HomeSports 2.0KreedOn Case StudyExamining the Changing Face of Sports Insurance: Insuring Victory
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Examining the Changing Face of Sports Insurance: Insuring Victory

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In India, the landscape of sports insurance is undergoing rapid and revolutionary changes due to the increasing economic impact on various sports assets. This shift highlights the fact that more people are understanding the importance of having all-around insurance coverage for sports.

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Advertisers, including television broadcasters, sports teams, various organizations, and cricket associations, are increasingly aware of insurance’s role in providing protection against different risks while promoting financial stability in the fast-paced sports industry.

Market Growth and Projection of Sports Insurance

Sports Insurance Market | KreedOn
Image Source: Global Industry Outlook Report

The sports insurance industry’s remarkable achievement, worth USD 35.50 billion in 2023, surely deserves our attention. Another incredible thing is its predicted growth, which will almost certainly reach USD 53.86 billion by 2030. This notable growth, with a strong Compound Annual Growth Rate (CAGR) of 6.03% during the predictive period from 2024 to 2030, highlights the growing interest among different sports stakeholders in increasing their insurance coverage.

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