Property Insurance Market Projected to Witness Vigorous Expansion by 2023 – 2032
Property Insurance Market Overview Property insurance, also known as home insurance, provides protection coverage for property owners against various risks such as natural calamities, theft, fire, and more. It is designed to help property owners avoid financial losses due to damage caused to their property. The coverage includes protection for the structure as well as the content of the home from unexpected loss or damage. Property insurance provides protection against most risks to property, including fire, theft, and some weather damage. It includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. The global property insurance market is experiencing significant growth and changes. The Property Insurance market is projected to grow from USD 17,805 Billion in 2023 to USD 37,615 Billion by 2032, at a CAGR of 9.80% during the forecast period (2023 - 2032). This growth is influenced by various factors, in...