Esports Event Insurance 2025-2033 Analysis: Trends, Competitor Dynamics, and Growth Opportunities

Key Insights

The global esports event insurance market garnered USD 135.9 million in 2022 and is projected to reach USD 258.2 million by 2033, exhibiting a CAGR of 6.9% during the forecast period (2023-2033). The market growth is attributed to the rising popularity of esports events, the increasing value of equipment used in these events, and the potential for financial losses due to event cancellations or postponements. Additionally, the growing adoption of technology in the esports industry, such as virtual and augmented reality, is expected to fuel the demand for event insurance.

North America held the largest market share in 2022, owing to the region's well-established esports ecosystem and the presence of major esports organizations and events. Asia Pacific is expected to be the fastest-growing region during the forecast period, driven by the increasing popularity of esports in countries like China, India, and South Korea. Key market players include Tysers Insurance Brokers, Miller, Performance Film & Media Insurance, Towergate Insurance Brokers, Event Insurance Services, Founder Shield, eSportsInsurance, MFE Insurance Brokerage, Netsurance Canada, Fullsteam Insurance, Esport Insure, GG Insurance Services, and Miller Insurance.

Esports, a rapidly growing industry, presents unique risks that require specialized insurance solutions. Esports Event Insurance provides coverage for unforeseen circumstances that could disrupt esports events, ensuring the financial well-being of organizers and participants.

Esports Event Insurance Trends

• Increased Event Complexity: Esports events are becoming increasingly complex, involving multiple stakeholders, venues, and equipment. This complexity necessitates tailored insurance policies that address specific risks.
• Audience Growth and Expansion: Esports is gaining mainstream recognition, attracting larger audiences and expanding geographically. This expansion presents new challenges and opportunities for insurance providers.
• Growing Sponsorship Investments: Esports events attract significant sponsorship investments. Insurance safeguards these investments against potential disruptions, ensuring continued financial support.
• Cybersecurity Threats: Esports events rely heavily on technology, making them vulnerable to cybersecurity threats. Insurance provides protection against data breaches and cyberattacks.

Driving Forces: What's Propelling the Esports Event Insurance

• Rising Industry Value: The global esports market is projected to exceed $1.38 billion by 2025, driving demand for insurance coverage.
• Legal and Regulatory Changes: Governments are recognizing the importance of esports and introducing regulations. Insurance policies help organizers comply with these regulations and minimize legal risks.
• Increased Awareness and Demand: Esports organizers and participants are becoming increasingly aware of the risks associated with events and the benefits of insurance.
• Technological Advancements: Innovations in data analytics and risk management techniques enable insurance providers to customize policies and accurately assess risks.

Challenges and Restraints in Esports Event Insurance

• Defining Scope of Coverage: Esports events involve unique risks, making it challenging to define the precise scope of coverage.
• Insurance Pricing: The insurance premium can be substantial for large-scale events, potentially limiting accessibility for smaller organizers.
• Limited Availability of Specialized Insurers: The esports insurance market is emerging, and the number of specialized insurers is still relatively small.
• Cultural and Regional Differences: Esports events are held in diverse regions with varying cultural and legal landscapes, requiring insurers to adapt their policies accordingly.

Key Region or Country & Application to Dominate the Market

Key Region: North America

• The United States is the largest esports market globally, hosting major tournaments and attracting top-tier teams.

Key Segment: Personal Accident Insurance

• Professional gamers and tournament organizers face high risks of physical injuries during events, making personal accident insurance essential.

Other Dominating Segments:

• Equipment Loss or Damage Insurance: Protects against damage or loss of valuable gaming equipment.
• Event Cancellation or Postponement Insurance: Provides coverage for financial losses incurred due to unforeseen event disruptions.

Growth Catalysts in Esports Event Insurance Industry

• Increased Collaboration: Partnerships between insurance providers, esports tournament organizers, and gaming companies drive innovation and expand coverage options.
• Digitalization and Data Analytics: Leveraging advanced technologies to streamline risk assessment, improve claims processing, and provide real-time insights.
• Regulatory Support: Governments recognizing esports as a legitimate industry and providing frameworks for insurance policies.
• Growing Awareness and Education: Educational programs and initiatives raise awareness about esports event insurance and its importance.

Leading Players in the Esports Event Insurance

• Tysers Insurance Brokers
• Miller
• Performance Film & Media Insurance
• Towergate Insurance Brokers
• Event Insurance Services
• Founder Shield
• eSportsInsurance
• MFE Insurance Brokerage
• Netsurance Canada
• Fullsteam Insurance
• Esport Insure
• GG Insurance Services
• Miller Insurance

Significant Developments in Esports Event Insurance Sector

• AXA XL Launches New Esports Event Insurance Policy
• Marsh & McLennan Announces Partnership with U.S. Esports Federation
• W.R. Berkley Corporation Acquires Admiral Specialty Solutions
• Allianz Partners Introduces Esports Coverage to Event Protection Policy

Comprehensive Coverage Esports Event Insurance Report

This report provides a comprehensive assessment of the Esports Event Insurance market, including its trends, drivers, challenges, and growth catalysts. It analyzes key market segments, leading players, and significant developments in the sector, offering invaluable insights for industry stakeholders and potential investors.

Esports Event Insurance Segmentation

• 1. Type
  • 1.1. Personal Accident Insurance
  • 1.2. Equipment Loss or Damage Insurance
  • 1.3. Event Cancellation or Postponement Insurance
  • 1.4. Others
• 2. Application
  • 2.1. Professional Gamers
  • 2.2. Tournament Organizers
  • 2.3. Esports Teams or Organizations

Esports Event Insurance Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific