Property Insurance Market By Coverage (Fire and Theft, House Damage, Floods and Earthquake, Personal Property, Others), By End User (Landlords, Homeowners, Renters, Others), By Application (Personal, Enterprise): Global Opportunity Analysis and Industry Forecast, 2021-2031
Property insurance refers to a group of services that provide either insurance coverage or property protection. Property insurance can include a number of policies, such as homeowner insurance, renter insurance, flood insurance, and earthquake insurance. Moreover, personal property is usually covered by a homeowner’s or renters’ policy. In addition, most policies do not cover extreme circumstances, such as nuclear events, acts of war, or terrorism.
Increase in digital transformation among industries and rise in penetration of internet & mobile devices across the world boost the growth of the global property Insurance market size. In addition, growing need for finance among businesses and individuals to insuring property positively impacts the growth of the market. However, enforcement of strong rules by banks and financial institutions for providing housing finance is hampering the property insurance market growth. On the contrary, rise in prices of real estate properties in developing countries and acceleration of metropolitan cities across the globe is expected to offer remunerative opportunities for expansion of the property insurance market during the forecast period.
The global property insurance market is segmented on the basis of coverage, end user, application, and region. By coverage, the market is divided into fire & theft, house damage, floods & earthquake, personal property, and others. By end user, it is divided into landlords, homeowners, renters, and others. By application, it is categorized into personal and enterprise. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players profiled in the property insurance market analysis are Admiral Group Plc., Allianz, Allstate Insurance Company, American International Group, Inc., AXA, Chubb, Liberty Mutual Insurance, PICC, State Farm Mutual Automobile Insurance Company, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global property insurance market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global property insurance market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
By Coverage
Fire and Theft
House Damage
Floods and Earthquake
Personal Property
Others
By End User
Landlords
Homeowners
Renters
Others
By Application
Personal
Enterprise
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Admiral Group Plc
Allianz
Allstate Insurance Company
American International Group, Inc.
AXA
Chubb
Liberty Mutual Insurance
PICC
State Farm Mutual Automobile Insurance Company
Zurich
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