Global SME Insurance Market Growth (Status and Outlook) 2025-2031

Global SME Insurance Market Growth (Status and Outlook) 2025-2031

The global SME Insurance market size is predicted to grow from US$ 19120 million in 2025 to US$ 24690 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.

All businesses are exposed to various risks which are either man-made or natural. Insurance is a prudent way to limit liabilities in the event of an unpleasant occurrence to assets, property and business.The usual customers of SME insurance are small and medium-sized enterprise, the insurance mainly include property insurance, public liability insurance, business interruption insurance, workers compensation insurance, goods in transit insurance and others.

Global SME insurance main manufacturers include Allianz, AXA, PICC, China Life, Zurich, Chubb, Aviva, AIG, Liberty Mutual, CPIC, Nationwide, Mapfrem, Sompo Japan Nipponkoa, Tokio Marine, Hanover Insurance, Hiscox, etc., totally accounting for about 40%. Americas is the largest market, with a share over 32%. As for the types of products, it can be divided into insurance for non-employing, insurance for 1-9 employees and insurance for above 10 employees. Insurance for non-employing is the largest segment, holding a share over 70%. In terms of distribution channel, it can be divided into agency, digital and direct channels, brokers and bancassurance. Agency is the largest segment, with a share over 57%.

LPI (LP Information)' newest research report, the “SME Insurance Industry Forecast” looks at past sales and reviews total world SME Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected SME Insurance sales for 2025 through 2031. With SME Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world SME Insurance industry.

This Insight Report provides a comprehensive analysis of the global SME 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 analyses the strategies of leading global companies with a focus on SME Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global SME Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for SME Insurance and breaks down the forecast by Type, by Distrubution Channel, 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 SME Insurance.

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

Segmentation by Type:
Insurance for Non-employing
Insurance for 1-9 Employees
Insurance for above 10 Employees

Segmentation by Distrubution Channel:
Agency
Digital and Direct Channels
Brokers
Bancassurance

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
AXA
PICC
China Life
Zurich
Chubb
Aviva
AIG
Liberty Mutual
CPIC
Nationwide
Mapfre
Sompo Japan Nipponkoa
Tokio Marine
Hanover Insurance
Hiscox

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