Commercial Property Insurance Market Size, Share, Trends & Report 2024-2028

Global Commercial Property Insurance Market Overview 2024-2028

IMARC Group, a leading market research company, has recently releases report titled “Commercial Property Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2028.” The study provides a detailed analysis of the industry, including the global Commercial Property Insurance market trends, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Commercial Property Insurance is a specialized form of insurance designed specifically for commercial properties. These properties typically include office buildings, retail spaces, warehouses, and manufacturing facilities. The primary purpose of this insurance is to offer coverage against a wide range of risks, including fire, theft, vandalism, natural disasters, and other potential hazards that could cause damage or destruction to the insured property. This type of insurance plays a crucial role in protecting businesses from significant financial losses and property damage or loss. By providing financial assistance in times of unexpected events, it allows businesses to recover, rebuild, and maintain their operations, safeguarding their reputation in the process. This protection is essential for ensuring business continuity and safeguarding valuable assets and operations.

The global commercial property insurance market size reached US$ 251.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 474.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.87% during 2024-2028.

Global Commercial Property Insurance Market Trends and Drivers:

Currently, the market for commercial property insurance is experiencing significant growth due to several key factors. Businesses are becoming increasingly aware of the potential risks and losses linked to property damage, which has led to a surge in demand for this type of insurance. Moreover, the need to protect high-value properties and critical infrastructure is driving further demand for commercial property insurance coverage. Furthermore, businesses are recognizing the importance of securing their financial stability through insurance, which is also contributing to the market’s expansion. As a result, there is a growing interest in commercial property insurance to safeguard against potential financial setbacks.

Global Commercial Property Insurance Market 2024-2028 Analysis and Segmentation:

Top Key Players covered in this report are: Aegon Life Insurance Company Limited, Allianz SE, Aviva plc, Axa S.A., Insureon (HUB International Limited), Nationwide Mutual Insurance Company, Prudential Financial Inc., State Farm Mutual Automobile Insurance Company and The Hartford Financial Services Group Inc.

The report segmented the market on the basis of region, type, enterprise size and application.

Breakup by Type:

Buildings Insurance

Contents Insurance

Flood Insurance

Earthquake Insurance

Others

Breakup by Enterprise Size:

Small and Medium-sized Enterprises

Large-Scale Enterprise

Breakup by Application:

Open Perils

Named Perils

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

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Key highlights of the report:

Market Performance (2017-2022)

Market Outlook (2024- 2028)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

1 Preface

2 Scope and Methodology

    2.1 Objectives of the Study

    2.2 Stakeholders

    2.3 Data Sources

        2.3.1 Primary Sources

        2.3.2 Secondary Sources

    2.4 Market Estimation

        2.4.1 Bottom-Up Approach

        2.4.2 Top-Down Approach

    2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

    4.1 Overview

    4.2 Key Industry Trends

5 Global Commercial Property Insurance Market

    5.1 Market Overview

    5.2 Market Performance

    5.3 Impact of COVID-19

    5.4 Market Forecast

6 Market Breakup by Type

    6.1 Buildings Insurance

        6.1.1 Market Trends

        6.1.2 Market Forecast

    6.2 Contents Insurance

        6.2.1 Market Trends

        6.2.2 Market Forecast

    6.3 Flood Insurance

        6.3.1 Market Trends

        6.3.2 Market Forecast

    6.4 Earthquake Insurance

        6.4.1 Market Trends

        6.4.2 Market Forecast

    6.5 Others

        6.5.1 Market Trends

        6.5.2 Market Forecast

7 Market Breakup by Enterprise Size

    7.1 Small and Medium-sized Enterprises

        7.1.1 Market Trends

        7.1.2 Market Forecast

    7.2 Large-Scale Enterprise

        7.2.1 Market Trends

        7.2.2 Market Forecast

8 Market Breakup by Application

    8.1 Open Perils

        8.1.1 Market Trends

        8.1.2 Market Forecast

    8.2 Named Perils

        8.2.1 Market Trends

        8.2.2 Market Forecast

9 Market Breakup by Region

    9.1 North America

        9.1.1 United States

           9.1.1.1 Market Trends

           9.1.1.2 Market Forecast

        9.1.2 Canada

           9.1.2.1 Market Trends

           9.1.2.2 Market Forecast

    9.2 Asia-Pacific

        9.2.1 China

           9.2.1.1 Market Trends

           9.2.1.2 Market Forecast

        9.2.2 Japan

           9.2.2.1 Market Trends

           9.2.2.2 Market Forecast

        9.2.3 India

           9.2.3.1 Market Trends

           9.2.3.2 Market Forecast

        9.2.4 South Korea

           9.2.4.1 Market Trends

           9.2.4.2 Market Forecast

        9.2.5 Australia

           9.2.5.1 Market Trends

           9.2.5.2 Market Forecast

        9.2.6 Indonesia

           9.2.6.1 Market Trends

           9.2.6.2 Market Forecast

        9.2.7 Others

           9.2.7.1 Market Trends

           9.2.7.2 Market Forecast

    9.3 Europe

        9.3.1 Germany

           9.3.1.1 Market Trends

           9.3.1.2 Market Forecast

        9.3.2 France

           9.3.2.1 Market Trends

           9.3.2.2 Market Forecast

        9.3.3 United Kingdom

           9.3.3.1 Market Trends

           9.3.3.2 Market Forecast

        9.3.4 Italy

           9.3.4.1 Market Trends

           9.3.4.2 Market Forecast

        9.3.5 Spain

           9.3.5.1 Market Trends

           9.3.5.2 Market Forecast

        9.3.6 Russia

           9.3.6.1 Market Trends

           9.3.6.2 Market Forecast

        9.3.7 Others

           9.3.7.1 Market Trends

           9.3.7.2 Market Forecast

    9.4 Latin America

        9.4.1 Brazil

           9.4.1.1 Market Trends

           9.4.1.2 Market Forecast

        9.4.2 Mexico

           9.4.2.1 Market Trends

           9.4.2.2 Market Forecast

        9.4.3 Others

           9.4.3.1 Market Trends

           9.4.3.2 Market Forecast

    9.5 Middle East and Africa

        9.5.1 Market Trends

        9.5.2 Market Breakup by Country

        9.5.3 Market Forecast

10 SWOT Analysis

    10.1 Overview

    10.2 Strengths

    10.3 Weaknesses

    10.4 Opportunities

    10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

    12.1 Overview

    12.2 Bargaining Power of Buyers

    12.3 Bargaining Power of Suppliers

    12.4 Degree of Competition

    12.5 Threat of New Entrants

    12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

    14.1 Market Structure

    14.2 Key Players

    14.3 Profiles of Key Players

        14.3.1 Aegon Life Insurance Company Limited

           14.3.1.1 Company Overview

           14.3.1.2 Product Portfolio

        14.3.2 Allianz SE

           14.3.2.1 Company Overview

           14.3.2.2 Product Portfolio

           14.3.2.3 Financials

           14.3.2.4 SWOT Analysis

        14.3.3 Aviva plc

           14.3.3.1 Company Overview

           14.3.3.2 Product Portfolio

           14.3.3.3 Financials

           14.3.3.4 SWOT Analysis

        14.3.4 Axa S.A.

           14.3.4.1 Company Overview

           14.3.4.2 Product Portfolio

           14.3.4.3 Financials

           14.3.4.4 SWOT Analysis

        14.3.5 Insureon (HUB International Limited)

           14.3.5.1 Company Overview

           14.3.5.2 Product Portfolio

        14.3.6 Nationwide Mutual Insurance Company

           14.3.6.1 Company Overview

           14.3.6.2 Product Portfolio

           14.3.6.3 SWOT Analysis

        14.3.7 Prudential Financial Inc.

           14.3.7.1 Company Overview

           14.3.7.2 Product Portfolio

           14.3.7.3 Financials

           14.3.7.4 SWOT Analysis

        14.3.8 State Farm Mutual Automobile Insurance Company

           14.3.8.1 Company Overview

           14.3.8.2 Product Portfolio

           14.3.8.3 SWOT Analysis

        14.3.9 The Hartford Financial Services Group Inc

           14.3.9.1 Company Overview

           14.3.9.2 Product Portfolio

           14.3.9.3 Financials

           14.3.9.4 SWOT Analysis