Global Catastrophe Insurance Market to Reach $2.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Catastrophe Insurance estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.
The U.S. Market is Estimated at $521.1 Million, While China is Forecast to Grow at 6.6% CAGR
The Catastrophe Insurance market in the U.S. is estimated at US$521.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$521.8 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR.We bring years of research experience to this 8th edition of our report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Allianz SE
- Allstate Insurance Company
- American International Group, Inc.
- Aviva Group
- AXA Equitable Financial Services, LLC
- Berkshire Hathaway Inc.
- Liberty Mutual Insurance
- Lloyds Bank plc
- Zurich Insurance Group Ltd.