Catastrophe insurance is a kind of insurance that protects both commercial and residential sectors against natural disasters like floods and hurricanes, earthquakes, and man-made adversities such as terrorist attacks. Besides human fatalities, natural catastrophes also cause significant financial losses. This type of insurance is generally excluded from standard hazard insurance policies owing to its low-probability. Insurers adapt to uncertain catastrophic risks by increasing their insurance rates, which in turn leads to lower loss ratios post-catastrophic events. Catastrophic losses due to natural disasters are very problematic and complicated from an insurance standpoint. The firms with low levels of homeowners? premiums are most adversely affected by the catastrophes.
This report aims to provide a comprehensive presentation of the global market for Catastrophe Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Catastrophe Insurance. This report contains market size and forecasts of Catastrophe Insurance in global, including the following market information:
Global Catastrophe Insurance Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Catastrophe Insurance market was valued at US$ 2033.4 million in 2022 and is projected to reach US$ 2503.3 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
This industry research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows.?Catastrophe bonds?help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital.?Cat bonds?or catastrophic bonds can transfer insurance risk to the capital markets, and have evolved into valuable risk management and investment tools and also provide an alternative means to capitalize reinsurance transactions.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Catastrophe Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Catastrophe Insurance Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Catastrophe Insurance Market Segment Percentages, by Type, 2022 (%)
Flood Insurance
Storm Insurance for Hurricanes and Tornadoes
Earthquake Insurance
Volcano Insurance
Global Catastrophe Insurance Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Catastrophe Insurance Market Segment Percentages, by Application, 2022 (%)
Businesses
Residences
Global Catastrophe Insurance Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Catastrophe Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Catastrophe Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Catastrophe Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
AIG
Allianz
AXA
Berkshire Hathaway
Lloyds
Allstate
Aviva
Liberty Mutual
Zurich Insurance Group
Outline of Major Chapters:
Chapter 1: Introduces the definition of Catastrophe Insurance, market overview.
Chapter 2: Global Catastrophe Insurance market size in revenue.
Chapter 3: Detailed analysis of Catastrophe Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Catastrophe Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Catastrophe Insurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Catastrophe Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Catastrophe Insurance Overall Market Size
2.1 Global Catastrophe Insurance Market Size: 2022 VS 2032
2.2 Global Catastrophe Insurance Market Size, Prospects & Forecasts: 2018-2032
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Catastrophe Insurance Players in Global Market
3.2 Top Global Catastrophe Insurance Companies Ranked by Revenue
3.3 Global Catastrophe Insurance Revenue by Companies
3.4 Top 3 and Top 5 Catastrophe Insurance Companies in Global Market, by Revenue in 2022
3.5 Global Companies Catastrophe Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Catastrophe Insurance Players in Global Market
3.6.1 List of Global Tier 1 Catastrophe Insurance Companies
3.6.2 List of Global Tier 2 and Tier 3 Catastrophe Insurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Catastrophe Insurance Market Size Markets, 2022 & 2032
4.1.2 Flood Insurance
4.1.3 Storm Insurance for Hurricanes and Tornadoes
4.1.4 Earthquake Insurance
4.1.5 Volcano Insurance
4.2 By Type - Global Catastrophe Insurance Revenue & Forecasts
4.2.1 By Type - Global Catastrophe Insurance Revenue, 2018-2023
4.2.2 By Type - Global Catastrophe Insurance Revenue, 2024-2032
4.2.3 By Type - Global Catastrophe Insurance Revenue Market Share, 2018-2032
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Catastrophe Insurance Market Size, 2022 & 2032
5.1.2 Businesses
5.1.3 Residences
5.2 By Application - Global Catastrophe Insurance Revenue & Forecasts
5.2.1 By Application - Global Catastrophe Insurance Revenue, 2018-2023
5.2.2 By Application - Global Catastrophe Insurance Revenue, 2024-2032
5.2.3 By Application - Global Catastrophe Insurance Revenue Market Share, 2018-2032
6 Sights by Region
6.1 By Region - Global Catastrophe Insurance Market Size, 2022 & 2032
6.2 By Region - Global Catastrophe Insurance Revenue & Forecasts
6.2.1 By Region - Global Catastrophe Insurance Revenue, 2018-2023
6.2.2 By Region - Global Catastrophe Insurance Revenue, 2024-2032
6.2.3 By Region - Global Catastrophe Insurance Revenue Market Share, 2018-2032
6.3 North America
6.3.1 By Country - North America Catastrophe Insurance Revenue, 2018-2032
6.3.2 US Catastrophe Insurance Market Size, 2018-2032
6.3.3 Canada Catastrophe Insurance Market Size, 2018-2032
6.3.4 Mexico Catastrophe Insurance Market Size, 2018-2032
6.4 Europe
6.4.1 By Country - Europe Catastrophe Insurance Revenue, 2018-2032
6.4.2 Germany Catastrophe Insurance Market Size, 2018-2032
6.4.3 France Catastrophe Insurance Market Size, 2018-2032
6.4.4 U.K. Catastrophe Insurance Market Size, 2018-2032
6.4.5 Italy Catastrophe Insurance Market Size, 2018-2032
6.4.6 Russia Catastrophe Insurance Market Size, 2018-2032
6.4.7 Nordic Countries Catastrophe Insurance Market Size, 2018-2032
6.4.8 Benelux Catastrophe Insurance Market Size, 2018-2032
6.5 Asia
6.5.1 By Region - Asia Catastrophe Insurance Revenue, 2018-2032
6.5.2 China Catastrophe Insurance Market Size, 2018-2032
6.5.3 Japan Catastrophe Insurance Market Size, 2018-2032
6.5.4 South Korea Catastrophe Insurance Market Size, 2018-2032
6.5.5 Southeast Asia Catastrophe Insurance Market Size, 2018-2032
6.5.6 India Catastrophe Insurance Market Size, 2018-2032
6.6 South America
6.6.1 By Country - South America Catastrophe Insurance Revenue, 2018-2032
6.6.2 Brazil Catastrophe Insurance Market Size, 2018-2032
6.6.3 Argentina Catastrophe Insurance Market Size, 2018-2032
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Catastrophe Insurance Revenue, 2018-2032
6.7.2 Turkey Catastrophe Insurance Market Size, 2018-2032
6.7.3 Israel Catastrophe Insurance Market Size, 2018-2032
6.7.4 Saudi Arabia Catastrophe Insurance Market Size, 2018-2032
6.7.5 UAE Catastrophe Insurance Market Size, 2018-2032
7 Catastrophe Insurance Companies Profiles
7.1 AIG
7.1.1 AIG Company Summary
7.1.2 AIG Business Overview
7.1.3 AIG Catastrophe Insurance Major Product Offerings
7.1.4 AIG Catastrophe Insurance Revenue in Global Market (2018-2023)
7.1.5 AIG Key News & Latest Developments
7.2 Allianz
7.2.1 Allianz Company Summary
7.2.2 Allianz Business Overview
7.2.3 Allianz Catastrophe Insurance Major Product Offerings
7.2.4 Allianz Catastrophe Insurance Revenue in Global Market (2018-2023)
7.2.5 Allianz Key News & Latest Developments
7.3 AXA
7.3.1 AXA Company Summary
7.3.2 AXA Business Overview
7.3.3 AXA Catastrophe Insurance Major Product Offerings
7.3.4 AXA Catastrophe Insurance Revenue in Global Market (2018-2023)
7.3.5 AXA Key News & Latest Developments
7.4 Berkshire Hathaway
7.4.1 Berkshire Hathaway Company Summary
7.4.2 Berkshire Hathaway Business Overview
7.4.3 Berkshire Hathaway Catastrophe Insurance Major Product Offerings
7.4.4 Berkshire Hathaway Catastrophe Insurance Revenue in Global Market (2018-2023)
7.4.5 Berkshire Hathaway Key News & Latest Developments
7.5 Lloyds
7.5.1 Lloyds Company Summary
7.5.2 Lloyds Business Overview
7.5.3 Lloyds Catastrophe Insurance Major Product Offerings
7.5.4 Lloyds Catastrophe Insurance Revenue in Global Market (2018-2023)
7.5.5 Lloyds Key News & Latest Developments
7.6 Allstate
7.6.1 Allstate Company Summary
7.6.2 Allstate Business Overview
7.6.3 Allstate Catastrophe Insurance Major Product Offerings
7.6.4 Allstate Catastrophe Insurance Revenue in Global Market (2018-2023)
7.6.5 Allstate Key News & Latest Developments
7.7 Aviva
7.7.1 Aviva Company Summary
7.7.2 Aviva Business Overview
7.7.3 Aviva Catastrophe Insurance Major Product Offerings
7.7.4 Aviva Catastrophe Insurance Revenue in Global Market (2018-2023)
7.7.5 Aviva Key News & Latest Developments
7.8 Liberty Mutual
7.8.1 Liberty Mutual Company Summary
7.8.2 Liberty Mutual Business Overview
7.8.3 Liberty Mutual Catastrophe Insurance Major Product Offerings
7.8.4 Liberty Mutual Catastrophe Insurance Revenue in Global Market (2018-2023)
7.8.5 Liberty Mutual Key News & Latest Developments
7.9 Zurich Insurance Group
7.9.1 Zurich Insurance Group Company Summary
7.9.2 Zurich Insurance Group Business Overview
7.9.3 Zurich Insurance Group Catastrophe Insurance Major Product Offerings
7.9.4 Zurich Insurance Group Catastrophe Insurance Revenue in Global Market (2018-2023)
7.9.5 Zurich Insurance Group Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Catastrophe Insurance Market Opportunities & Trends in Global Market
Table 2. Catastrophe Insurance Market Drivers in Global Market
Table 3. Catastrophe Insurance Market Restraints in Global Market
Table 4. Key Players of Catastrophe Insurance in Global Market
Table 5. Top Catastrophe Insurance Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Catastrophe Insurance Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Catastrophe Insurance Revenue Share by Companies, 2018-2023
Table 8. Global Companies Catastrophe Insurance Product Type
Table 9. List of Global Tier 1 Catastrophe Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Catastrophe Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Catastrophe Insurance Revenue, (US$, Mn), 2022 & 2032
Table 12. By Type - Catastrophe Insurance Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Catastrophe Insurance Revenue in Global (US$, Mn), 2024-2032
Table 14. By Application ? Global Catastrophe Insurance Revenue, (US$, Mn), 2022 & 2032
Table 15. By Application - Catastrophe Insurance Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Catastrophe Insurance Revenue in Global (US$, Mn), 2024-2032
Table 17. By Region ? Global Catastrophe Insurance Revenue, (US$, Mn), 2022 & 2032
Table 18. By Region - Global Catastrophe Insurance Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Catastrophe Insurance Revenue (US$, Mn), 2024-2032
Table 20. By Country - North America Catastrophe Insurance Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Catastrophe Insurance Revenue, (US$, Mn), 2024-2032
Table 22. By Country - Europe Catastrophe Insurance Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Catastrophe Insurance Revenue, (US$, Mn), 2024-2032
Table 24. By Region - Asia Catastrophe Insurance Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Catastrophe Insurance Revenue, (US$, Mn), 2024-2032
Table 26. By Country - South America Catastrophe Insurance Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Catastrophe Insurance Revenue, (US$, Mn), 2024-2032
Table 28. By Country - Middle East & Africa Catastrophe Insurance Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Catastrophe Insurance Revenue, (US$, Mn), 2024-2032
Table 30. AIG Company Summary
Table 31. AIG Catastrophe Insurance Product Offerings
Table 32. AIG Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 33. AIG Key News & Latest Developments
Table 34. Allianz Company Summary
Table 35. Allianz Catastrophe Insurance Product Offerings
Table 36. Allianz Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 37. Allianz Key News & Latest Developments
Table 38. AXA Company Summary
Table 39. AXA Catastrophe Insurance Product Offerings
Table 40. AXA Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 41. AXA Key News & Latest Developments
Table 42. Berkshire Hathaway Company Summary
Table 43. Berkshire Hathaway Catastrophe Insurance Product Offerings
Table 44. Berkshire Hathaway Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 45. Berkshire Hathaway Key News & Latest Developments
Table 46. Lloyds Company Summary
Table 47. Lloyds Catastrophe Insurance Product Offerings
Table 48. Lloyds Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 49. Lloyds Key News & Latest Developments
Table 50. Allstate Company Summary
Table 51. Allstate Catastrophe Insurance Product Offerings
Table 52. Allstate Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 53. Allstate Key News & Latest Developments
Table 54. Aviva Company Summary
Table 55. Aviva Catastrophe Insurance Product Offerings
Table 56. Aviva Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 57. Aviva Key News & Latest Developments
Table 58. Liberty Mutual Company Summary
Table 59. Liberty Mutual Catastrophe Insurance Product Offerings
Table 60. Liberty Mutual Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 61. Liberty Mutual Key News & Latest Developments
Table 62. Zurich Insurance Group Company Summary
Table 63. Zurich Insurance Group Catastrophe Insurance Product Offerings
Table 64. Zurich Insurance Group Catastrophe Insurance Revenue (US$, Mn) & (2018-2023)
Table 65. Zurich Insurance Group Key News & Latest Developments
List of Figures
Figure 1. Catastrophe Insurance Segment by Type in 2022
Figure 2. Catastrophe Insurance Segment by Application in 2022
Figure 3. Global Catastrophe Insurance Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Catastrophe Insurance Market Size: 2022 VS 2032 (US$, Mn)
Figure 6. Global Catastrophe Insurance Revenue, 2018-2032 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Catastrophe Insurance Revenue in 2022
Figure 8. By Type - Global Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 9. By Application - Global Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 10. By Type - Global Catastrophe Insurance Revenue, (US$, Mn), 2022 & 2032
Figure 11. By Type - Global Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 12. By Application - Global Catastrophe Insurance Revenue, (US$, Mn), 2022 & 2032
Figure 13. By Application - Global Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 14. By Region - Global Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 15. By Country - North America Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 16. US Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 17. Canada Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 18. Mexico Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 19. By Country - Europe Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 20. Germany Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 21. France Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 22. U.K. Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 23. Italy Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 24. Russia Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 25. Nordic Countries Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 26. Benelux Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 27. By Region - Asia Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 28. China Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 29. Japan Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 30. South Korea Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 31. Southeast Asia Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 32. India Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 33. By Country - South America Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 34. Brazil Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 35. Argentina Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 36. By Country - Middle East & Africa Catastrophe Insurance Revenue Market Share, 2018-2032
Figure 37. Turkey Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 38. Israel Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 39. Saudi Arabia Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 40. UAE Catastrophe Insurance Revenue, (US$, Mn), 2018-2032
Figure 41. AIG Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Allianz Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. AXA Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Berkshire Hathaway Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Lloyds Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Allstate Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Aviva Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Liberty Mutual Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Zurich Insurance Group Catastrophe Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
