The commercial property insurance market size has grown rapidly in recent years. It will grow from $339.29 billion in 2024 to $379.72 billion in 2025 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to economic growth, industrial expansion, increased real estate investments, urbanization, regulatory changes, rising property values, and the frequency of natural disasters.
The commercial property insurance market size is expected to see rapid growth in the next few years. It will grow to $593.44 billion in 2029 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to increasing awareness of climate change impacts, the growth of e-commerce, regulatory enhancements, rising property development projects, shifts in global economic conditions, and evolving insurance needs due to emerging risks are expected to drive the commercial property insurance market in the future. Major trends in the forecast period include increasing adoption of advanced technologies, rising demand for cyber insurance, greater emphasis on climate change adaptation, customized coverage solutions for diverse industries, growing interest in sustainability and green building coverage, evolving regulatory requirements, and expansion into emerging markets.
The increasing occurrence of natural disasters is anticipated to drive the growth of the commercial property insurance market. Natural disasters, which include events such as earthquakes, floods, hurricanes, and wildfires, are catastrophic occurrences resulting from natural processes of the Earth. These events cause extensive property damage, loss of life, and significant disruptions to daily life. The frequency and intensity of natural disasters are rising, largely due to climate change, which intensifies weather patterns and is exacerbated by human activities impacting the environment. Commercial property insurance provides businesses with financial protection against damages caused by natural disasters, covering repair costs, property loss, and business interruptions. For example, in April 2024, data from Our World in Data (OWID), a UK-based open public source, indicated that the global number of earthquakes increased from 16 in 2021 to 32 in 2023. As a result, the growing frequency of natural disasters is fueling the expansion of the commercial property insurance market.
Leading companies in the commercial property insurance market are enhancing their service offerings through the integration of Insurtech solutions. Insurtech, or insurance technology, involves the application of technological innovations to improve the efficiency, effectiveness, and customer experience within the insurance sector. This includes the use of artificial intelligence, big data analytics, blockchain, mobile applications, and other digital technologies to streamline insurance processes. For instance, in May 2024, Janover, a US-based commercial property lending company, launched Janover Insurance, its Insurtech subsidiary focused on commercial property insurance and related services. By leveraging its expertise in complex real estate transactions, Janover aims to provide a comprehensive range of insurance services, thereby enhancing client value and reducing costs.
In April 2023, Arch Insurance, a US-based insurance provider, acquired Thimble for an undisclosed amount. This acquisition enables Arch to expand its product offerings, effectively target the small business market, and enhance the customer experience through innovative tools such as artificial intelligence and digital applications. Thimble, also a US-based insurance company, specializes in offering flexible, on-demand insurance solutions, including commercial property insurance, tailored to the needs of businesses.
Major companies operating in the commercial property insurance market are Berkshire Hathaway Inc, Allianz SE, AXA SA, Munich Re, Nationwide Mutual Insurance Company, Tokio Marine Holdings Inc, Liberty Mutual Insurance, Swiss Re, American International Group Inc, Chubb Limited, Aviva plc, Sompo Holdings Inc, Travelers Companies Inc, Hannover Re, Hartford Financial Services Group Inc, CNA Financial Corporation, Markel Group, Assurant Inc, Arch Capital Group Ltd, Great American Insurance Group, FM Global, United Fire Group Inc, Lloyd's of London.
Europe was the largest region in the commercial property market in 2024. The regions covered in the commercial property insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial property insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Commercial property insurance is a type of coverage that safeguards a business's physical assets from loss or damage due to various risks, such as fire, theft, vandalism, and natural disasters. This insurance helps businesses financially recover by covering the costs of repairing or replacing damaged property, ensuring that operations can continue.
The primary types of commercial property insurance include building insurance, contents insurance, flood insurance, earthquake insurance, and more. Building insurance protects the physical structure of commercial properties from damage caused by perils such as fire, vandalism, and natural disasters. The insurance caters to various enterprise sizes, including large-scale enterprises as well as small and medium-sized businesses. It is distributed through different channels, such as agents and brokers, direct response, and others, and serves a range of applications such as open perils and named perils across various industry sectors, including manufacturing, construction, IT and telecommunications, healthcare, energy and utilities, transportation and logistics, and more.
The commercial property insurance market research report is one of a series of new reports that provides commercial property insurance market statistics, including commercial property insurance industry global market size, regional shares, competitors with a commercial property insurance market share, detailed commercial property insurance market segments, market trends and opportunities, and any further data you may need to thrive in the commercial property insurance industry. This commercial property insurance market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The commercial property insurance market includes revenues earned by entities through business interruption insurance, crime insurance, and tenant improvements. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Commercial Property Insurance Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on commercial property insurance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for commercial property insurance ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The commercial property insurance market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Buildings Insurance; Contents Insurance; Flood Insurance; Earthquake Insurance; Other Types2) By Enterprise Size: Large-Scaled Enterprises; Small and Medium-Sized Enterprises
3) By Distribution Channel: Agents and Brokers; Direct Response; Other Distribution Channels
4) By Application: Open Perils; Named Perils
5) By Industry Vertical: Manufacturing; Construction; Information Technology (IT) And Telecommunications; Healthcare; Energy and Utilities; Transportation and Logistics; Other Industry Verticals
Subsegments:
1) By Buildings Insurance: Property Damage Insurance; Structural Damage Insurance; Fire and Smoke Damage Insurance; Vandalism and Theft Protection2) By Contents Insurance: Office Equipment Insurance; Inventory and Stock Insurance; Furniture and Fixtures Coverage; Electronics and Technology Coverage
3) By Flood Insurance: River Flood Insurance; Coastal Flood Insurance; Flash Flood Insurance; Sewer Backup Insurance
4) By Earthquake Insurance: Structural Earthquake Coverage; Non-Structural Earthquake Coverage; Business Interruption Due To Earthquake; Earthquake Property Damage Coverage
5) By Other Types: Business Interruption Insurance; Loss of Rent Insurance; Terrorism Insurance; Civil Disturbance and Riot Insurance; Pollution and Environmental Damage Coverage
Key Companies Mentioned: Berkshire Hathaway Inc; Allianz SE; AXA SA; Munich Re; Nationwide Mutual Insurance Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Commercial Property Insurance market report include:- Berkshire Hathaway Inc
- Allianz SE
- AXA SA
- Munich Re
- Nationwide Mutual Insurance Company
- Tokio Marine Holdings Inc
- Liberty Mutual Insurance
- Swiss Re
- American International Group Inc
- Chubb Limited
- Aviva plc
- Sompo Holdings Inc
- Travelers Companies Inc
- Hannover Re
- Hartford Financial Services Group Inc
- CNA Financial Corporation
- Markel Group
- Assurant Inc
- Arch Capital Group Ltd
- Great American Insurance Group
- FM Global
- United Fire Group Inc
- Lloyd's of London
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 379.72 Billion |
Forecasted Market Value ( USD | $ 593.44 Billion |
Compound Annual Growth Rate | 11.8% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |