1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Property Insurance

Property Insurance Solutions: Top Market Reports

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2 votes

Global Property Insurance Industry Report

Property insurance provides protection against risks to property, such as fire, theft and some weather damage. This cover can include home insurance, renters’ insurance, flood insurance and earthquake insurance. Personal property is generally covered by a homeowners or renters policy, unless it is of particularly high value, in which case it can usually be covered by purchasing an addition to the policy called a "rider". If a claim is filed, the policy will either reimburse the holder of the policy for the actual cost of repairing the damage, or the replacement cost of the item.

Berkshire Hathaway, AXA, Zurich Insurance Group, ACE Group and China Life Insurance are some of the prominent players operating in the industry.

Key Segments

There is a range of types of property insurance based on the type of cover:

Home Insurance: A form of property cover designed to protect an individual's home against damage to the building, or to possessions in the home.  This can be further categorized as buildings insurance & contents insurance. In some countries these are offered as two different covers and in some countries both are included. While home insurance generally covers most situations where loss could occur, some events are typically excluded from policies, namely: earthquakes, floods, acts of war.

Renters’ policy:  This insurance provides coverage for a policy holder's belongings within a rental property and for the owner’s legal liability to the tenant.

Commercial property cover: This protects commercial property from perils like fire, theft and natural disaster. Generally businesses, including manufacturers, retailers, service-oriented businesses and not-for-profit organizations are the policy holders for this type of protection.

Property insurance can also provide cover against open perils or named perils:

Open perils: Refers to policy that insures against loss to cover property from all causes except those that are specifically excluded. This type of protection is expensive because it is more comprehensive.

Named perils: The named peril policy covers losses caused to covered property only by the perils explicitly listed in the policy. A typical broad form of named peril insurance includes cover from fire, windstorm, hail, riot, vandalism, explosion and smoke. Flood insurance and earthquake insurance are two other common examples of named peril policies.

Regional Market Shares

The insurance industry in the US is the largest of any country in the world in terms of revenue and insurance premiums historically contributed around 8% of GDP in the US. Gross premiums written total more than $1 trillion and of this property/casualty (P/C) insurers account for more than 45%.The US market for property cover is fragmented with State Farm Group, Allstate Insurance Group and Farmers Insurance Group the leading providers in this industry.

Europe is a more than a €1.1 trillion industry for insurance, of which gross property premiums total more than €90 billion. Germany, France, UK are the largest markets for home cover in Europe.  The Generali Group and Allianz are some of the leading companies in the property protection industry in Europe.

In Japan property insurance is more than a $14 billion industry and is projected to rise to more than an $18 billion industry in the medium term. American Home Assurance Company and MS&AD Insurance Group Holdings, Inc. are key players.

Read more »

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 300 reports

Global Property Insurance Industry

  • June 2015
    6 pages
  • Property Insura...  

    Insurance  

  • World  

View report >

Property Insurance Industry in the US

  • March 2017
    20 pages
  • Property Insura...  

    Flood Insurance  

  • United States  

View report >

Property Insurance Industry in Germany - Forecast

  • September 2015
    6 pages
  • Germany  

    Europe  

    World  

View report >

Property Insurance Markets in the UK

  • December 2015
    32 pages
  • Property Insura...  

  • United Kingdom  

View report >

Reinsurance Forecast in the US

  • June 2017
    2 pages
  • Reinsurance  

    Flood Insurance  

  • United States  

View report >

Insurance Industry in Japan

  • May 2017
    26 pages
  • Insurance  

    Natural Catastr...  

  • Japan  

    Asia  

    United States  

View report >

Flood Insurance Industry in the US

  • May 2017
    3 pages
  • Flood Insurance  

  • United States  

View report >

Flood Insurance Industry in Ireland

  • May 2017
    24 pages
  • Flood Insurance  

    Insurance  

  • Ireland  

    Europe  

View report >

Insurance Statistics in the UK

  • April 2017
    26 pages
  • Insurance  

    Home Insurance  

  • United Kingdom  

    Europe  

View report >

Flood Insurance Industry in the US

  • April 2017
    32 pages
  • Flood Insurance  

    Insurance  

  • United States  

View report >

Search in Property Insurance Industry (About 300 reports)
Parent industry: Insurance
Related industries: Life Insurance, Reinsurance, Pension, Health Insurance

About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 1450 - $ 3800)

Property Insurance in Emerging Asia

  • $ 3800
  • Industry report
  • May 2017
  • by Timetric

Synopsis Timetric’s 'Insight Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low ...

Targeting Millennials With Insurance

April 2017 $ 2795

Non-life Insurance In Ireland, Key Trends And Opportuni ...

May 2017 $ 1450

Non-life Insurance In Romania, Key Trends And Opportuni ...

May 2017 $ 1450

Non-life Insurance In Qatar, Key Trends And Opportuniti ...

May 2017 $ 1450

Non-life Insurance In South Africa, Key Trends And Oppo ...

May 2017 $ 1450

Non-life Insurance In Hong Kong, Key Trends And Opportu ...

May 2017 $ 1450

Non-life Insurance In The Netherlands, Key Trends And O ...

April 2017 $ 1450

Non-life Insurance In Spain, Key Trends And Opportuniti ...

April 2017 $ 1450

Market Attractiveness And Future Prospects Of The Bahra ...

April 2017 $ 1450

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.