Global Flood Insurance Market Growth (Status and Outlook) 2023-2029

Global Flood Insurance Market Growth (Status and Outlook) 2023-2029

Flood insurance denotes the specific insurance coverage against property loss from flooding. To determine risk factors for specific properties, insurers will often refer to topographical maps that denote lowlands, floodplains and floodways that are susceptible to flooding.

LPI (LP Information)' newest research report, the “Flood Insurance Industry Forecast” looks at past sales and reviews total world Flood Insurance sales in 2022, providing a comprehensive analysis by region and market sector of projected Flood Insurance sales for 2023 through 2029. With Flood Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flood Insurance industry.

This Insight Report provides a comprehensive analysis of the global Flood Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flood Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Flood Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flood Insurance and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flood Insurance.

The global Flood Insurance market size is projected to grow from US$ 12020 million in 2022 to US$ 35010 million in 2029; it is expected to grow at a CAGR of 16.5% from 2023 to 2029.

USA is the largest Flood Insurance market with about 63% market share. Europe is follower, accounting for about 17% market share.

The key players are Allianz, Zurich, Allstate, Tokio Marine, Assurant, Chubb, PICC, Sompo Japan Nipponkoa, CPIC, PingAn, Sunshine, Berkshire Hathaway, Suncorp, Progressive, American Strategic etc. Top 3 companies occupied about 22% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Flood Insurance market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Life Insurance
Non-Life Insurance

Segmentation by application
Commercial
Residential
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Allianz
Zurich
Allstate
Tokio Marine
Assurant
Chubb
PICC
Sompo Japan Nipponkoa
CPIC
PingAn
Sunshine
Berkshire Hathaway
Suncorp
Progressive
American Strategic

Please note: The report will take approximately 2 business days to prepare and deliver.