According to the latest report by IMARC Group, “Global Commercial Property Insurance Market Growth, Share, Size, Industry Trends, Opportunity and Forecast 2022-2027“, 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.
Commercial property insurance protects the physical assets of a company from damages, including fire, pipe burst, theft, vandalism, or any other form of property damage. It is employed by businesses that own or lease office space, manage inventory, lease equipment, and maintain the property.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Commercial Property Insurance Market Trends and Drivers:
One of the primary factors driving the market is the large enterprises that own numerous buildings and therefore require protection from unpredictable circumstances. Additionally, the high risks borne by oil and gas companies are also contributing to the market growth.
Request Free Sample Report: https://www.imarcgroup.com/commercial-property-insurance-market/requestsample
Besides this, extensive growth in the export and trade activities is escalating the demand for commercial property and inland marine policies that provide the insured with mono-line coverage for their business locations and equipment. Furthermore, increasing instances of burglary, theft, and catastrophic events in restaurants, small and medium-sized enterprises (SMEs), and the introduction of tailor-made property damage and business interruption insurance are catalyzing the market growth.
Global Commercial Property Insurance Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, type, enterprise size and application.
Breakup by Type:
- Buildings Insurance
- Contents Insurance
- Flood Insurance
- Earthquake Insurance
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large-Scale Enterprise
The Breakup by Application:
- Open Perils
- Named Perils
Breakup by Region:
- 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
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Continue Reading: Posting Channel – ANOTHER WORDPRESS WEBSITE,GUESTPOSTING
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800