The global construction insurance market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for construction projects and the need for risk management in these projects. The professional liability segment accounted for the largest share of this market in 2018, followed by property and casualty segment. The digital and direct channels are expected to witness significant growth during the forecast period owing to their convenience and affordability over other channels such as agency or bancassurance. North America was estimated as the largest regional market in 2018, followed by Europe, Asia Pacific, Latin America and Middle East & Africa respectively.
- Construction insurance is a type of property insurance that covers the cost of repairing or replacing buildings and other structures damaged by natural disasters, accidents, or vandalism.
- Construction Insurance can be purchased as an add-on to homeowners' policies for an additional premium charge; it can also be purchased separately from homeowners' policies for a higher premium charge but with more coverage options than are available in standard homeowners' policies.
- The construction industry has been growing steadily since the end of the recession in 2009 and is expected to continue to grow at about 3% per year through 2020 according to Moody's Analytics.
Industry Growth Insights published a new data on “Construction Insurance Market”. The research report is titled “Construction Insurance Market research by Types (Professional Liability, Property and Casualty), By Applications (Agency, Bancassurance, Digital & Direct Channels), By Players/Companies Allianz, AIG, Tokio Marine, ACE&Chubb, XL Group, QBE, Zurich Insurance, ACE&Chubb, AXA, Beazley, Munich Re, Mapfre, Manulife, Nationwide, State Farm, Berkshire Hathaway, Liberty Mutual, Travelers”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Insurance Market Research Report
By Type
Professional Liability, Property and Casualty
By Application
Agency, Bancassurance, Digital & Direct Channels
By Companies
Allianz, AIG, Tokio Marine, ACE&Chubb, XL Group, QBE, Zurich Insurance, ACE&Chubb, AXA, Beazley, Munich Re, Mapfre, Manulife, Nationwide, State Farm, Berkshire Hathaway, Liberty Mutual, Travelers
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Construction Insurance Market Report Segments:
The global Construction Insurance market is segmented on the basis of:
Types
Professional Liability, Property and Casualty
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agency, Bancassurance, Digital & Direct Channels
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz
- AIG
- Tokio Marine
- ACE&Chubb
- XL Group
- QBE
- Zurich Insurance
- ACE&Chubb
- AXA
- Beazley
- Munich Re
- Mapfre
- Manulife
- Nationwide
- State Farm
- Berkshire Hathaway
- Liberty Mutual
- Travelers
Highlights of The Construction Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Professional Liability
- Property and Casualty
- By Application:
- Agency
- Bancassurance
- Digital & Direct Channels
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction insurance is a type of insurance that helps protect businesses and individuals from financial losses caused by accidents or damage during the construction process. Coverage can include work site injuries, property damage, and even loss of business income.
Some of the key players operating in the construction insurance market are Allianz, AIG, Tokio Marine, ACE&Chubb, XL Group, QBE, Zurich Insurance, ACE&Chubb, AXA, Beazley, Munich Re, Mapfre, Manulife, Nationwide, State Farm, Berkshire Hathaway, Liberty Mutual, Travelers.
The construction insurance market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Construction Insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Construction Insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Construction Insurance Market - Supply Chain
4.5. Global Construction Insurance Market Forecast
4.5.1. Construction Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Construction Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Construction Insurance Market Absolute $ Opportunity
5. Global Construction Insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Construction Insurance Market Size and Volume Forecast by Type
5.3.1. Professional Liability
5.3.2. Property and Casualty
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Construction Insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Construction Insurance Market Size and Volume Forecast by Application
6.3.1. Agency
6.3.2. Bancassurance
6.3.3. Digital & Direct Channels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Construction Insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Construction Insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Construction Insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Construction Insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Construction Insurance Demand Share Forecast, 2019-2026
9. North America Construction Insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Construction Insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Construction Insurance Market Size and Volume Forecast by Application
9.4.1. Agency
9.4.2. Bancassurance
9.4.3. Digital & Direct Channels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Construction Insurance Market Size and Volume Forecast by Type
9.7.1. Professional Liability
9.7.2. Property and Casualty
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Construction Insurance Demand Share Forecast, 2019-2026
10. Latin America Construction Insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Construction Insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Construction Insurance Market Size and Volume Forecast by Application
10.4.1. Agency
10.4.2. Bancassurance
10.4.3. Digital & Direct Channels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Construction Insurance Market Size and Volume Forecast by Type
10.7.1. Professional Liability
10.7.2. Property and Casualty
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Construction Insurance Demand Share Forecast, 2019-2026
11. Europe Construction Insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Construction Insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Construction Insurance Market Size and Volume Forecast by Application
11.4.1. Agency
11.4.2. Bancassurance
11.4.3. Digital & Direct Channels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Construction Insurance Market Size and Volume Forecast by Type
11.7.1. Professional Liability
11.7.2. Property and Casualty
11.8. Basis Point Share (BPS) Analysis b Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Construction Insurance Demand Share, 2019-2026
12. Asia Pacific Construction Insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Construction Insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Construction Insurance Market Size and Volume Forecast by Application
12.4.1. Agency
12.4.2. Bancassurance
12.4.3. Digital & Direct Channels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Construction Insurance Market Size and Volume Forecast by Type
12.7.1. Professional Liability
12.7.2. Property and Casualty
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Construction Insurance Demand Share, 2019-2026
13. Middle East & Africa Construction Insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Construction Insurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Construction Insurance Market Size and Volume Forecast by Application
13.4.1. Agency
13.4.2. Bancassurance
13.4.3. Digital & Direct Channels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Construction Insurance Market Size and Volume Forecast by Type
13.7.1. Professional Liability
13.7.2. Property and Casualty
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Construction Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Construction Insurance Market: Market Share Analysis
14.2. Construction Insurance Distributors and Customers
14.3. Construction Insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Allianz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AIG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tokio Marine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ACE&Chubb
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. XL Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. QBE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zurich Insurance
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ACE&Chubb
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AXA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beazley
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Munich Re
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mapfre
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Manulife
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nationwide
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. State Farm
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Berkshire Hathaway
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Liberty Mutual
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Travelers
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook