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Property And Casualty Insurance Market

Property And Casualty Insurance Market

Property and Casualty Insurance Market, By Insurance Type (Auto, Home, Marine, Others (Burglary, Professional Liability, All Risk Insurance)); By Distribution Channel (Individual Agents, Brokers, Banks, Direct); By Region (North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)), Global Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: November 2024
  • Report ID: BWC24894
  • Available Format: PDF
  • Page: 505

Report Overview

Growing awareness about risk management during the rising frequency of natural disasters, technological advancements in underwriting and claims processing, and a spurring demand for coverage in emerging markets are expected to propel the growth of Global Property and Casualty Insurance Market during the forecast period between 2024 and 2030.

Global Property and Casualty Insurance Market – Industry Trends & Forecast Report, 2030

Global Property and Casualty Insurance Market size was estimated at USD 1,845.5 billion in 2023. During the forecast period between 2024 and 2030, the size of Global Property and Casualty Insurance Market is projected to grow at a CAGR of 8.29% reaching a value of USD 2,987.6 billion by 2030. The growth of Global Property and Casualty Insurance Market is propelled by increasing frequency and severity of natural disasters, expanding urbanization driving demand for coverage, regulatory mandates mandating insurance, and technological advancements enhancing risk assessment. Also, growing awareness of the need for insurance, coupled with rising disposable incomes in emerging economies, fuels market expansion. The evolving threat landscape, including cyber risks, also contributes to the market's growth as businesses seek comprehensive protection. Further, innovations in insurance products and distribution channels, along with a focus on data analytics for improved underwriting, contribute to the market's dynamism and sustained development.

Property and Casualty Insurance Market

Property and Casualty Insurance - Overview

Property and casualty insurance encompasses coverage for property damage and liability risks. It safeguards individuals and businesses against financial losses arising from events such as accidents, theft, natural disasters, and legal liabilities. This type of insurance protects physical assets like homes, vehicles, and businesses, providing financial support for repairs or replacements and legal expenses. It plays a crucial role in mitigating the financial impact of unforeseen events, offering policyholders peace of mind and stability in the face of unexpected circumstances.

Growth Drivers

Growth and Expansion of Real Estate Industry

The burgeoning global real estate sector is boosting the growth of Global Property and Casualty Insurance Market. Increasing property values and a burgeoning real estate market contribute to heightened demand for insurance coverage. As property investments soar, insurers capitalize on opportunities to provide comprehensive coverage, attracting a larger customer base. This symbiotic relationship between the expanding real estate sector and the insurance market not only fosters financial security for property owners but also propels the insurance industry to new heights, creating a dynamic landscape for sustained growth and development.

Restraints

Increasing Concerns Regarding Data Privacy and Security

In response to the escalating apprehensions surrounding data privacy and security, the companies in Global Property and Casualty Insurance Market must adopt stringent measures. Heightened regulatory frameworks, advanced encryption protocols, and comprehensive employee training are imperative to fortify the sector against potential breaches. This restraint emphasizes the urgent need for industry-wide collaboration to establish robust cybersecurity standards, ensuring that sensitive customer information remains shielded from evolving cyber threats. Proactive initiatives must be embraced to build resilience, foster consumer trust, and uphold the integrity of the property and casualty insurance landscape in an increasingly interconnected digital era.

Impact of Escalating Geopolitical Tensions on Global Property and Casualty Insurance Market

Intensifying geopolitical tensions among countries and their further spreading across the major regions could significantly impact the growth of Global Property and Casualty Insurance Market. Heightened risks, such as wars, political instability, and sanctions, lead to increased uncertainties and volatilities, prompting insurers to adjust pricing and terms. For life insurance, geopolitical instabilities could drive demand for products focused on financial security and protection against uncertain futures. On the property insurance side, insurance companies may face higher claims related to property damage, business interruption, and liability coverage in conflict zones. Insurers may also raise premiums or withdraw from high-risk regions, impacting overall market dynamics. Political and economic tensions also affect investment portfolios, influencing the profitability of insurers globally. Ultimately, global instability could drive both risks and opportunities in Global Property and Casualty Insurance Market.

Global Property and Casualty Insurance Market

Segmental Coverage

Global Property and Casualty Insurance Market  – By Insurance Type

Based on insurance type, Global Property and Casualty Insurance Market is divided into Auto, Home, Marine, and other (Burglary, Professional Liability, and All Risk Insurance) segments. The auto insurance segment stands out as the largest insurance type segment, reflecting the substantial demand for coverage in the automotive sector. Auto insurance policies address insurance needs related to vehicles, emphasizing the significance of automobile coverage in the overall property and casualty insurance landscape. While other segments like Home and Marine play crucial roles, Auto insurance remains a dominant force, catering to the extensive and diverse needs of the global consumer base.

Property and Casualty Insurance Market Size

Global Property and Casualty Insurance Market  – By Distribution Channel

By distribution channel, Global Property and Casualty Insurance Market is divided into Individual Agents, Brokers, Banks, Direct, and other (Not Covered Elsewhere) segments. The brokers segment is the largest distribution channel in Global Property and Casualty Insurance Market. Brokers play a pivotal role in facilitating transactions between insurance providers and consumers, leveraging their expertise to match clients with suitable coverage options. This segment's significance lies in the personalized and comprehensive service it offers, navigating the complexities of insurance policies for individuals and businesses. Brokers act as intermediaries, ensuring clients receive tailored solutions and optimal coverage. Their ability to provide advice, negotiate terms, and navigate the diverse landscape of insurance products positions them as key players in the market.

Property and Casualty Insurance Market  Share

Global Property and Casualty Insurance Market  – By Region

Geographically, Global Property and Casualty Insurance Market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA) segments. North America holds the largest share, driven by a mature insurance industry, regulatory framework, and high awareness of risk management. The region's economic development, coupled with technological advancements, contributes to the dominance of North America in the Global Property and Casualty Insurance Market. The region’s leadership position in the market is further bolstered by a robust infrastructure, strong demand for insurance products, and a well-established insurance culture.

Property and Casualty Insurance Market Demand

Competitive Landscape

Major players in the Global Property and Casualty Insurance Market include Allianz SE, American International Group Inc., AXA Group, Berkshire Hathaway Inc., Chubb Ltd, CNA Financial Corp, ICICI Bank Ltd, Liberty Mutual Insurance Co., Mitsubishi Corp, Munich Reinsurance Co, Nationwide Mutual Insurance Co., Sompo Holdings Inc., The Allstate Corp., The Travelers Co. Inc., and Universal Insurance Holdings Inc. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific (APAC), Latin America (LATAM), Middle East and Africa (MEA)

Product/Service Segmentation

Insurance Type, Distribution Channel, Region

Key Players

Allianz SE, American International Group Inc., AXA Group, Berkshire Hathaway Inc., Chubb Ltd, CNA Financial Corp, ICICI Bank Ltd, Liberty Mutual Insurance Co., Mitsubishi Corp, Munich Reinsurance Co, Nationwide Mutual Insurance Co., Sompo Holdings Inc., The Allstate Corp., The Travelers Co. Inc., Universal Insurance Holdings Inc.

 

 

By Insurance Type

  • Auto

  • Home

  • Marine

  • Others (Burglary, Professional Liability, All Risk Insurance)

By Distribution Channel

  • Individual Agents

  • Brokers

  • Banks

  • Direct

By Region

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America (LATAM)

  • Middle East and Africa (MEA)

  1. Research Framework
    1. Research Objective
    2. Insurance Type Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Property and Casualty Insurance Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growth and expansion of real estate industry
        2. Growing concern for the safety of the property
        3. Increasing demand for auto, home, marine, and other insurance
      2. Restraints
        1. Low interest rates
        2. Increasing concern regarding data privacy and security
      3. Opportunities
        1. Increasing adoption of cloud-based solutions in the insurance
        2. Digitalization of the insurance industry
      4. Challenges
        1. Stringent regulatory requirements and compliance standards
    3. Distribution Channel Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Property and Casualty Insurance Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
        1. Auto
        2. Home
        3. Marine
        4. Others (Burglary, Professional Liability, All Risk Insurance)
      2. By Distribution Channel
        1. Individual Agents
        2. Brokers
        3. Banks
        4. Direct
        5. Others (Not Covered Elsewhere)
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Property and Casualty Insurance Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
      2. By Distribution Channel
      3. By Country
        1. United States
          1. By Insurance Type
          2. By Distribution Channel
        2. Canada
          1. By Insurance Type
          2. By Distribution Channel
  6. Europe Property and Casualty Insurance Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
      2. By Distribution Channel
      3. By Country
        1. Germany
          1. By Insurance Type
          2. By Distribution Channel
        2. United Kingdom
          1. By Insurance Type
          2. By Distribution Channel
        3. Italy
          1. By Insurance Type
          2. By Distribution Channel
        4. France
          1. By Insurance Type
          2. By Distribution Channel
        5. Spain
          1. By Insurance Type
          2. By Distribution Channel
        6. Belgium
          1. By Insurance Type
          2. By Distribution Channel
        7. Russia
          1. By Insurance Type
          2. By Distribution Channel
          3.  
        8. The Netherlands
          1. By Insurance Type
          2. By Distribution Channel
        9. Rest of Europe
          1. By Insurance Type
          2. By Distribution Channel
  7. Asia Pacific Property and Casualty Insurance Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
      2. By Distribution Channel
      3. By Country
        1. China
          1. By Insurance Type
          2. By Distribution Channel
        2. India
          1. By Insurance Type
          2. By Distribution Channel
        3. Japan
          1. By Insurance Type
          2. By Distribution Channel
        4. South Korea
          1. By Insurance Type
          2. By Distribution Channel
        5. Australia & New Zealand
          1. By Insurance Type
          2. By Distribution Channel
        6. Indonesia
          1. By Insurance Type
          2. By Distribution Channel
        7. Malaysia
          1. By Insurance Type
          2. By Distribution Channel
        8. Singapore
          1. By Insurance Type
          2. By Distribution Channel
        9. Vietnam
          1. By Insurance Type
          2. By Distribution Channel
        10. Rest of APAC
          1. By Insurance Type
          2. By Distribution Channel
  8. Latin America Property and Casualty Insurance Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
      2. By Distribution Channel
      3. By Country
        1. Brazil
          1. By Insurance Type
          2. By Distribution Channel
        2. Mexico
          1. By Insurance Type
          2. By Distribution Channel
        3. Argentina
          1. By Insurance Type
          2. By Distribution Channel
        4. Peru
          1. By Insurance Type
          2. By Distribution Channel
        5. Rest of LATAM
          1. By Insurance Type
          2. By Distribution Channel
  9. Middle East & Africa Property and Casualty Insurance Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Insurance Type
      2. By Distribution Channel
      3. By Country
        1. Saudi Arabia
          1. By Insurance Type
          2. By Distribution Channel
        2. UAE
          1. By Insurance Type
          2. By Distribution Channel
        3. Qatar
          1. By Insurance Type
          2. By Distribution Channel
        4. Kuwait
          1. By Insurance Type
          2. By Distribution Channel
        5. South Africa
          1. By Insurance Type
          2. By Distribution Channel
        6. Nigeria
          1. By Insurance Type
          2. By Distribution Channel
        7. Algeria
          1. By Insurance Type
          2. By Distribution Channel
        8. Rest of MEA
          1. By Insurance Type
          2. By Distribution Channel
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Property and Casualty Insurance Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Escalating Geopolitical Tensions on Global Property and Casualty Insurance Market
  12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Allianz SE
    2.  American International Group Inc.
    3. AXA Group
    4. Berkshire Hathaway Inc.
    5. Chubb Ltd
    6.  CNA Financial Corp
    7.  ICICI Bank Ltd
    8. Liberty Mutual Insurance Co.
    9. Mitsubishi Corp
    10.  Munich Reinsurance Co
    11. Nationwide Mutual Insurance Co.
    12. Sompo Holdings Inc.
    13. The Allstate Corp.
    14.  The Travelers Co. Inc.
    15. Universal Insurance Holdings Inc.
    16. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research˙
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

 

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

 

Figure 1       Global Property and Casualty Insurance Segmentation

Figure 2       Global Property and Casualty Insurance Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Global Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 5       Global Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 6       Global Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 7       Global Property and Casualty Insurance Market Share, By Region, By Value, 2019–2030

Figure 8       North America Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 9       North America Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 10     North America Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 11     North America Property and Casualty Insurance Market Share, By Country, By Value, 2019–2030

Figure 12     United States Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 13     United States Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 14     United States Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 15     Canada Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 16     Canada Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 17     Canada Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 18     Europe Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 19     Europe Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 20     Europe Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 21     Europe Property and Casualty Insurance Market Share, By Country, By Value, 2019–2030

Figure 22     Germany Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 23     Germany Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 24     Germany Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 25     United Kingdom Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 26     United Kingdom Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 27     United Kingdom Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 28     Italy Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 29     Italy Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 30     Italy Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 31     France Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 32     France Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 33     France Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 34     Spain Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 35     Spain Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 36     Spain Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 37     Belgium Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 38     Belgium Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 39     Belgium Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 40     Russia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 41     Russia Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 42     Russia Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 43     The Netherlands Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 44     The Netherlands Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 45     The Netherlands Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 46     Rest of Europe Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 47     Rest of Europe Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 48     Rest of Europe Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 49     Asia Pacific Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 50     Asia Pacific Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 51     Asia Pacific Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 52     Asia Pacific Property and Casualty Insurance Market Share, By Country, By Value, 2019–2030

Figure 53     China Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 54     China Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 55     China Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 56     India Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 57     India Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 58     India Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 59     Japan Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 60     Japan Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 61     Japan Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 62     South Korea Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 63     South Korea Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 64     South Korea Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 65     Australia & New Zealand Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 66     Australia & New Zealand Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 67     Australia & New Zealand Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 68     Indonesia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 69     Indonesia Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 70     Indonesia Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 71     Malaysia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 72     Malaysia Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 73     Malaysia Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 74     Singapore Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 75     Singapore Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 76     Singapore Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 77     Vietnam Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 78     Vietnam Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 79     Vietnam Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 80     Rest of APAC Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 81     Rest of APAC Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 82     Rest of APAC Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 83     Latin America Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 84     Latin America Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 85     Latin America Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 86     Latin America Property and Casualty Insurance Market Share, By Country, By Value, 2019–2030

Figure 87     Brazil Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 88     Brazil Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 89     Brazil Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 90     Mexico Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 91     Mexico Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 92     Mexico Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 93     Argentina Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 94     Argentina Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 95     Argentina Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 96     Peru Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 97     Peru Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 98     Peru Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 99     Rest of LATAM Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 100   Rest of LATAM Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 101   Rest of LATAM Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 102   Middle East and Africa Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 103   Middle East and Africa Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 104   Middle East and Africa Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 105   Middle East and Africa Property and Casualty Insurance Market Share, By Country, By Value, 2019–2030

Figure 106   Saudi Arabia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 107   Saudi Arabia Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 108   Saudi Arabia Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 109   UAE Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 110   UAE Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 111   UAE Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 112   Qatar Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 113   Qatar Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 114   Qatar Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 115   Kuwait Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 116   Kuwait Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 117   Kuwait Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 118   South Africa Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 119   South Africa Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 120   South Africa Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 121   Nigeria Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 122   Nigeria Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 123   Nigeria Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 124   Algeria Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 125   Algeria Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 126   Algeria Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

Figure 127   Rest of MEA Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Figure 128   Rest of MEA Property and Casualty Insurance Market Share, By Type, By Value, 2019–2030

Figure 129   Rest of MEA Property and Casualty Insurance Market Share, By Distribution Channel, By Value, 2019–2030

 

List of Tables

 

Table 1        Global Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 2        Global Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 3        Global Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 4        Global Property and Casualty Insurance Market Size, By Region, By Value, 2019–2030

Table 5        North America Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 6        North America Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 7        North America Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 8        North America Property and Casualty Insurance Market Size, By Country, By Value, 2019–2030

Table 9        United States Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 10      United States Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 11      United States Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 12      Canada Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 13      Canada Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 14      Canada Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 15      Europe Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 16      Europe Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 17      Europe Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 18      Europe Property and Casualty Insurance Market Size, By Country, By Value, 2019–2030

Table 19      Germany Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 20      Germany Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 21      Germany Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 22      United Kingdom Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 23      United Kingdom Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 24      United Kingdom Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 25      Italy Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 26      Italy Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 27      Italy Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 28      France Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 29      France Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 30      France Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 31      Spain Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 32      Spain Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 33      Spain Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 34      Belgium Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 35      Belgium Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 36      Belgium Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 37      Russia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 38      Russia Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 39      Russia Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 40      The Netherlands Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 41      The Netherlands Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 42      The Netherlands Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 43      Rest of Europe Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 44      Rest of Europe Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 45      Rest of Europe Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 46      Asia Pacific Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 47      Asia Pacific Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 48      Asia Pacific Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 49      Asia Pacific Property and Casualty Insurance Market Size, By Country, By Value, 2019–2030

Table 50      China Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 51      China Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 52      China Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 53      India Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 54      India Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 55      India Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 56      Japan Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 57      Japan Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 58      Japan Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 59      South Korea Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 60      South Korea Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 61      South Korea Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 62      Australia & New Zealand Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 63      Australia & New Zealand Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 64      Australia & New Zealand Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 65      Indonesia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 66      Indonesia Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 67      Indonesia Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 68      Malaysia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 69      Malaysia Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 70      Malaysia Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 71      Singapore Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 72      Singapore Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 73      Singapore Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 74      Vietnam Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 75      Vietnam Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 76      Vietnam Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 77      Rest of APAC Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 78      Rest of APAC Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 79      Rest of APAC Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 80      Latin America Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 81      Latin America Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 82      Latin America Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 83      Latin America Property and Casualty Insurance Market Size, By Country, By Value, 2019–2030

Table 84      Brazil Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 85      Brazil Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 86      Brazil Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 87      Mexico Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 88      Mexico Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 89      Mexico Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 90      Argentina Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 91      Argentina Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 92      Argentina Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 93      Peru Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 94      Peru Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 95      Peru Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 96      Rest of LATAM Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 97      Rest of LATAM Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 98      Rest of LATAM Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 99      Middle East and Africa Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 100    Middle East and Africa Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 101    Middle East and Africa Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 102    Middle East and Africa Property and Casualty Insurance Market Size, By Country, By Value, 2019–2030

Table 103    Saudi Arabia Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 104    Saudi Arabia Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 105    Saudi Arabia Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 106    UAE Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 107    UAE Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 108    UAE Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 109    Qatar Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 110    Qatar Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 111    Qatar Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 112    Kuwait Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 113    Kuwait Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 114    Kuwait Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 115    South Africa Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 116    South Africa Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 117    South Africa Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 118    Nigeria Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 119    Nigeria Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 120    Nigeria Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 121    Algeria Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 122    Algeria Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 123    Algeria Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 124    Rest of MEA Property and Casualty Insurance Market Size, By Value (USD Billion), 2019–2030

Table 125    Rest of MEA Property and Casualty Insurance Market Size, By Type, By Value, 2019–2030

Table 126    Rest of MEA Property and Casualty Insurance Market Size, By Distribution Channel, By Value, 2019–2030

Table 127    Allianz SE Company Overview

Table 128    Allianz SE Financial Overview

Table 129    American International Group Inc. Company Overview

Table 130    American International Group Inc. Financial Overview

Table 131    AXA Group Company Overview

Table 132    AXA Group Financial Overview

Table 133    Berkshire Hathaway Inc. Company Overview

Table 134    Berkshire Hathaway Inc. Financial Overview

Table 135    Chubb Ltd Company Overview

Table 136    Chubb Ltd Financial Overview

Table 137    CNA Financial Corp Company Overview

Table 138    CNA Financial Corp Financial Overview

Table 139    ICICI Bank Ltd Company Overview

Table 140    ICICI Bank Ltd Financial Overview

Table 141    Liberty Mutual Insurance Co. Company Overview

Table 142    Liberty Mutual Insurance Co. Financial Overview

Table 143    Mitsubishi Corp Company Overview

Table 144    Mitsubishi Corp Financial Overview

Table 145    Munich Reinsurance Co Company Overview

Table 146    Munich Reinsurance Co Financial Overview

Table 147    Nationwide Mutual Insurance Co. Company Overview

Table 148    Nationwide Mutual Insurance Co. Financial Overview

Table 149    Sompo Holdings Inc. Company Overview

Table 150    Sompo Holdings Inc. Financial Overview

Table 151    The Allstate Corp. Company Overview

Table 152    The Allstate Corp. Financial Overview

Table 153    The Travelers Co. Inc. Company Overview

Table 154    The Travelers Co. Inc. Financial Overview

Table 155    Universal Insurance Holdings Inc. Company Overview

Table 156    Universal Insurance Holdings Inc. Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Property and Casualty Insurance Market size was estimated at USD 1,845.5 billion in 2023.
Ans: Global Property and Casualty Insurance Market size is expected to grow at a CAGR of 8.29% during the forecast period between 2023 and 2030.
Ans: Global Property and Casualty Insurance Market size is expected to reach a market value of USD 2,987.6 billion by 2030.
Ans: Major factors driving the growth of the Global Property and Casualty Insurance Market include increasing awareness of risk management, rising frequency of natural disasters, technological advancements in underwriting and claims processing, and growing demand for coverage in emerging markets. Regulatory changes and the need for innovative products also contribute to market dynamics.
Ans: North America holds a major market share in Global Property and Casualty Insurance Market.
Ans: The auto insurance segment holds the highest market share in the Global Property and Casualty Insurance Market by insurance type.
Ans: The brokers segment holds a higher market share in the Global Property and Casualty Insurance Market by distribution channel.
Ans: Key players in the Global Property and Casualty Insurance Market include Allianz SE, American International Group Inc., AXA Group, Berkshire Hathaway Inc., Chubb Ltd, CNA Financial Corp, ICICI Bank Ltd, Liberty Mutual Insurance Co., Mitsubishi Corp, Munich Reinsurance Co, Nationwide Mutual Insurance Co., Sompo Holdings Inc., The Allstate Corp., The Travelers Co. Inc., Universal Insurance Holdings Inc.