Global Home Insurance Market Overview
Home Insurance Market is anticipated to reach USD 277.25 Billion by 2028 from USD 158.66 Billion in 2021 with a CAGR of 8.3% during the forecast period.
Home insurance also referred to as called homeowners insurance or hazard insurance is property insurance that covers individual residence losses and damages with furnishing and other assets damages. Depending on the policy, changes the home insurance but most insurance plan offers coverage for risks like thunderstorms, burglary, and fire. In September 1950, the first home insurance policy was introduced in the United Sttes. Several numbers of insurance companies sell various options of insurance that contains casualty insurance and general property. Owing to different natural crises such as earthquakes, typhoons, cyclones, floods, and landslides, property damages are increased, and thus different home insurance companies engage in distribution network improvements and innovations. Furthermore, with rising the usage of advanced technology in the home insurance sector, thus the market for home insurance is predicted to develop during the projection period.
Market Dynamics And Factors For Home Insurance Market
Drivers:
Growing Number of Natural Disasters and Man-Made Hazards
In recent years the number of natural disasters, as well as man-made hazards, is increased is a key factor that provides growth for the home insurance market. The demand for home insurance is rising on accidents like interior and exterior damage of the home or damage due to theft, fire, vandalism, and others. For instance, according to Statista the 137.7 billion U.S. dollars damage caused by storms, and 74.4 billion U.S. dollars damage caused by floods worldwide in 2021. The following figure shows the Natural disasters with the most economic damage worldwide in 2021.
Thus, due to the growing number of such accidents, insurance companies increase their investment to develop products like those that have high coverage, less proliferation, and offer financial security. Several homeowners highly depend on home insurance to prevent themselves from financial losses. In addition to this, the increase the government initiatives in home insurance also provide growth for the home insurance market.
Restraints:
Lack of Trust and Awareness About The Benefits of The Home Insurance Services
A number of people are not aware regards the benefits of home insurance services which restricts the growth of the market. Additionally, one of the biggest problems facing insurance companies is consumers don’t trust on policies of the company. Due to the rising incidence of fraud cases around the world, people don’t easily trust any insurance policy. Owing to the high premium prices of insurance, an increasing number of people are concerned about the spend money on insurance. Thus, most people lack knowledge about the insurance benefits that hamper the growth of the home insurance market.
Opportunity:
Opportunity in Technological Development in The Home Insurance Industry
The number of advanced technologies used in the home insurance industry provides a lucrative opportunity for the home insurance market. The advanced technologies such as application program interface, geo-location, data analytics, artificial intelligence, blockchains, and big data. The home insurance platform increases their productivity by using these advanced technologies and provides different coverage like Renters insurance, ALE Additional Living Expenses, and others. The digital transformation of the company enables it to provide better experiences to its customers. Most companies use big data analytics to offer large generating premiums which require maintaining the home insurance market position. Moreover, the new technology assists the company in collecting data, calculating risk, catering to customer-specific needs, and detecting fraud. Thus, the new technology offers a profitable opportunity for the home insurance market during the forecast period.
Segmentation Analysis Of Home Insurance Market
By Type, Dwelling coverage has a large market share in home insurance owing to growing global demand. The dwelling coverage is also known as dwelling insurance is a part of a home insurance policy that may help to repair or rebuild the damaged home or any attached structures like a deck, garage, or front porch. According to Insurance Information Institute, dwelling insurance covers many perils or hazards which include damage caused by fire or smoke, lightning strikes, windstorms, hail, explosions, vandalism, theft, falling objects, and damage from aircraft, or motor vehicles. The growing property crime incidence like vandalism, theft and others worldwide boosts the demand for dwelling insurance. For instance, Statista stated that there were 6.45 million cases of property crime reported in the year 2020 in the United States, and in Belgium, 56.9 thousand cases of vandalism were registered in the same year. Thus, the rising demand for dwelling insurance propels the growth of the market.
By Application, the Personal segment has a maximum market share in the home insurance market. Personal property is an important part of home insurance and it provides protection for most valuable possessions. Personal property damage includes furniture, clothing, sporting goods, or electronics damage. The growing real estate market supported the growth of the home insurance market. In recent years due to the developed financial conditions of the people, they spend more money on purchasing new homes and on home insurance. Thus, due to growing mortgage rates and the rising supply of homes, several house owners taking the benefits of the home insurance policies that support the growth of the market of home insurance over the forecast periods.
Regional Analysis Of Home Insurance Market
North America dominates the home insurance market owing to the highest number of homes affected by natural disasters such as hurricanes, volcanic, floods, tornadoes, and others. Thus, there is rising demand for insurance services in this region. For instance, in 2021, there were 15 million homes in America damaged by severe natural disasters. According to Statista more than 3 billion US dollars worth of property and crops were damaged in the United States due to floods and flash floods in the same year. The peoples in the North American region are more aware of the various insurance plan. Moreover, the presence of several home insurance provider companies in this region boosts the growth of the home insurance market in this region
The Asia Pacific is the second-dominated region in the home Insurance Market. This is due to the highest number of populations with increased demand for better housing services. Due to the large population base, the damage occurs by hurricanes, volcanic, floods, tornadoes, and others are very high. For instance, according to Statista, Indonesia is one of the highest rates of natural diester in the world. In 2021 there were 21.34 thousand residential buildings damaged due to natural disasters. Additionally, the growing per capita income in the Asia Pacific countries like India, China, Vietnam, and others. So, people in this region are more aware of home insurance, and the government of various countries in this region increasing their investment in home insurance policies that reinforce the growth of the home insurance market in the APAC region.
Europe is the fastest growing region in the home insurance market due to the high number of insurance providers and consumers present in this region. Owing to natural disasters, damage occurrence is high in this region. For instance, in 2021, the flood impacted Germany, Belgium, and Luxembourg. More than 26,000 homes were destroyed in Belgium. Moreover, the number of property crime incidences such as vandalism, theft, and others in this region is rising. For instance, according to Statista, approximately 56.9 thousand cases of vandalism were registered in 2020 in Belgium, and in Netherland, there were 71, 990 cases of vandalism registered in 2021. Thus, increasing the number of home insurance consumers maximizes the growth of the home insurance market in the Europe region.
Covid-19 Impact Analysis On Home Insurance Market
COVID-19 began in Wuhan (China) in December 2019 and has since rapidly grown around the globe. In terms of confirmed cases and reported deaths, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the countries that have been most severely impacted. Because of the lockdowns, travel restrictions, and business closures, COVID-19 has had an impact on the businesses and industries of numerous nations. During the pandemic, the market for home insurance is moderately affected. Because a lack of financial and liquidity crunch reduces the demand for home insurance. In Covid-19 the home insurance companies increased their premium prices and restricted construction activities during the pandemic which decreased the demand for insurance. Thus, Covid -19 has negatively impacted the home insurance market.
Top Key Players Covered In Home Insurance Market
- ALLIANZ(Germany)
- ADMIRAL (UK)
- Allstate Insurance Company (USA)
- American International Group Inc. (US)
- AXA (France)
- Chubb (US)
- Liberty Mutual Insurance Company (Boston)
- PICC (Switzerland)
- State Farm Mutual Automobile Insurance Company (Bloomington)
- Zurich (Switzerland)
- AFLAC (Columbus)
- Allstate (USA)
- Geico (Maryland)
- Farmers Insurance Group (US)
- BUPA (UK)
- PingAn (China)
- Kunlun (China)
- Shelter Insurance (Columbia) and other major players.
Key Industry Development In The Home Insurance Market
In January 2022, a leading direct-to-consumer homeowners insurance technology company Kin Insurance, Inc., and a publicly listed special purpose acquisition company Omnichannel Acquisition Corp., collectively decided to discontinue their launched agreement and amalgamations plan.
In June 2021, an Italian insurance company acquired French multinational insurance firm AXA’s “Life & Savings and Property & Casualty”
Global Home Insurance Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data : |
2016 to 2020 |
Market Size in 2021: |
USD 158.66 Bn. |
Forecast Period 2022-28 CAGR: |
8.3% |
Market Size in 2028: |
USD 277.25 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By End Users
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Home Insurance Market by Type
5.1 Home Insurance Market Overview Snapshot and Growth Engine
5.2 Home Insurance Market Overview
5.3 Comprehensive Coverage
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Comprehensive Coverage: Grographic Segmentation
5.4 Dwelling Coverage
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Dwelling Coverage: Grographic Segmentation
5.5 Content Coverage
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Content Coverage: Grographic Segmentation
5.6 Other Optional Coverages
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Other Optional Coverages: Grographic Segmentation
Chapter 6: Home Insurance Market by End Users
6.1 Home Insurance Market Overview Snapshot and Growth Engine
6.2 Home Insurance Market Overview
6.3 Tenants
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Tenants: Grographic Segmentation
6.4 Landlords
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Landlords: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Home Insurance Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Home Insurance Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Home Insurance Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 AFLAC
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 ALLSTATE
7.4 GEICO
7.5 LIBERTY MUTUAL
7.6 FARMERS INSURANCE GROUP
7.7 ALLIANZ
7.8 BUPA
7.9 PICC
7.10 PINGAN
7.11 KUNLUN
7.12 SHELTER INSURANCE
7.13 OTHER MAJOR PLAYERS
Chapter 8: Global Home Insurance Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 Comprehensive Coverage
8.2.2 Dwelling Coverage
8.2.3 Content Coverage
8.2.4 Other Optional Coverages
8.3 Historic and Forecasted Market Size By End Users
8.3.1 Tenants
8.3.2 Landlords
Chapter 9: North America Home Insurance Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Comprehensive Coverage
9.4.2 Dwelling Coverage
9.4.3 Content Coverage
9.4.4 Other Optional Coverages
9.5 Historic and Forecasted Market Size By End Users
9.5.1 Tenants
9.5.2 Landlords
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Home Insurance Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Comprehensive Coverage
10.4.2 Dwelling Coverage
10.4.3 Content Coverage
10.4.4 Other Optional Coverages
10.5 Historic and Forecasted Market Size By End Users
10.5.1 Tenants
10.5.2 Landlords
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Home Insurance Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Comprehensive Coverage
11.4.2 Dwelling Coverage
11.4.3 Content Coverage
11.4.4 Other Optional Coverages
11.5 Historic and Forecasted Market Size By End Users
11.5.1 Tenants
11.5.2 Landlords
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Home Insurance Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Comprehensive Coverage
12.4.2 Dwelling Coverage
12.4.3 Content Coverage
12.4.4 Other Optional Coverages
12.5 Historic and Forecasted Market Size By End Users
12.5.1 Tenants
12.5.2 Landlords
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Home Insurance Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Comprehensive Coverage
13.4.2 Dwelling Coverage
13.4.3 Content Coverage
13.4.4 Other Optional Coverages
13.5 Historic and Forecasted Market Size By End Users
13.5.1 Tenants
13.5.2 Landlords
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Home Insurance Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data : |
2016 to 2020 |
Market Size in 2021: |
USD 158.66 Bn. |
Forecast Period 2022-28 CAGR: |
8.3% |
Market Size in 2028: |
USD 277.25 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HOME INSURANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HOME INSURANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HOME INSURANCE MARKET COMPETITIVE RIVALRY
TABLE 005. HOME INSURANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. HOME INSURANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. HOME INSURANCE MARKET BY TYPE
TABLE 008. COMPREHENSIVE COVERAGE MARKET OVERVIEW (2016-2028)
TABLE 009. DWELLING COVERAGE MARKET OVERVIEW (2016-2028)
TABLE 010. CONTENT COVERAGE MARKET OVERVIEW (2016-2028)
TABLE 011. OTHER OPTIONAL COVERAGES MARKET OVERVIEW (2016-2028)
TABLE 012. HOME INSURANCE MARKET BY END USERS
TABLE 013. TENANTS MARKET OVERVIEW (2016-2028)
TABLE 014. LANDLORDS MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA HOME INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA HOME INSURANCE MARKET, BY END USERS (2016-2028)
TABLE 017. N HOME INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE HOME INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE HOME INSURANCE MARKET, BY END USERS (2016-2028)
TABLE 020. HOME INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC HOME INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC HOME INSURANCE MARKET, BY END USERS (2016-2028)
TABLE 023. HOME INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA HOME INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA HOME INSURANCE MARKET, BY END USERS (2016-2028)
TABLE 026. HOME INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA HOME INSURANCE MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA HOME INSURANCE MARKET, BY END USERS (2016-2028)
TABLE 029. HOME INSURANCE MARKET, BY COUNTRY (2016-2028)
TABLE 030. AFLAC: SNAPSHOT
TABLE 031. AFLAC: BUSINESS PERFORMANCE
TABLE 032. AFLAC: PRODUCT PORTFOLIO
TABLE 033. AFLAC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. ALLSTATE: SNAPSHOT
TABLE 034. ALLSTATE: BUSINESS PERFORMANCE
TABLE 035. ALLSTATE: PRODUCT PORTFOLIO
TABLE 036. ALLSTATE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. GEICO: SNAPSHOT
TABLE 037. GEICO: BUSINESS PERFORMANCE
TABLE 038. GEICO: PRODUCT PORTFOLIO
TABLE 039. GEICO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. LIBERTY MUTUAL: SNAPSHOT
TABLE 040. LIBERTY MUTUAL: BUSINESS PERFORMANCE
TABLE 041. LIBERTY MUTUAL: PRODUCT PORTFOLIO
TABLE 042. LIBERTY MUTUAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. FARMERS INSURANCE GROUP: SNAPSHOT
TABLE 043. FARMERS INSURANCE GROUP: BUSINESS PERFORMANCE
TABLE 044. FARMERS INSURANCE GROUP: PRODUCT PORTFOLIO
TABLE 045. FARMERS INSURANCE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. ALLIANZ: SNAPSHOT
TABLE 046. ALLIANZ: BUSINESS PERFORMANCE
TABLE 047. ALLIANZ: PRODUCT PORTFOLIO
TABLE 048. ALLIANZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. BUPA: SNAPSHOT
TABLE 049. BUPA: BUSINESS PERFORMANCE
TABLE 050. BUPA: PRODUCT PORTFOLIO
TABLE 051. BUPA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. PICC: SNAPSHOT
TABLE 052. PICC: BUSINESS PERFORMANCE
TABLE 053. PICC: PRODUCT PORTFOLIO
TABLE 054. PICC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. PINGAN: SNAPSHOT
TABLE 055. PINGAN: BUSINESS PERFORMANCE
TABLE 056. PINGAN: PRODUCT PORTFOLIO
TABLE 057. PINGAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. KUNLUN: SNAPSHOT
TABLE 058. KUNLUN: BUSINESS PERFORMANCE
TABLE 059. KUNLUN: PRODUCT PORTFOLIO
TABLE 060. KUNLUN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. SHELTER INSURANCE: SNAPSHOT
TABLE 061. SHELTER INSURANCE: BUSINESS PERFORMANCE
TABLE 062. SHELTER INSURANCE: PRODUCT PORTFOLIO
TABLE 063. SHELTER INSURANCE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 064. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 065. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 066. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HOME INSURANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HOME INSURANCE MARKET OVERVIEW BY TYPE
FIGURE 012. COMPREHENSIVE COVERAGE MARKET OVERVIEW (2016-2028)
FIGURE 013. DWELLING COVERAGE MARKET OVERVIEW (2016-2028)
FIGURE 014. CONTENT COVERAGE MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHER OPTIONAL COVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 016. HOME INSURANCE MARKET OVERVIEW BY END USERS
FIGURE 017. TENANTS MARKET OVERVIEW (2016-2028)
FIGURE 018. LANDLORDS MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA HOME INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE HOME INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC HOME INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA HOME INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA HOME INSURANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Home Insurance Market research report is 2022-2028.
ALLIANZ, ADMIRAL, Allstate Insurance Company, American International Group Inc., AXA, Chubb, Liberty Mutual Insurance Company, PICC, State Farm Mutual Automobile Insurance Company, Zurich, AFLAC, Allstate, Geico, Farmers Insurance Group, BUPA, PingAn, Kunlun, Shelter Insurance and other major players.
The Home Insurance Market is segmented into type, application, and region. By Type the market is categorized into Comprehensive Coverage, Dwelling Coverage, Content Coverage, Others. By application, the market is categorized into Personal, Enterprise. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
Home insurance also referred to as called homeowners insurance or hazard insurance is property insurance that covers individual residence losses and damages with furnishing and other assets damages. Depending on the policy, changes the home insurance but most insurance plan offers coverage for risks like thunderstorms, burglary, and fire. In September 1950, the first home insurance policy was introduced in the United States.
Home Insurance Market is anticipated to reach USD 277.25 Billion by 2028 from USD 158.66 Billion in 2021 with a CAGR of 8.3% during the forecast period.