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Global Catastrophe Insurance Market Research Report 2024
Synopsis
Catastrophe insurance is a kind of insurance that protects both commercial and residential sectors against natural disasters like floods and hurricanes, earthquakes, and man-made adversities such as terrorist attacks. Besides human fatalities, natural catastrophes also cause significant financial losses. This type of insurance is generally excluded from standard hazard insurance policies owing to its low-probability. Insurers adapt to uncertain catastrophic risks by increasing their insurance rates, which in turn leads to lower loss ratios post-catastrophic events. Catastrophic losses due to natural disasters are very problematic and complicated from an insurance standpoint. The firms with low levels of homeowners’ premiums are most adversely affected by the catastrophes.
The global Catastrophe Insurance market was valued at US$ 1976.2 million in 2023 and is anticipated to reach US$ 2464.9 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
This industry research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows. Catastrophe bonds help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital. Cat bonds or catastrophic bonds can transfer insurance risk to the capital markets, and have evolved into valuable risk management and investment tools and also provide an alternative means to capitalize reinsurance transactions.
This report aims to provide a comprehensive presentation of the global market for Catastrophe Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Catastrophe Insurance.
Report Scope
The Catastrophe Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Catastrophe Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Catastrophe Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AIG
Allianz
AXA
Berkshire Hathaway
Lloyds
Allstate
Aviva
Liberty Mutual
Zurich Insurance Group
Segment by Type
Flood Insurance
Storm Insurance for Hurricanes and Tornadoes
Earthquake Insurance
Volcano Insurance
Segment by Application
Businesses
Residences
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Catastrophe Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Catastrophe insurance is a kind of insurance that protects both commercial and residential sectors against natural disasters like floods and hurricanes, earthquakes, and man-made adversities such as terrorist attacks. Besides human fatalities, natural catastrophes also cause significant financial losses. This type of insurance is generally excluded from standard hazard insurance policies owing to its low-probability. Insurers adapt to uncertain catastrophic risks by increasing their insurance rates, which in turn leads to lower loss ratios post-catastrophic events. Catastrophic losses due to natural disasters are very problematic and complicated from an insurance standpoint. The firms with low levels of homeowners’ premiums are most adversely affected by the catastrophes.
The global Catastrophe Insurance market was valued at US$ 1976.2 million in 2023 and is anticipated to reach US$ 2464.9 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.
This industry research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows. Catastrophe bonds help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital. Cat bonds or catastrophic bonds can transfer insurance risk to the capital markets, and have evolved into valuable risk management and investment tools and also provide an alternative means to capitalize reinsurance transactions.
This report aims to provide a comprehensive presentation of the global market for Catastrophe Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Catastrophe Insurance.
Report Scope
The Catastrophe Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Catastrophe Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Catastrophe Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
AIG
Allianz
AXA
Berkshire Hathaway
Lloyds
Allstate
Aviva
Liberty Mutual
Zurich Insurance Group
Segment by Type
Flood Insurance
Storm Insurance for Hurricanes and Tornadoes
Earthquake Insurance
Volcano Insurance
Segment by Application
Businesses
Residences
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Catastrophe Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Catastrophe Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Flood Insurance
1.2.3 Storm Insurance for Hurricanes and Tornadoes
1.2.4 Earthquake Insurance
1.2.5 Volcano Insurance
1.3 Market by Application
1.3.1 Global Catastrophe Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Businesses
1.3.3 Residences
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Catastrophe Insurance Market Perspective (2019-2030)
2.2 Catastrophe Insurance Growth Trends by Region
2.2.1 Global Catastrophe Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Catastrophe Insurance Historic Market Size by Region (2019-2024)
2.2.3 Catastrophe Insurance Forecasted Market Size by Region (2025-2030)
2.3 Catastrophe Insurance Market Dynamics
2.3.1 Catastrophe Insurance Industry Trends
2.3.2 Catastrophe Insurance Market Drivers
2.3.3 Catastrophe Insurance Market Challenges
2.3.4 Catastrophe Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Catastrophe Insurance Players by Revenue
3.1.1 Global Top Catastrophe Insurance Players by Revenue (2019-2024)
3.1.2 Global Catastrophe Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Catastrophe Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Catastrophe Insurance Revenue
3.4 Global Catastrophe Insurance Market Concentration Ratio
3.4.1 Global Catastrophe Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Catastrophe Insurance Revenue in 2023
3.5 Catastrophe Insurance Key Players Head office and Area Served
3.6 Key Players Catastrophe Insurance Product Solution and Service
3.7 Date of Enter into Catastrophe Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Catastrophe Insurance Breakdown Data by Type
4.1 Global Catastrophe Insurance Historic Market Size by Type (2019-2024)
4.2 Global Catastrophe Insurance Forecasted Market Size by Type (2025-2030)
5 Catastrophe Insurance Breakdown Data by Application
5.1 Global Catastrophe Insurance Historic Market Size by Application (2019-2024)
5.2 Global Catastrophe Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Catastrophe Insurance Market Size (2019-2030)
6.2 North America Catastrophe Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Catastrophe Insurance Market Size by Country (2019-2024)
6.4 North America Catastrophe Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Catastrophe Insurance Market Size (2019-2030)
7.2 Europe Catastrophe Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Catastrophe Insurance Market Size by Country (2019-2024)
7.4 Europe Catastrophe Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Catastrophe Insurance Market Size (2019-2030)
8.2 Asia-Pacific Catastrophe Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Catastrophe Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Catastrophe Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Catastrophe Insurance Market Size (2019-2030)
9.2 Latin America Catastrophe Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Catastrophe Insurance Market Size by Country (2019-2024)
9.4 Latin America Catastrophe Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Catastrophe Insurance Market Size (2019-2030)
10.2 Middle East & Africa Catastrophe Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Catastrophe Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Catastrophe Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 AIG
11.1.1 AIG Company Detail
11.1.2 AIG Business Overview
11.1.3 AIG Catastrophe Insurance Introduction
11.1.4 AIG Revenue in Catastrophe Insurance Business (2019-2024)
11.1.5 AIG Recent Development
11.2 Allianz
11.2.1 Allianz Company Detail
11.2.2 Allianz Business Overview
11.2.3 Allianz Catastrophe Insurance Introduction
11.2.4 Allianz Revenue in Catastrophe Insurance Business (2019-2024)
11.2.5 Allianz Recent Development
11.3 AXA
11.3.1 AXA Company Detail
11.3.2 AXA Business Overview
11.3.3 AXA Catastrophe Insurance Introduction
11.3.4 AXA Revenue in Catastrophe Insurance Business (2019-2024)
11.3.5 AXA Recent Development
11.4 Berkshire Hathaway
11.4.1 Berkshire Hathaway Company Detail
11.4.2 Berkshire Hathaway Business Overview
11.4.3 Berkshire Hathaway Catastrophe Insurance Introduction
11.4.4 Berkshire Hathaway Revenue in Catastrophe Insurance Business (2019-2024)
11.4.5 Berkshire Hathaway Recent Development
11.5 Lloyds
11.5.1 Lloyds Company Detail
11.5.2 Lloyds Business Overview
11.5.3 Lloyds Catastrophe Insurance Introduction
11.5.4 Lloyds Revenue in Catastrophe Insurance Business (2019-2024)
11.5.5 Lloyds Recent Development
11.6 Allstate
11.6.1 Allstate Company Detail
11.6.2 Allstate Business Overview
11.6.3 Allstate Catastrophe Insurance Introduction
11.6.4 Allstate Revenue in Catastrophe Insurance Business (2019-2024)
11.6.5 Allstate Recent Development
11.7 Aviva
11.7.1 Aviva Company Detail
11.7.2 Aviva Business Overview
11.7.3 Aviva Catastrophe Insurance Introduction
11.7.4 Aviva Revenue in Catastrophe Insurance Business (2019-2024)
11.7.5 Aviva Recent Development
11.8 Liberty Mutual
11.8.1 Liberty Mutual Company Detail
11.8.2 Liberty Mutual Business Overview
11.8.3 Liberty Mutual Catastrophe Insurance Introduction
11.8.4 Liberty Mutual Revenue in Catastrophe Insurance Business (2019-2024)
11.8.5 Liberty Mutual Recent Development
11.9 Zurich Insurance Group
11.9.1 Zurich Insurance Group Company Detail
11.9.2 Zurich Insurance Group Business Overview
11.9.3 Zurich Insurance Group Catastrophe Insurance Introduction
11.9.4 Zurich Insurance Group Revenue in Catastrophe Insurance Business (2019-2024)
11.9.5 Zurich Insurance Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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