Global Catastrophe Insurance Market Worth $2.5 Billion by 2027 - Industry Assessment with COVID-19 Impact Estimates and Profiles of 46 Competitors

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Jul 21, 2020, 08:00 ET

DUBLIN, July 21, 2020 /PRNewswire/ -- The "Catastrophe Insurance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 8th edition of this 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.

Global Catastrophe Insurance Market to Reach US$2.5 Billion by the Year 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. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.6% CAGR for the Period of 2020-2027

The Catastrophe Insurance market in the U.S. is estimated at US$521.1 Million in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$521.8 Million in the year 2027 trailing a CAGR of 6.6% through 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 while Rest of European market (as defined in the study) will reach US$521.8 Million by the year 2027.

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.

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/om37m8

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