#Global #Property #Insurance #Market #Expected #Reach
Portland, OR, Oct. 28, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global property insurance market generated $15897.8 billion in 2021 and is estimated to hit $38708.5 billion by 2031, registering a CAGR of 9.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Download Report (260+ Pages PDF with Insights, Charts, Tables, Figures):
https://www.alliedmarketresearch.com/request-sample/6363
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, End User, Application, and Region |
| Drivers | Surge in digital transformation among industries |
| Increase in the penetration of internet & mobile devices across the world | |
| Rise in need for finance among businesses and individuals to house insurance | |
| Opportunities | Increase in prices of real estate in developing countries |
| The acceleration of metropolitan cities across the globe | |
| Restraints | Enforcement of strong rules by banks and financial institutions for providing housing finance |
Covid-19 scenario-
- The global property insurance market saw a stable growth during the COVID-19 pandemic, owing to the economic slowdown, unpredictability in global financial sectors, and highly volatile market.
- Investors witnessed immediate effects on their current portfolios, which had an influence on insurance companies.
- According to insurers and their associations throughout the world, a majority of policyholders do not have house insurance that can cover business interruption losses brought on by the COVID-19…
Read on GNW: Global Property Insurance Market Is Expected to Reach
