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Commercial Property Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global commercial property insurance market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Commercial property insurance protects the physical assets of a company from fire, explosion, pipe burst, storms, theft, vandalism, or any loss arising due to the property damage. It can also cover various other losses, including business personal property, business income, inland marine, and cargo. It is generally utilized by businesses that lease or own office space, manufacture products, manage inventory, lease equipment, and maintain properties of others. Presently, several insurance firms are offering tailor-made property damage and business interruption insurance, which caters to the needs of different organizations, from small and medium commercial enterprises to large corporations.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Commercial Property Insurance Market Trends:

Large enterprises usually own multiple buildings due to the vast operations of the business. This, in turn, increases the need for commercial property insurance to protect buildings from unforeseen circumstances, reduce business risk, and improve goodwill for being a responsible business enterprise. Moreover, due to the rising incidents of catastrophic events, burglary, and theft, general stores, restaurants, or small and medium-sized enterprises (SMEs) are relying on commercial property insurance to reduce their financial risk. Apart from this, as oil and gas firms usually have high-risk assets on their property, there is a rise in the uptake of commercial property insurance policies to protect structures above and below ground, onsite storage systems, shelving components, and other equipment. Furthermore, significant growth in the export and trade activities is positively influencing the adoption of commercial property and inland marine policies that provide the insured with mono-line coverage for their business locations and equipment. They also include coverage for theft and structures and materials during new construction projects or renovations at an additional charge.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial property insurance market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, enterprise size and application.

Breakup by Type:

 

 
 

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  • Buildings Insurance
  • Contents Insurance
  • Flood Insurance
  • Earthquake Insurance
  • Others
     

Breakup by Enterprise Size:

  • Small and Medium-sized Enterprises
  • Large-Scale Enterprise
     

Breakup by Application:

  • Open Perils
  • Named Perils
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aegon Life Insurance Company Limited, Allianz SE, Aviva plc, Axa S.A., Insureon (HUB International Limited), Nationwide Mutual Insurance Company, Prudential Financial Inc., State Farm Mutual Automobile Insurance Company and The Hartford Financial Services Group Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Enterprise Size, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aegon Life Insurance Company Limited, Allianz SE, Aviva plc, Axa S.A., Insureon (HUB International Limited), Nationwide Mutual Insurance Company, Prudential Financial Inc., State Farm Mutual Automobile Insurance Company and The Hartford Financial Services Group Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global commercial property insurance market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global commercial property insurance market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the enterprise size?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global commercial property insurance market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Commercial Property Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Buildings Insurance
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Contents Insurance
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Flood Insurance
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Earthquake Insurance
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Enterprise Size
    7.1    Small and Medium-sized Enterprises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Large-Scale Enterprise
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Open Perils
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Named Perils
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Aegon Life Insurance Company Limited
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Allianz SE
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Aviva plc 
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Axa S.A. 
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Insureon (HUB International Limited)
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Nationwide Mutual Insurance Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 SWOT Analysis
        14.3.7    Prudential Financial Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    State Farm Mutual Automobile Insurance Company
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 SWOT Analysis
        14.3.9    The Hartford Financial Services Group Inc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Commercial Property Insurance Market: Major Drivers and Challenges
Figure 2: Global: Commercial Property Insurance Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Commercial Property Insurance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Commercial Property Insurance Market: Breakup by Type (in %), 2021
Figure 5: Global: Commercial Property Insurance Market: Breakup by Enterprise Size (in %), 2021
Figure 6: Global: Commercial Property Insurance Market: Breakup by Application (in %), 2021
Figure 7: Global: Commercial Property Insurance Market: Breakup by Region (in %), 2021
Figure 8: Global: Commercial Property Insurance (Buildings Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Commercial Property Insurance (Buildings Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Commercial Property Insurance (Contents Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Commercial Property Insurance (Contents Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Commercial Property Insurance (Flood Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Commercial Property Insurance (Flood Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Commercial Property Insurance (Earthquake Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Commercial Property Insurance (Earthquake Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Commercial Property Insurance (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Commercial Property Insurance (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Commercial Property Insurance (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Commercial Property Insurance (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Commercial Property Insurance (Large-Scale Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Commercial Property Insurance (Large-Scale Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Commercial Property Insurance (Open Perils) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Commercial Property Insurance (Open Perils) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Commercial Property Insurance (Named Perils) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Commercial Property Insurance (Named Perils) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Commercial Property Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Commercial Property Insurance Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Commercial Property Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Commercial Property Insurance Industry: SWOT Analysis
Figure 76: Global: Commercial Property Insurance Industry: Value Chain Analysis
Figure 77: Global: Commercial Property Insurance Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Commercial Property Insurance Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Commercial Property Insurance Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Commercial Property Insurance Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 4: Global: Commercial Property Insurance Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Commercial Property Insurance Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Commercial Property Insurance Market: Competitive Structure
Table 7: Global: Commercial Property Insurance Market: Key Players


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