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Written by Manya » Updated on: July 07th, 2024
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
If you want the latest primary and secondary data (2024-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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
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