargo Transportation Insurance Market Size, Share, Forecast – 2033

The cargo transportation insurance market covers items moved by road, rail, air, or sea. This insurance protects shippers, cargo owners, and logistics organizations in the event of transit loss, damage, or theft, as well as liabilities incurred as a result of transport disasters, to reduce the insured company's loss. Moreover, the cargo transportation insurance industry is being driven by rising transit volumes as an outcome of global trade, greater risk exposure owing to geopolitical tensions and natural disasters, and the expansion of specialized logistics services.