“During COVID, truckers made a lot of money – well, but the last year and a half has been different”
The commercial auto insurance market was valued at approximately $40.45 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.38%, potentially reaching $90.41 billion by 2033, according to Spherical Insights. And the global 2024 cargo transportation insurance segment is projected to grow from $54.72 billion in 2023 to $57.06 billion in 2024, reflecting a compound annual growth rate (CAGR) of 4.3%.
Navigating this complex landscape requires a delicate balance of strategy, partnerships, and foresight – and a dash of innovation. Harish Kapur (pictured)