Business Catastrophe Insurance Market

Catastrophe insurance is different from other types of insurance in that it is difficult to estimate the total potential cost of an insured loss, and a catastrophic event results in an extremely large number of claims being filed at the same time. This makes it difficult for catastrophe insurance issuers to effectively manage risk. Reinsurance and retrocession are used along with catastrophe insurance to manage catastrophe risk.
Business Catastrophe Insurance Market contains market size and forecasts of Business Catastrophe Insurance in Global, including the following market information:
Global Business Catastrophe Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Business Catastrophe Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Commercial Property Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Business Catastrophe Insurance include Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal Health, State Farm Insurance and Dai-ichi Mutual Life Insurance, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Business 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 Business Catastrophe Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Business Catastrophe Insurance Market Segment Percentages, by Type, 2021 (%)
Commercial Property Insurance
Commercial Health Insurance
Other
Global Business Catastrophe Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Business Catastrophe Insurance Market Segment Percentages, by Application, 2021 (%)
Large Corporations
Small and Medium-Sized Companies
Personal
Global Business Catastrophe Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Business Catastrophe Insurance Market Segment Percentages, By Region and Country, 2021 (%)
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 Business Catastrophe Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Business Catastrophe Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz
AXA
Nippon Life Insurance
American Intl. Group
Aviva
Assicurazioni Generali
Cardinal Health
State Farm Insurance
Dai-ichi Mutual Life Insurance
Munich Re Group
Zurich Financial Services
Prudential
Asahi Mutual Life Insurance
Sumitomo Life Insurance
MetLife