Property Insurance Market Is Projected to Gain 708.5 Billion by 2031, Growing at a 9.5% CAGR: Allied Market Research 

The global property insurance market is experiencing outstanding growth, owing to the rise in embracing digital transformation in various industries, an increase in the penetration of the internet and mobile devices all over the world, and growth in demand for financial resources among businesses and individuals to purchase home insurance.

Wilmington, Delaware, Nov. 12, 2023 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global property insurance industry is anticipated to gain $38708.5 billion by 2031, having endorsed a value of $15897.8 billion in 2021, exhibiting a considerable CAGR of 9.5% from 2022 to 2031. The report provides an in-depth analysis of current market dynamics, top winning segments, leading investment pockets, the value chain, the regional analysis, and the competitive landscape. The report is a valuable resource for leading players, new market aspirants, investors, and stakeholders to devise their strategies and strengthen their foothold in the market.  

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147 – Tables    

60 – Charts    

250 – Pages 

Report Coverage & Details:  

Report Coverage    Details  
Forecast Period   2022­–2031  
Base Year   2021  
Market Size in 2021   $15897.8 Billion  
Market Size in 2031   $38708.5 Billion  
CAGR   9.5%  
No. of Pages in Report   250  
Segments Covered   Coverage, Application, End User, and Region  
Drivers   The rise in embracing digital transformation in various industries  
An increase in the penetration of the internet and mobile devices all over the world  
Growth in demand for financial resources among businesses and individuals to purchase home insurance  
Opportunities   The surge in prices of real estate in developing countries  
The increasing rate of development of metropolitan cities around the world  
Restraints   Banks and financial institutions to enforce robust regulations for housing finance  

The global property insurance market is categorized into various segments based on coverage, application, end user, and region.  The report is presented in both a tabular and graphical format, this helps market players, investors, new market aspirants, and stakeholders to identify the sub-segments to be tapped into to accomplish growth in the future.  

By coverage, the fire and theft segment dominate the largest market share in 2021, acquiring more than one-fourth of the global property insurance market, and is predicted to maintain its lead position during the forecast timeframe. On the other hand, the floods and earthquake segment would cite the highest fastest CAGR of 11.7% from 2022 to 2031. The report also analyzed personal property, house damage, and others segments.  

By application, the personal segment garnered the major market share in 2021, accounting for nearly two-thirds of the global property insurance market revenue, and is expected to maintain its noteworthy growth throughout the forecast period. The enterprise segment, on the other hand, is anticipated to manifest the highest CAGR of 10.6% from 2022 to 2031.  

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By end user, the landlords segment held the highest market share in 2021, contributing to nearly two-fifths of the global property insurance market revenue, and is projected to rule the roost by 2031. The renters segment, however, showcases the highest CAGR of 11.5% from 2022 to 2031. The report also studied the homeowners and others segments.  

By region, North America held the largest market share in terms of revenue in 2021, garnering nearly two-fifths of the global property insurance market, and is likely to dominate the market by 2031. Simultaneously, the Asia-Pacific region would portray the highest CAGR of 11.4% from 2022 to 2031. The other provinces discussed in the report include Europe and LAMEA.  

The report also provides an in-depth evaluation of the top market players in the global property insurance market including, American International Group, Inc., Zurich, State Farm Mutual Automobile Insurance Company, Liberty Mutual Insurance, AXA, Chubb, Allstate Insurance Company, PICC, Allianz, Admiral Group Plc. These players have embraced various techniques which includes the release of new products, partnerships, geographical expansion, and others to increase their presence in the market and strengthen their position in the industry. The report helps determine the operating segments, business developments, product portfolio, and strategic moves made by leading players. 


  • The study provides an in-depth analysis of the global property insurance market forecast along with 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. 

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Key Market Segments 


  • Fire and Theft 
  • House Damage 
  • Floods and Earthquake 
  • Personal Property 
  • Others 

End User 

  • Landlords 
  • Homeowners 
  • Renters 
  • Others 


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) 

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Regional Reports: 

Africa Property Insurance Market :  

LAMEA Property Insurance Market :  

Asia-Pacific Property Insurance Market :  

North America Property Insurance Market :  

U.S. Property Insurance Market :  

About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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