Global Home Insurance Market Size & Outlook, 2023-2030
The global home insurance market size was estimated at USD 247,916.0 million in 2023 and is projected to reach USD 429,237.8 million by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$247,916.0
Forecast, 2030 (US$M)
$429,237.8
CAGR, 2024 - 2030
8.2%
Report Coverage
Worldwide
Global home insurance market, 2018-2030 (US$M)
Global home insurance market highlights
- The global home insurance market generated a revenue of USD 247,916.0 million in 2023 and is expected to reach USD 429,237.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, comprehensive coverage accounted for a revenue of USD 247,916.0 million in 2023.
- Comprehensive Coverage is the most lucrative coverage segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 247,916.0 million |
| Market revenue in 2030 | USD 429,237.8 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Comprehensive coverage |
| Fastest growing segment | Comprehensive Coverage |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Comprehensive Coverage |
Other key industry trends
- In terms of revenue, the North America accounted for 29.7% of the global home insurance market in 2023.
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Home Insurance Market Scope
Home insurance market segmentation & scope
Distribution Channel
Tied Agents & Branches
Brokers
Other Distribution Channel
End Use
Landlords
Tenants
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Home Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Zurich | View profile | 1-10 | Barcelona, Catalonia, Spain, Europe | http://www.zurich.es |
| Liberty Mutual Insurance | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.libertymutualgroup.com |
| Chubb Ltd | View profile | 40000 | Baerengasse 32, Zurich, Switzerland, CH-8001 | https://www.chubb.com |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| Allianz SE | View profile | 154862 | Koniginstrasse 28, Munich, BY, Germany, 80802 | https://www.allianz.com |
Global home insurance market size, by regions, 2018-2030 (US$M)
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