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Commercial Property Insurance Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Published Date: Feb 2024 | Format: | No. of Pages: 216

Industry: Information & Communications Technology | Author Name: Harshad

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Report Description Research Methodology

FAQ : Commercial Property Insurance Market

In 2022, the global commercial property insurance market size was around US$251.5 billion.

During the forecast period, 2023 – 2030, the market is predicted to witness a strong CAGR of 11.5%.

North America currently holds the largest share of the global market revenue.

The primary factor projected to drive the commercial property insurance market expansion is the change in natural catastrophes and climate change, amplifying risks, making insurers more cautious and affecting pricing strategies.

In 2022, the open perils category held a significant share of the global market by coverage type. Based on the enterprise, the small and medium-sized enterprises segment constituted a major share the same year.
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