Middle East & Africa Home Insurance Market Size & Outlook
The home insurance market in Middle East & Africa is expected to reach a projected revenue of US$ 56,788.2 million by 2030. A compound annual growth rate of 8.6% is expected of Middle East & Africa home insurance market from 2024 to 2030.
Revenue, 2023 (US$M)
$31,907.3
Forecast, 2030 (US$M)
$56,788.2
CAGR, 2024 - 2030
8.6%
Report Coverage
Middle East & Africa
MEA home insurance market highlights
- The MEA home insurance market generated a revenue of USD 31,907.3 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, comprehensive coverage was the largest revenue generating coverage in 2023.
- Comprehensive Coverage is the most lucrative coverage segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 31,907.3 million |
| Market revenue in 2030 | USD 56,788.2 million |
| Growth rate | 8.6% (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, MEA region accounted for 12.9% of the global home insurance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 130,745.8 million by 2030.
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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 |
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