Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Construction Insurance Market by Type (Professional Liability, Property and Casualty), By Application (Agency, Bancassurance, Digital & Direct Channels) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Construction Insurance Market by Type (Professional Liability, Property and Casualty), By Application (Agency, Bancassurance, Digital & Direct Channels) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 172410 3300 IT & Telecom 377 234 Pages 4.9 (43)
                                          

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.

  1. 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.
  2. 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.
  3. 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 Industry Outlook


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:

  1. Allianz
  2. AIG
  3. Tokio Marine
  4. ACE&Chubb
  5. XL Group
  6. QBE
  7. Zurich Insurance
  8. ACE&Chubb
  9. AXA
  10. Beazley
  11. Munich Re
  12. Mapfre
  13. Manulife
  14. Nationwide
  15. State Farm
  16. Berkshire Hathaway
  17. Liberty Mutual
  18. Travelers

Global Construction Insurance Market Overview


Highlights of The Construction Insurance Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Professional Liability
    2. Property and Casualty
  1. By Application:

    1. Agency
    2. Bancassurance
    3. Digital & Direct Channels
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Construction Insurance Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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