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Catastrophe insurance is a kind of insurance that protects both commercial and residential sectors against natural disasters like floods and hurricanes, earthquakes, and man-made adversities such as terrorist attacks. Besides human fatalities, natural catastrophes also cause significant financial losses. This type of insurance is generally excluded from standard hazard insurance policies owing to its low-probability. Insurers adapt to uncertain catastrophic risks by increasing their insurance rates, which in turn leads to lower loss ratios post-catastrophic events. Catastrophic losses due to natural disasters are very problematic and complicated from an insurance standpoint. The firms with low levels of homeowners’ premiums are most adversely affected by the catastrophes.
Scope of the Report:
This report studies the Catastrophe Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Catastrophe Insurance market by product type and applications/end industries.
This industry research report identifies the pricing and valuation strategies of catastrophe bonds to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Since the insurance industry is cyclical, insurance providers have the need to formulate different strategies that bring in stable earnings to earn positive yields and generate cash flows. Catastrophe bonds help investors to earn good returns that are uncorrelated with the broader financial markets and also helps portfolio managers understand the attributes of pricing trends, and in turn, make informed decisions in allocating capital. Cat bonds or catastrophic bonds can transfer insurance risk to the capital markets, and have evolved into valuable risk management and investment tools and also provide an alternative means to capitalize reinsurance transactions.
The Americas will be the major revenue contributor to the catastrophe insurance market throughout the forecast period will account for more than 65% of the total market shares by 2020. Factors such as digital transformation, market consolidation, and servitization of the industry impact the growth of the market.
The global Catastrophe Insurance market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Catastrophe Insurance.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
AIG
Allianz
AXA
Berkshire Hathaway
Lloyds
Allstate
Aviva
Liberty Mutual
Zurich Insurance Group
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Flood Insurance
Storm Insurance for Hurricanes and Tornadoes
Earthquake Insurance
Volcano Insurance
Market Segment by Applications, can be divided into
Businesses
Residences
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Catastrophe Insurance Market Overview
1.1 Product Overview and Scope of Catastrophe Insurance
1.2 Classification of Catastrophe Insurance by Types
1.2.1 Global Catastrophe Insurance Revenue Comparison by Types (2017-2023)
1.2.2 Global Catastrophe Insurance Revenue Market Share by Types in 2017
1.2.3 Flood Insurance
1.2.4 Storm Insurance for Hurricanes and Tornadoes
1.2.5 Earthquake Insurance
1.2.6 Volcano Insurance
1.3 Global Catastrophe Insurance Market by Application
1.3.1 Global Catastrophe Insurance Market Size and Market Share Comparison by Applications (2013-2023)
1.3.2 Businesses
1.3.3 Residences
1.4 Global Catastrophe Insurance Market by Regions
1.4.1 Global Catastrophe Insurance Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America (USA, Canada and Mexico) Catastrophe Insurance Status and Prospect (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy) Catastrophe Insurance Status and Prospect (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) Catastrophe Insurance Status and Prospect (2013-2023)
1.4.4 South America (Brazil, Argentina, Colombia) Catastrophe Insurance Status and Prospect (2013-2023)
1.4.5 Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa) Catastrophe Insurance Status and Prospect (2013-2023)
1.5 Global Market Size of Catastrophe Insurance (2013-2023)
2 Manufacturers Profiles
2.1 AIG
2.1.1 Business Overview
2.1.2 Catastrophe Insurance Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 AIG Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.2 Allianz
2.2.1 Business Overview
2.2.2 Catastrophe Insurance Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Allianz Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.3 AXA
2.3.1 Business Overview
2.3.2 Catastrophe Insurance Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 AXA Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.4 Berkshire Hathaway
2.4.1 Business Overview
2.4.2 Catastrophe Insurance Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Berkshire Hathaway Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.5 Lloyds
2.5.1 Business Overview
2.5.2 Catastrophe Insurance Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Lloyds Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.6 Allstate
2.6.1 Business Overview
2.6.2 Catastrophe Insurance Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 Allstate Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.7 Aviva
2.7.1 Business Overview
2.7.2 Catastrophe Insurance Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 Aviva Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.8 Liberty Mutual
2.8.1 Business Overview
2.8.2 Catastrophe Insurance Type and Applications
2.8.2.1 Product A
2.8.2.2 Product B
2.8.3 Liberty Mutual Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
2.9 Zurich Insurance Group
2.9.1 Business Overview
2.9.2 Catastrophe Insurance Type and Applications
2.9.2.1 Product A
2.9.2.2 Product B
2.9.3 Zurich Insurance Group Catastrophe Insurance Revenue, Gross Margin and Market Share (2016-2017)
3 Global Catastrophe Insurance Market Competition, by Players
3.1 Global Catastrophe Insurance Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Catastrophe Insurance Players Market Share
3.2.2 Top 10 Catastrophe Insurance Players Market Share
3.3 Market Competition Trend
4 Global Catastrophe Insurance Market Size by Regions
4.1 Global Catastrophe Insurance Revenue and Market Share by Regions
4.2 North America Catastrophe Insurance Revenue and Growth Rate (2013-2018)
4.3 Europe Catastrophe Insurance Revenue and Growth Rate (2013-2018)
4.4 Asia-Pacific Catastrophe Insurance Revenue and Growth Rate (2013-2018)
4.5 South America Catastrophe Insurance Revenue and Growth Rate (2013-2018)
4.6 Middle East and Africa Catastrophe Insurance Revenue and Growth Rate (2013-2018)
5 North America Catastrophe Insurance Revenue by Countries
5.1 North America Catastrophe Insurance Revenue by Countries (2013-2018)
5.2 USA Catastrophe Insurance Revenue and Growth Rate (2013-2018)
5.3 Canada Catastrophe Insurance Revenue and Growth Rate (2013-2018)
5.4 Mexico Catastrophe Insurance Revenue and Growth Rate (2013-2018)
6 Europe Catastrophe Insurance Revenue by Countries
6.1 Europe Catastrophe Insurance Revenue by Countries (2013-2018)
6.2 Germany Catastrophe Insurance Revenue and Growth Rate (2013-2018)
6.3 UK Catastrophe Insurance Revenue and Growth Rate (2013-2018)
6.4 France Catastrophe Insurance Revenue and Growth Rate (2013-2018)
6.5 Russia Catastrophe Insurance Revenue and Growth Rate (2013-2018)
6.6 Italy Catastrophe Insurance Revenue and Growth Rate (2013-2018)
7 Asia-Pacific Catastrophe Insurance Revenue by Countries
7.1 Asia-Pacific Catastrophe Insurance Revenue by Countries (2013-2018)
7.2 China Catastrophe Insurance Revenue and Growth Rate (2013-2018)
7.3 Japan Catastrophe Insurance Revenue and Growth Rate (2013-2018)
7.4 Korea Catastrophe Insurance Revenue and Growth Rate (2013-2018)
7.5 India Catastrophe Insurance Revenue and Growth Rate (2013-2018)
7.6 Southeast Asia Catastrophe Insurance Revenue and Growth Rate (2013-2018)
8 South America Catastrophe Insurance Revenue by Countries
8.1 South America Catastrophe Insurance Revenue by Countries (2013-2018)
8.2 Brazil Catastrophe Insurance Revenue and Growth Rate (2013-2018)
8.3 Argentina Catastrophe Insurance Revenue and Growth Rate (2013-2018)
8.4 Colombia Catastrophe Insurance Revenue and Growth Rate (2013-2018)
9 Middle East and Africa Revenue Catastrophe Insurance by Countries
9.1 Middle East and Africa Catastrophe Insurance Revenue by Countries (2013-2018)
9.2 Saudi Arabia Catastrophe Insurance Revenue and Growth Rate (2013-2018)
9.3 UAE Catastrophe Insurance Revenue and Growth Rate (2013-2018)
9.4 Egypt Catastrophe Insurance Revenue and Growth Rate (2013-2018)
9.5 Nigeria Catastrophe Insurance Revenue and Growth Rate (2013-2018)
9.6 South Africa Catastrophe Insurance Revenue and Growth Rate (2013-2018)
10 Global Catastrophe Insurance Market Segment by Type
10.1 Global Catastrophe Insurance Revenue and Market Share by Type (2013-2018)
10.2 Global Catastrophe Insurance Market Forecast by Type (2018-2023)
10.3 Flood Insurance Revenue Growth Rate (2013-2023)
10.4 Storm Insurance for Hurricanes and Tornadoes Revenue Growth Rate (2013-2023)
10.5 Earthquake Insurance Revenue Growth Rate (2013-2023)
10.6 Volcano Insurance Revenue Growth Rate (2013-2023)
11 Global Catastrophe Insurance Market Segment by Application
11.1 Global Catastrophe Insurance Revenue Market Share by Application (2013-2018)
11.2 Catastrophe Insurance Market Forecast by Application (2018-2023)
11.3 Businesses Revenue Growth (2013-2018)
11.4 Residences Revenue Growth (2013-2018)
12 Global Catastrophe Insurance Market Size Forecast (2018-2023)
12.1 Global Catastrophe Insurance Market Size Forecast (2018-2023)
12.2 Global Catastrophe Insurance Market Forecast by Regions (2018-2023)
12.3 North America Catastrophe Insurance Revenue Market Forecast (2018-2023)
12.4 Europe Catastrophe Insurance Revenue Market Forecast (2018-2023)
12.5 Asia-Pacific Catastrophe Insurance Revenue Market Forecast (2018-2023)
12.6 South America Catastrophe Insurance Revenue Market Forecast (2018-2023)
12.7 Middle East and Africa Catastrophe Insurance Revenue Market Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Data Source
List of Tables and Figures
Figure Catastrophe Insurance Picture
Table Product Specifications of Catastrophe Insurance
Table Global Catastrophe Insurance and Revenue (Million USD) Market Split by Prod
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