Product Code: A11622
According to a new report published by Allied Market Research, titled, "Commercial Property Insurance Market," The commercial property insurance market was valued at $254.93 billion in 2022, and is estimated to reach $724 billion by 2032, growing at a CAGR of 11.3% from 2023 to 2032.
The commercial property insurance market is driven by tailoring solutions to address specific industry risks for targeted clients as it recognizes the distinct difficulties and risks that firms confront across industries. Commercial property insurance companies understand that each business has its own set of risks, operations, and assets that necessitate specialized coverage. They collaborate closely with businesses to accurately assess their risk exposure and build insurance policies that precisely fit their needs. Furthermore, expanding customer base and risk diversification through international presence play a major for growth of the commercial property insurance market. However, economic recessions or downturns often significantly hamper the commercial property insurance market due to various interconnected factors. Firms limit their operations or meet financial difficulties during economic downturns, resulting in a decrease in demand for commercial property insurance. Furthermore, the requirement for insurance coverage reduces, as a business downsize or close. Furthermore, high premiums of commercial insurance must restrict the commercial property insurance market growth. On the contrary, growth in infrastructure projects is profitable for the commercial property insurance industry because of the growth in demand for insurance coverage to protect valuable assets during the building and operational phases, allowing insurers to supply specialized policies and innovative solutions.
The commercial property insurance market is segmented on the basis of coverage, distribution channel, enterprise size, industry vertical, and region. On the basis of coverage, the market is bifurcated into open perils, and named perils. Based on distribution channel, it is segmented into agents and brokers, direct response, and others. On the basis of enterprise size, it is bifurcated into large enterprises, and small and medium-sized enterprises. On the basis of industry vertical, it is segmented into manufacturing, construction, IT & Telecom, healthcare, energy and utilities, transportation & logistics, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the commercial property insurance market such as Allianz SE, Allstate Insurance Company, American International Group, Inc., AXA group, Berkshire Hathaway Homestate Companies (BHHC), Chubb Limited, Liberty, Mutual Insurance Company, Progressive, The Travelers Indemnity Company, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the commercial property insurance market.
Key Benefits for Stakeholders
- The study provides in-depth analysis of the global commercial property insurance market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global commercial property insurance market size are provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global commercial property insurance market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By Coverage
By Distribution Channels
- Agents and Brokers
- Direct Response
- Others
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry Vertical
- Manufacturing
- Construction
- IT and Telecom
- Healthcare
- Energy and Utilities
- Transportation and Logistics
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Allstate Insurance Company
- AXA Group
- Chubb Limited
- Zurich Insurance Group
- Liberty Mutual Insurance Company
- Allianz SE
- Berkshire Hathaway Homestate Companies (BHHC)
- American International Group, Inc.
- Progressive
- The Travelers Indemnity Company
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Strong financial backing and adequate reserves for claim payouts
- 3.4.1.2. Customized solutions for specific industry risks for specific client
- 3.4.1.3. Expansion of customer base and risk diversification through international presence
- 3.4.2. Restraints
- 3.4.2.1. High premiums of commercial insurance
- 3.4.2.2. Economic recessions or downturns
- 3.4.3. Opportunities
- 3.4.3.1. Growth in infrastructure projects
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: COMMERCIAL PROPERTY INSURANCE MARKET, BY COVERAGE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Open Perils
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Named Perils
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: COMMERCIAL PROPERTY INSURANCE MARKET, BY DISTRIBUTION CHANNELS
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Agents and Brokers
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Direct Response
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: COMMERCIAL PROPERTY INSURANCE MARKET, BY ENTERPRISE SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium-sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: COMMERCIAL PROPERTY INSURANCE MARKET, BY INDUSTRY VERTICAL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Manufacturing
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Construction
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. IT and Telecom
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Healthcare
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Energy and Utilities
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
- 7.7. Transportation and Logistics
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
- 7.8. Others
- 7.8.1. Key market trends, growth factors and opportunities
- 7.8.2. Market size and forecast, by region
- 7.8.3. Market share analysis by country
CHAPTER 8: COMMERCIAL PROPERTY INSURANCE MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Coverage
- 8.2.3. Market size and forecast, by Distribution Channels
- 8.2.4. Market size and forecast, by Enterprise Size
- 8.2.5. Market size and forecast, by Industry Vertical
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Coverage
- 8.2.6.1.2. Market size and forecast, by Distribution Channels
- 8.2.6.1.3. Market size and forecast, by Enterprise Size
- 8.2.6.1.4. Market size and forecast, by Industry Vertical
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Coverage
- 8.2.6.2.2. Market size and forecast, by Distribution Channels
- 8.2.6.2.3. Market size and forecast, by Enterprise Size
- 8.2.6.2.4. Market size and forecast, by Industry Vertical
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Coverage
- 8.3.3. Market size and forecast, by Distribution Channels
- 8.3.4. Market size and forecast, by Enterprise Size
- 8.3.5. Market size and forecast, by Industry Vertical
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Coverage
- 8.3.6.1.2. Market size and forecast, by Distribution Channels
- 8.3.6.1.3. Market size and forecast, by Enterprise Size
- 8.3.6.1.4. Market size and forecast, by Industry Vertical
- 8.3.6.2. Germany
- 8.3.6.2.1. Market size and forecast, by Coverage
- 8.3.6.2.2. Market size and forecast, by Distribution Channels
- 8.3.6.2.3. Market size and forecast, by Enterprise Size
- 8.3.6.2.4. Market size and forecast, by Industry Vertical
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Coverage
- 8.3.6.3.2. Market size and forecast, by Distribution Channels
- 8.3.6.3.3. Market size and forecast, by Enterprise Size
- 8.3.6.3.4. Market size and forecast, by Industry Vertical
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Coverage
- 8.3.6.4.2. Market size and forecast, by Distribution Channels
- 8.3.6.4.3. Market size and forecast, by Enterprise Size
- 8.3.6.4.4. Market size and forecast, by Industry Vertical
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Coverage
- 8.3.6.5.2. Market size and forecast, by Distribution Channels
- 8.3.6.5.3. Market size and forecast, by Enterprise Size
- 8.3.6.5.4. Market size and forecast, by Industry Vertical
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Coverage
- 8.3.6.6.2. Market size and forecast, by Distribution Channels
- 8.3.6.6.3. Market size and forecast, by Enterprise Size
- 8.3.6.6.4. Market size and forecast, by Industry Vertical
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Coverage
- 8.4.3. Market size and forecast, by Distribution Channels
- 8.4.4. Market size and forecast, by Enterprise Size
- 8.4.5. Market size and forecast, by Industry Vertical
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Coverage
- 8.4.6.1.2. Market size and forecast, by Distribution Channels
- 8.4.6.1.3. Market size and forecast, by Enterprise Size
- 8.4.6.1.4. Market size and forecast, by Industry Vertical
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Coverage
- 8.4.6.2.2. Market size and forecast, by Distribution Channels
- 8.4.6.2.3. Market size and forecast, by Enterprise Size
- 8.4.6.2.4. Market size and forecast, by Industry Vertical
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Coverage
- 8.4.6.3.2. Market size and forecast, by Distribution Channels
- 8.4.6.3.3. Market size and forecast, by Enterprise Size
- 8.4.6.3.4. Market size and forecast, by Industry Vertical
- 8.4.6.4. Australia
- 8.4.6.4.1. Market size and forecast, by Coverage
- 8.4.6.4.2. Market size and forecast, by Distribution Channels
- 8.4.6.4.3. Market size and forecast, by Enterprise Size
- 8.4.6.4.4. Market size and forecast, by Industry Vertical
- 8.4.6.5. South Korea
- 8.4.6.5.1. Market size and forecast, by Coverage
- 8.4.6.5.2. Market size and forecast, by Distribution Channels
- 8.4.6.5.3. Market size and forecast, by Enterprise Size
- 8.4.6.5.4. Market size and forecast, by Industry Vertical
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Coverage
- 8.4.6.6.2. Market size and forecast, by Distribution Channels
- 8.4.6.6.3. Market size and forecast, by Enterprise Size
- 8.4.6.6.4. Market size and forecast, by Industry Vertical
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Coverage
- 8.5.3. Market size and forecast, by Distribution Channels
- 8.5.4. Market size and forecast, by Enterprise Size
- 8.5.5. Market size and forecast, by Industry Vertical
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Market size and forecast, by Coverage
- 8.5.6.1.2. Market size and forecast, by Distribution Channels
- 8.5.6.1.3. Market size and forecast, by Enterprise Size
- 8.5.6.1.4. Market size and forecast, by Industry Vertical
- 8.5.6.2. Middle East
- 8.5.6.2.1. Market size and forecast, by Coverage
- 8.5.6.2.2. Market size and forecast, by Distribution Channels
- 8.5.6.2.3. Market size and forecast, by Enterprise Size
- 8.5.6.2.4. Market size and forecast, by Industry Vertical
- 8.5.6.3. Africa
- 8.5.6.3.1. Market size and forecast, by Coverage
- 8.5.6.3.2. Market size and forecast, by Distribution Channels
- 8.5.6.3.3. Market size and forecast, by Enterprise Size
- 8.5.6.3.4. Market size and forecast, by Industry Vertical
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. Allianz SE
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. Allstate Insurance Company
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.3. American International Group, Inc.
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. AXA Group
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. Berkshire Hathaway Homestate Companies (BHHC)
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.6. Chubb Limited
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.7. Liberty Mutual Insurance Company
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. Progressive
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.9. The Travelers Indemnity Company
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Business performance
- 10.10. Zurich Insurance Group
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments