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Low-Cost Pizza Franchise Market to Reach $26.3 Billion, Globally, by 2032 at 4.9% CAGR: Allied Market Research

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Monday, November 6, 2023

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PORTLAND, Ore. , Nov. 5, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Low-Cost Pizza Franchise Market by Revenue Component (Franchise Fees, Royalty Fees, Advertising and Marketing Fees, Supply Chain and Purchasing Fees, Renewal Fees, and Others), by Type (Delivery and Takeout Franchise, Carryout Franchise, Fast Casual Franchise, Mobile Pizza Franchise, and Others), by Franchise Location (Domestic and International): Global Opportunity Analysis and Industry Forecast, 2023-2032."According to the report, the global low-cost pizza franchise industry was estimated at $16.4 billion in 2022 and is anticipated to hit $26.3 billion by 2032, registering a CAGR of 4.9% from 2023 to 2032.

Key Points:

On the other hand, the advertising and marketing fees segment would cite the fastest CAGR of 6.4% from 2023 to 2032.
However, the mobile pizza franchise segment would portray the fastest CAGR of 6.1% from 2022 to 2031.
By region, North America garnered the major share in 2022, acquiring two-fifths of the global low-cost pizza franchise market revenue, and is likely to dominate market share throughout the forecast timeframe.
This is due to increasing investments by several small and midsized pizza companies in developing countries.

Low-Cost Pizza Franchise Market to Reach $26.3 Billion, Globally, by 2032 at 4.9% CAGR: Allied Market Research

Retrieved on:

Monday, November 6, 2023

PORTLAND, Ore., Nov. 5, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Low-Cost Pizza Franchise Market by Revenue Component (Franchise Fees, Royalty Fees, Advertising and Marketing Fees, Supply Chain and Purchasing Fees, Renewal Fees, and Others), by Type (Delivery and Takeout Franchise, Carryout Franchise, Fast Casual Franchise, Mobile Pizza Franchise, and Others), by Franchise Location (Domestic and International): Global Opportunity Analysis and Industry Forecast, 2023-2032."According to the report, the global low-cost pizza franchise industry was estimated at $16.4 billion in 2022 and is anticipated to hit $26.3 billion by 2032, registering a CAGR of 4.9% from 2023 to 2032.

Key Points:

On the other hand, the advertising and marketing fees segment would cite the fastest CAGR of 6.4% from 2023 to 2032.
However, the mobile pizza franchise segment would portray the fastest CAGR of 6.1% from 2022 to 2031.
By region, North America garnered the major share in 2022, acquiring two-fifths of the global low-cost pizza franchise market revenue, and is likely to dominate market share throughout the forecast timeframe.
This is due to increasing investments by several small and midsized pizza companies in developing countries.

Global Commercial Kitchen Appliances Market Reaches $93.1 Billion in 2022, Driven by Booming Hospitality and Quick-Service Restaurant Sectors

Retrieved on:

Friday, October 20, 2023

Booming Hospitality Sector: The thriving hospitality sector stands as a principal catalyst for market expansion, witnessing increased demand for commercial kitchen appliances in hotels and resorts.

Key Points:

Booming Hospitality Sector: The thriving hospitality sector stands as a principal catalyst for market expansion, witnessing increased demand for commercial kitchen appliances in hotels and resorts.
North America: The United States and Canada are significant markets for commercial kitchen appliances, driven by the expanding hospitality sector.
Key players in the commercial kitchen appliances market include Alto-Shaam Inc., American Range Corporation, Carrier Global Corporation, Duke Manufacturing Company, Electrolux AB, G.S.
What constitutes the structure of the global commercial kitchen appliances market, and who are the key players?

AM Best Removes From Under Review With Developing Implications, Affirms Credit Ratings of California Insurance Company and Affiliates

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Friday, September 29, 2023

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The outlook assigned to these Credit Ratings (ratings) is negative.

Key Points:

The outlook assigned to these Credit Ratings (ratings) is negative.
(Please see below for a detailed listing of the companies and ratings.)
The negative outlook reflects the group’s underwriting performance in recent years, which has been partially impacted by adverse reserve development in 2022.
AM Best will continue to monitor the group’s underwriting and operating performance in the near term and will act if any additional operational issues arise.

AM Best Affirms Credit Ratings of Ascot Group Limited’s Core Operating Subsidiaries

Retrieved on:

Thursday, September 28, 2023

AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain members of the Ascot Insurance U.S. Group (Ascot U.S.).

Key Points:

AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Ascot Bermuda Limited (Ascot Bermuda) (Bermuda), as well as certain members of the Ascot Insurance U.S. Group (Ascot U.S.).
Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of “bbb+” (Good) on the USD 400 million, 4.25% fixed rate senior unsecured notes due 2030, issued by Ascot Group Limited (Ascot).
The ratings of Ascot Bermuda and Ascot U.S. reflect the consolidated balance sheet strength of Ascot, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Paytronix Annual Loyalty Report 2023: Loyalty Membership & Revenue Grow as Program Costs Decline

Retrieved on:

Tuesday, September 26, 2023

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NEWTON, Mass., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Paytronix, the leader in guest engagement for restaurants and convenience stores , has unveiled the highly anticipated Paytronix Loyalty Report 2023.

Key Points:

NEWTON, Mass., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Paytronix, the leader in guest engagement for restaurants and convenience stores , has unveiled the highly anticipated Paytronix Loyalty Report 2023.
Download the 2023 Paytronix Loyalty Report for detailed statistics and insights.
Key findings from the Paytronix Loyalty Report include:
The annual cost of loyalty programs for restaurants is decreasing as the market matures.
Convenience store loyalty programs generate the highest increase in check sizes across all segments, with loyalty member checks 12% higher.

AM Best Revises Issuer Credit Rating Outlook to Negative for Shelter Mutual Insurance Company and Its Subsidiaries

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Friday, September 22, 2023

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AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Shelter Mutual Insurance Company (Shelter Mutual) (Columbia, MO) and its property/casualty (P/C) subsidiaries (collectively referred to as Shelter).

Key Points:

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Shelter Mutual Insurance Company (Shelter Mutual) (Columbia, MO) and its property/casualty (P/C) subsidiaries (collectively referred to as Shelter).
Concurrently, AM Best has revised the outlook to negative from stable for the Long-Term ICR and affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Shelter Life Insurance Company (Shelter Life) (Columbia, MO), which is a wholly owned subsidiary of Shelter Mutual.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Demotech, Inc. Assigns Financial Stability Ratings® to Grange Insurance Association Carriers

Retrieved on:

Thursday, September 14, 2023

FSR, Republika Srpska official football team, Finance, General insurance, Insurance, Reinsurance

COLUMBUS, Ohio, Sept. 14, 2023 /PRNewswire/ -- Demotech, Inc. has evaluated the historical financial statements of Grange Insurance Association and its subsidiary, Granwest Property and Casualty Insurance Company, in conjunction with non-public information pertinent to the assignment of Financial Stability Ratings® (FSRs).

Key Points:

COLUMBUS, Ohio, Sept. 14, 2023 /PRNewswire/ -- Demotech, Inc. has evaluated the historical financial statements of Grange Insurance Association and its subsidiary, Granwest Property and Casualty Insurance Company, in conjunction with non-public information pertinent to the assignment of Financial Stability Ratings® (FSRs).
Since its formation in 1894, Grange Insurance Association has focused on serving insureds involved in farming, residential, urban, and rural customers.
The carriers utilize business models that can respond to current economic conditions, particularly in Washington and California.
For the Companies, as well as the entire Property and Casualty insurance industry, accelerating reinsurance costs have impacted operating results.

AM Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc. and Its Subsidiaries

Retrieved on:

Thursday, August 10, 2023

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Liberty Mutual Insurance Companies (Liberty Mutual).

Key Points:

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of Liberty Mutual Insurance Companies (Liberty Mutual).
These entities are operating subsidiaries of their ultimate parent company, Liberty Mutual Holding Company Inc. (LMHC) (Boston, MA).
A complete listing of Liberty Mutual Holding Company Inc.’s and its subsidiaries’ FSRs, Long-Term ICRs and Long-Term IRs is available at the attached rating supplement link.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .

AM Best Takes Various Credit Rating Actions on The Allstate Corporation and Its Key Subsidiaries

Retrieved on:

Wednesday, August 9, 2023

The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.

Key Points:

The companies add depth and diversification to the Allstate organization through the marketing of their various life and health products.
A complete listing of The Allstate Corporation and its P/C and life/health subsidiaries’ FSRs, Long-Term ICRs and Long- and Short-Term IRs is available.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.