1. What is the projected Compound Annual Growth Rate (CAGR) of the Professional Sports Insurance?
The projected CAGR is approximately XX%.
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Professional Sports Insurance by Application (Accidental Injury Insurance, Medical Insurance, Property Insurance, Liability Insurance, Others), by Type (Personal Accident Insurance, Equipment Loss or Damage Insurance, Event Cancellation or Postponement Insurance, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global professional sports insurance market is estimated to be worth USD 18.6 billion in 2023 and is projected to grow at a CAGR of 10.6% from 2023 to 2033, reaching USD 44.2 billion by 2033. The growth of the market is primarily attributed to the increasing number of professional sports leagues and tournaments, the rising popularity of sports betting, and the growing awareness of the importance of insurance among athletes.
The professional sports insurance market is segmented by application, type, and region. By application, the market is divided into accidental injury insurance, medical insurance, property insurance, liability insurance, and others. By type, the market is classified into personal accident insurance, equipment loss or damage insurance, event cancellation or postponement insurance, and others. By region, the market is divided into North America, South America, Europe, the Middle East & Africa, and Asia Pacific. North America is the largest market for professional sports insurance, followed by Europe and Asia Pacific.
The professional sports insurance market is experiencing steady growth, driven primarily by the rising popularity of sports and fitness activities. The global market for professional sports insurance is estimated to reach $13.2 billion by 2027, growing at a CAGR of 7.2% from 2022 to 2027.
Key market insights include:
Several key factors are driving the growth of the professional sports insurance market:
Despite the growth opportunities, the professional sports insurance market faces certain challenges and restraints:
The United States currently dominates the professional sports insurance market, accounting for over 50% of the global market share. Other key regions include Europe, Asia-Pacific, and the Middle East.
In terms of segments, personal accident insurance is expected to hold the largest market share due to the high risk of injuries in professional sports. Event cancellation or postponement insurance is another significant segment, especially given the potential financial losses associated with canceled or postponed events.
Several factors are expected to drive the growth of the professional sports insurance industry in the coming years:
Some of the leading players in the professional sports insurance market include:
The professional sports insurance sector has witnessed several significant developments in recent years:
For a comprehensive coverage of the professional sports insurance report, please refer to the following sources:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of XX% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately XX%.
Key companies in the market include Gallagher Specialty, K&K Insurance, ESP Specialty, Bene-Marc, CCW Global, RENOMIA, The Bank of East Asia, FCA Insurance Brokers, Sadler Sports & Recreation Insurance, HUB International, Sports Insurance 4 U, Event Insurance Direct, JMG Insurance Corp, Sportsguard, Sportifly, SADLER & Company, Inc, AvoDynamics, eSportsInsurance.
The market segments include Application, Type.
The market size is estimated to be USD XXX million as of 2022.
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The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Professional Sports Insurance," which aids in identifying and referencing the specific market segment covered.
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While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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