Global Homeowners Insurance Carriers Market Segments 2024, Forecast To 2033
5 Mar, 2024
The homeowners insurance carriers market has exhibited strong growth, increasing from $299.93 billion in 2023 to $315.52 billion in 2024, with a 5.2% CAGR. The historic period's growth is attributed to homeownership rates, natural disasters, economic conditions, regulatory compliance, and public awareness. Expecting steady growth, the market is projected to reach $378.89 billion in 2028 with a 4.7% CAGR. This growth is driven by urban development, mortgage financing, pandemic considerations, policyholder expectations, and insurance market competition, accompanied by trends like AI in claims processing and digital customer engagement.
Global Homeowners Insurance Carriers Market Key Driver
The homeowners insurance carriers market is propelled by the increasing frequency of natural disasters. In August 2023, the Association of German Insurers reported €1.5 billion in insured losses due to natural disasters, emphasizing the role of insurance carriers in disaster recovery.
Get A Free Sample Of The Global Homeowners Insurance Carriers Market ReportGlobal Homeowners Insurance Carriers Market Segments
The homeowners insurance carriers market covered in this report is segmented –
1) By Type: Basic Form, Broad Form, Special Form, Tenant's Form, Comprehensive Form, Condo Form, Mobile Home Form, Older Home Form
2) By Source: Captive, Independent Agent, Direct Response
3) By Application: Enterprise, Personal
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the homeowners insurance carriers market in 2023. The regions covered in the homeowners insurance carriers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Homeowners Insurance Carriers Industry Players
Admiral Group plc; Allianz Australia Limited; American International Group Inc.; Amica Mutual Insurance Company; United Services Automobile Association; Chubb Limited; Erie Insurance Exchange; State Farm Mutual Automobile Insurance Company; Liberty Mutual Insurance Group; Government Employees Insurance Company; Nationwide Mutual Insurance Company; AXA Group; MetLife Services and Solutions LLC; New Jersey Manufacturers Insurance Company; American Family Insurance; Allstate Corporation; Farmers Insurance Group; The Travelers Companies Inc.; Auto-Owners Insurance Group; The Hartford Financial Services Group Inc.; CSAA Insurance Group; MetLife Inc.; The Hanover Insurance Group Inc.; Mercury General Corporation; COUNTRY Financial; Safeco Insurance; Shelter Insurance Companies; Kemper Corporation; MAPFRE USA Corp.; UPC Insurance; National General Holdings Corp.; Assurant Inc.; Cincinnati Financial Corporation; The Cincinnati Insurance Company; Horace Mann Educators Corporation; The Main Street America Group; Grange Mutual Casualty Company; American Modern Insurance Group Inc.; Homesite Group Inc.; American Strategic Insurance Lloyds
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AIOps Homeowners Insurance Carriers Market Overview
Homeowners insurance carriers refer to companies that offer property insurance to cover losses and damages to a person's home and personal belongings. It is used to compensate for external damage, the loss or destruction of personal goods, interior damage, as well as any injuries sustained while on the premises.
Homeowners Insurance Carriers Global Market Report 2023 provides data on the global homeowners insurance carriers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The homeowners insurance carriers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.