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Home Insurance Market Share

Report ID: GMI6088
Published Date: Jul 2024
Report Format: PDF

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Home Insurance Market Share

Some of the major players operating in the home insurance industry are

ALLIANZ
ADMIRAL
Allstate Insurance Company
American International Group, Inc.
AXA Group
Chubb
Liberty Mutual Insurance Company
Zurich
Farmers Insurance
Travelers Insurance

These players are focused on strategic partnerships and new service launches. and commercialization efforts for market expansion. They are heavily investing in innovative services and gaining market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The home insurance industry was valued at USD 233 billion in 2023 and is anticipated to grow at a CAGR of over 7% between 2024 and 2032, backed by the rising property values.

The dwelling coverage segment account for around USD 75 billion market revenue in 2023 as the coverage provides homeowners with financial protection in the event of damage or loss to their property caused by fire, storms, vandalism, or theft.

North America held a major share of over 30% in home insurance industry in 2023, as the region is prone to various natural disasters, which encourage the consumers to opt for coverage plan that protects against property damage and loss resulting from natural disasters.

ALLIANZ, ADMIRAL, Allstate Insurance Company, American International Group, Inc., AXA Group, Chubb, Liberty Mutual Insurance Company, Zurich, Farmers Insurance, and Travelers Insurance.