Market Overview:
The global natural disaster insurance market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing awareness about natural disaster insurance and its benefits, rising number of natural disasters, and growing demand for property insurance. However, the high cost associated with natural disaster insurance may restrain the growth of this market during the forecast period. On the basis of type, life insurance accounted for a major share of the global natural disaster insurance market in 2017. This segment is expected to grow at a CAGR of X.X% during the forecast period.
Product Definition:
Natural disaster insurance is a type of property insurance that helps protect policyholders from losses caused by natural disasters such as hurricanes, earthquakes and floods. The importance of natural disaster insurance depends on the individual. Some people may feel that they do not need it because they do not live in an area where natural disasters are likely to occur. Others may feel that it is important to have because a major disaster could potentially cause significant financial losses.
Life Insurance:
Life insurance is a contract between an insurer and an insured, under which the former promises to pay the latter a sum of money upon the death of the former. The basic premise behind life insurance is to provide financial security to those who are unable to acquire it through savings or wealth. Life insurance provides benefits such as income for dependents, protection against high costs of final expenses, and estate planning.
Non-Life Insurance:
Non-life insurance is a policy wherein the premiums you pay are not used to cover death or injury but to cover financial obligations of an event that happens in the future. For instance, if I were to buy a non-life insurance policy today and tomorrow my company was going down and all my co-workers were fired, I would have paid premium for this policy but it would not be applicable when I needed it most.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017 and is expected to witness significant growth over the forecast period. The growing construction sector, coupled with increasing investments by governments in infrastructure development, has led to an increase in the number of buildings that are susceptible to natural disasters such as earthquakes, floods and volcano eruptions. As a result, companies have started offering coverage for these risks under this segment.
Regional Analysis:
Asia Pacific was the largest market in 2016 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing natural calamities, which have resulted in a growing demand for insurance products. For instance, Cyclone Mahasen impacted Vietnam and China in 2015, killing around 200 people while inflicting massive damage on infrastructure and agriculture production. This led to a rise in demand for disaster risk management policies among businesses as well as individuals across these countries.
North America also accounted for a significant share of the global revenue due to high adoption of innovative technologies such as big data analytics that are used by underwriters to price risks more accurately across this region.
Growth Factors:
- Increasing awareness about the benefits of natural disaster insurance policies
- Rising number of natural disasters across the globe
- Rapid urbanization and development in high-risk areas
- Growing demand for customized insurance products
- Proliferation of online distribution channels
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Disaster Insurance Market Research Report
By Type
Life Insurance, Non-Life Insurance
By Application
Commercial, Residential, Other
By Companies
Allianz, Zurich, Allstate, Tokio Marine, Assurant, Chubb, PICC, Sompo Japan Nipponkoa, CPIC, PingAn, Sunshine, Berkshire Hathaway, Suncorp, Progressive, American Strategic
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Natural Disaster Insurance Market Report Segments:
The global Natural Disaster Insurance market is segmented on the basis of:
Types
Life Insurance, Non-Life Insurance
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
Commercial, Residential, Other
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
- Zurich
- Allstate
- Tokio Marine
- Assurant
- Chubb
- PICC
- Sompo Japan Nipponkoa
- CPIC
- PingAn
- Sunshine
- Berkshire Hathaway
- Suncorp
- Progressive
- American Strategic
Highlights of The Natural Disaster 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:
- Life Insurance
- Non-Life Insurance
- By Application:
- Commercial
- Residential
- Other
- 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 Natural Disaster 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
Natural disaster insurance is a type of insurance that helps protect individuals and businesses from losses caused by natural disasters. These include floods, hurricanes, earthquakes, tornadoes, and wildfires.
Some of the major companies in the natural disaster insurance market are Allianz, Zurich, Allstate, Tokio Marine, Assurant, Chubb, PICC, Sompo Japan Nipponkoa, CPIC, PingAn, Sunshine, Berkshire Hathaway, Suncorp, Progressive, American Strategic.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Disaster Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Natural Disaster Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Disaster Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Natural Disaster Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Natural Disaster Insurance Market Size & Forecast, 2018-2028
4.5.1 Natural Disaster Insurance Market Size and Y-o-Y Growth
4.5.2 Natural Disaster Insurance Market Absolute $ Opportunity
Chapter 5 Global Natural Disaster Insurance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Natural Disaster Insurance Market Size Forecast by Type
5.2.1 Life Insurance
5.2.2 Non-Life Insurance
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Natural Disaster Insurance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Natural Disaster Insurance Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Disaster Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Disaster Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Natural Disaster Insurance Analysis and Forecast
9.1 Introduction
9.2 North America Natural Disaster Insurance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Natural Disaster Insurance Market Size Forecast by Type
9.6.1 Life Insurance
9.6.2 Non-Life Insurance
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Natural Disaster Insurance Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Natural Disaster Insurance Analysis and Forecast
10.1 Introduction
10.2 Europe Natural Disaster Insurance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Natural Disaster Insurance Market Size Forecast by Type
10.6.1 Life Insurance
10.6.2 Non-Life Insurance
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Natural Disaster Insurance Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Natural Disaster Insurance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Natural Disaster Insurance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Natural Disaster Insurance Market Size Forecast by Type
11.6.1 Life Insurance
11.6.2 Non-Life Insurance
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Natural Disaster Insurance Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Natural Disaster Insurance Analysis and Forecast
12.1 Introduction
12.2 Latin America Natural Disaster Insurance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Natural Disaster Insurance Market Size Forecast by Type
12.6.1 Life Insurance
12.6.2 Non-Life Insurance
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Natural Disaster Insurance Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Natural Disaster Insurance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Natural Disaster Insurance Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Natural Disaster Insurance Market Size Forecast by Type
13.6.1 Life Insurance
13.6.2 Non-Life Insurance
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Natural Disaster Insurance Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Disaster Insurance Market: Competitive Dashboard
14.2 Global Natural Disaster Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allianz
14.3.2 Zurich
14.3.3 Allstate
14.3.4 Tokio Marine
14.3.5 Assurant
14.3.6 Chubb
14.3.7 PICC
14.3.8 Sompo Japan Nipponkoa
14.3.9 CPIC
14.3.10 PingAn
14.3.11 Sunshine
14.3.12 Berkshire Hathaway
14.3.13 Suncorp
14.3.14 Progressive
14.3.15 American Strategic
