About Product Warranty Insurance Market
Product warranty insurance helps manufacturers and retailers to underwrite factory warranties and extended product warranties. It transfers the risks associated with the costs of replacing, reworking, or recovering products that have failed to perform their intended functions from manufacturers to insurance service providers.
The increasing emphasis by consumer goods manufacturers on extended warranty insurance is a key differentiating factor in terms of product promotion. Tailored product warranty insurance services offered by manufacturers, suited for end-user requirements, along with attractive value-added offerings by suppliers, are expected to augment the demand for product warranty insurance services.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Product Warranty Insurance Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Product Warranty Insurance Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Product warranty insurance helps manufacturers and retailers to underwrite factory warranties and extended product warranties. It transfers the risks associated with the costs of replacing, reworking, or recovering products that have failed to perform their intended functions from manufacturers to insurance service providers.
The increasing emphasis by consumer goods manufacturers on extended warranty insurance is a key differentiating factor in terms of product promotion. Tailored product warranty insurance services offered by manufacturers, suited for end-user requirements, along with attractive value-added offerings by suppliers, are expected to augment the demand for product warranty insurance services.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Product Warranty Insurance Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Product Warranty Insurance Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- The growth of major end-user industries
- For a full, detailed list, view our report
Category management strategy
- Adoption of center-led spend management
- For a full, detailed list, view our report
Procurement best practices
- Adoption of reverse e-Auctions for reducing premium costs
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive SummaryPART 02: Market Insights
- Global category spend
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- Regional influence on global spend
- Regional spend opportunity for suppliers
PART 03: Category Pricing Insights
- Pricing outlook
- Supplier cost structure
- Outlook for input costs
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
- Cost drivers impacting pricing
- Volume drivers impacting pricing
PART 04: Cost-Saving Opportunities
- Supplier side levers
- Buyer side levers
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
PART 05: Best Practices
- Innovation and success stories
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
PART 06: Category Ecosystem
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Buyer power
- Supplier power score
- Threat of new entrants
- Threat of substitutes
- Buyer ecosystem
- Supplier ecosystem
PART 07: Category Management Strategy
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
PART 08: Category Management Enablers
- Procurement organization
- Category enablers
PART 09: Suppliers Selection
- RFx Essentials
- Supplier selection criteria
- Service Level Agreement
- Incumbent supplier evaluation metrics
PART 10: Suppliers Under Coverage
- Overview
- Supplier positioning
- Profile: Allianz
- Profile: AIG
- Profile: AON
- Profile: Chubb Limited
- Profile: Zurich Insurance Group
- Profile: AXA
PART 11: US Market Insights
- Category spend in the US
- Price outlook
- Supplier cost structure in US
- Margins of suppliers in the US
- Category cost drivers
- Category volume drivers
- Overview of best practices in US
- Procurement best practices in US
- US supply market overview
- Supplier positioning for the US0
- Regional category risks
PART 12: Category Definition
- Category hierarchy
- Category scope
- Category map
PART 13: Appendix
- List of abbreviations
- Key Notes
List of Exhibits
- Global category spend (2017-2022)
- Category spend growth (2017-2022)
- Regional spend dynamics
- Regional spend dynamics
- Comparison of category maturity across regions
- Regional spend opportunity for suppliers (2017-2022)
- Category pricing dynamics
- Supplier cost breakup
- Input cost dynamics
- Total cost of ownership model
- Benefit comparison of pricing models
- Pricing models - Comparison matrix
- Supplier margin analysis
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Cost-saving opportunities - Supply side levers
- Cost-saving opportunities - Demand side levers
- Cost-saving opportunity matrix
- Negotiation grid
- Innovation and success stories
- Procurement excellence summary - Impact on category
- Supplier relationship management metrics
- Strategic sourcing and category management metrics
- Technology-facilitated procurement metrics
- Procurement best practices dashboard
- Sustainability practices - Impact on category
- Sustainability best practices
- Market environment score
- Market competitiveness score
- Buyer power score
- Supplier power score
- Ease of market entry score
- Ease of substitution score
- Buyer ecosystem: Outlook
- Supplier ecosystem: Outlook
- Ecosystem disruption threats
- Key category management objectives
- Supplier KPI dashboard - Importance for category
- Buyer KPI dashboard: Importance for the category
- Category management enablers
- Risk management matrix
- Category enablers: Organization
- Category enablers - Technology
- RFx questions
- Phase I RFI considerations
- SLA terms
- Supplier performance benchmarking criteria
- Supplier operational capability matrix
- Supplier positioning matrix
- Allianz - Key information dashboard
- AIG - Key information dashboard
- AON - Key information dashboard
- Chubb Limited - Key information dashboard
- Zurich - Key information dashboard
- AXA - Key information dashboard
- US category spend (2017-2022)
- Category pricing dynamics
- Supplier cost breakup
- Supplier margin analysis
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Procurement excellence summary: Impact on the category
- Supplier relationship management
- Strategic sourcing and category management
- Technology-facilitated procurement
- Procurement best practices dashboard
- Supplier operational capability matrix
- Supplier positioning matrix
- Risk management matrix
- Category definition
- Category nuances
- Importance of category relative to other categories
Executive Summary
New Report Released: Global Product Warranty Insurance Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Product Warranty Insurance Category - Procurement Market Intelligence Report: Allianz, American International Group, AXA, Aon plc, Chubb, Zurich Insurance Group, Arthur J. Gallagher, Tokio Marine, Aviva, and Hiscox.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to evaluate the effectiveness of mathematical models used by suppliers in premium calculation.”
According to the report, one of the key growth contributors to the global product warranty insurance market is the increasing demand for extended warranty insurance products.
Further, the report states that one of the key category management strategies for the buyers in the global product warranty insurance market is to reduce TCO by adopting procurement practices such as collaboration between vendors and adoption of reverse eSourcing.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Allianz
- AIG
- AON
- Chubb Limited
- Zurich Insurance Group
- AXA
Methodology
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