世界の災害保険市場 2025～2035年

災害保険の市場規模、シェア、動向分析レポート：保険タイプ別（災害医療保険、地震保険、洪水保険、暴風保険、テロ保険、火山保険、山火事保険、その他保険）、災害タイプ別（人災、自然災害）、エンドユーザー別（商業、個人、住宅）、流通チャネル別（ダイレクト保険プロバイダー、ブローカー・代理店、バンカシュアランス（銀行支援型保険販売）、オンライン保険プラットフォーム）予測期間（2025～2035年）

産業概要

災害保険市場の市場規模は2,150億米ドルで、2035年には3,600億米ドルに達し、2025年から2035年までの予測期間中にCAGR 4.8%で成長すると予測されます。災害保険の需要は、気候関連の災害の増加、都市化、インフラの拡大、規制ニーズ、AIとビッグデータ分析、再保険需要の高まり、意識の高まり、災害復旧コストの上昇に伴う経済的損失の増加などが背景にあります。

市場力学

気候変動と大災害の頻度上昇

気候変動は自然災害の発生頻度を高め、こうしたリスクの激しさと不確実性から災害保険への需要を増大させます。米国海洋大気庁（NOAA）の報告によると、2024年に世界全体で発生した自然災害による損害総額は3,200億米ドル、保険金額は1,400億米ドルで、インフレ調整後の過去10年と30年の平均を上回ります。天候に起因する大災害が総損害額の93％、保険損害額の97％を占め、1980年以降、保険損害額で3番目、総損害額で5番目に高額な年となりました。洪水、山火事、猛烈な雷雨などピーク以外の災害が大幅に増加し、損害総額は1,360億米ドル、うち保険金は670億米ドルで、10年前の平均より増加しました。一方、熱帯低気圧は、主に米国で発生した大型ハリケーンの影響を受け、損害総額に1,350億米ドル、保険損害に520億米ドルを追加しました。経済的コストは大きいもの、2024年の死者数は約11,000人で、過去の平均を大幅に下回りました。

自然災害の頻度と深刻さの増大

気候変動は異常気象を助長し、メキシコのような地震リスク地域に対する保険金や災害保険の増額を必要とするため、市場成長に拍車をかけています。例えば、世界銀行は2024年4月、メキシコの大西洋沿岸の暴風雨や地震に対する保険を提供するため、4億2,000万米ドル相当の3つの災害債券を発行しました。この新しい災害債券は、以前の債券から6,000万米ドル補償額を引き上げています。メキシコの国土の約40％と人口の約3分の1は、ハリケーン、暴風雨、洪水、地震、火山活動などの自然災害に対して脆弱であり、GDPの30％が3つ以上の災害、70％以上が2つ以上の災害のリスクにさらされています。

市場セグメンテーション

• 保険タイプに基づき、市場は災害医療保険、地震保険、洪水保険、暴風雨保険、テロ保険、火山保険、山火事保険、その他保険に区分されます。
• 災害の種類によって、市場は人災と自然災害に区分されます。
• エンドユーザー別では、商業用、個人用、住宅用に区分されます。
• 販売チャネル別では、市場はダイレクト保険プロバイダー、ブローカー＆代理店、バンカシュアランス（銀行支援型保険販売）、オンライン保険プラットフォームに区分されます。

自然災害分野が最大シェアで市場をリードする

地震、ハリケーン、洪水、津波、山火事、火山噴火などの自然災害は、人命、財産、環境に甚大な被害をもたらす大惨事です。気候変動は自然災害の激甚化を招き、保険加入への意識を高め、経済的損失の可能性から市場の成長を促進しています。災害慈善センター（Center for Disaster Philanthropy）が2024年10月に報告したように、米国では44件の大洪水が発生し、それぞれの被害額は10億米ドルを超え、1年当たりの平均被害総額は45億米ドルに上りました。洪水によって、2024年だけで少なくとも738人の命が奪われたと報告されていますが、そのほとんどが運転中の事故によるものです。米国における洪水による経済的コストは年間1,798億米ドルから4,960億米ドルの間で変動しており、将来の損失を抑えることで高いリターンを生む洪水対策への投資の必要性が強調されています。

暴風雨保険市場セグメンテーション：市場成長の主要セグメント

暴風雨保険は、建物、動産、居住不能物件に対する暴風雨に関連した大きな損害を、経済的損失、修理費、買い替え費、生活費から確実に補償するものです。暴風雨保険は、住宅所有者、企業、農業生産者、自動車、海洋・航空部門、政府プロジェクトを、暴風雨による損害による経済的損失から保護します。また、事業運営を保護し、農作物、動物、車両、貨物を保証し、大規模な開発プロジェクトを保護します。

地域別の展望

世界の災害保険市場はさらに地域別に、北米（米国とカナダ）、アジア太平洋（インド、中国、日本、韓国、オーストラリアとニュージーランド、ASEAN諸国、その他アジア太平洋地域）、欧州（英国、ドイツ、フランス、イタリア、スペイン、ロシア、その他アジア太平洋地域）、世界のその他の地域（中東とアフリカ）に分けられます。

アジア太平洋における政府投資と近代化

インドの多様な気候と地形は頻繁な洪水の影響を受けやすく、特に経済的なセーフティネットを持たない人々の生活に影響を与え、市場の成長を促進しています。例えば、2024年2月、インドのWRMS世界はMIC世界と協力し、ギグワーカーや商人向けに洪水に強い保険商品を導入しました。MIC世界のMiIncomeデジタル再保険プラットフォームを活用したこの保険は、洪水による収入減の経済的影響を軽減することを目的としています。洪水回復のきっかけは、インドの零細企業、商人、ギグワーカーに対応し、地域の洪水に対する金銭的補償を提供することです。このコラボレーションは、WRMS世界の経験を活用し、生産性を高め、持続可能な慣行を促進し、収入の信頼性を保証するものです。

北米地域が大きなシェアを占める

北米が大きなシェアを占めているのは、ハリケーンモデルがコンピュータベースのシステムであり、ハリケーンの形成、強度、進路、影響を予測・シミュレーションするために利用されているからです。物理モデル、統計モデル、および大気条件、海洋データ、過去の暴風雨履歴を利用できるハイブリッドモデルに分けられます。ハリケーン・シミュレーションは、気象予測、災害計画、気候変動研究、エネルギー利用、農作物への影響研究などに応用され、リアルタイム予測、長期動向の特定、保護計画を提供しています。さらに、自然災害リスクは保険コストを上昇させ、補償を割高にし、保険未加入物件を増加させ、一部の保険会社が市場から撤退する原因となっています。例えば、2000年以来、米国のハリケーンは1兆1,000億米ドルの経済的損害と5,200億米ドルの保険損害を引き起こしていることから、エーオンは2024年8月、暴風雨リスクをより効果的に管理するために改良したハリケーン・モデルを発表しました。この新しいモデル、Impact Forecasting's US Hurricane v3.0は、再保険業界にとって極めて重要なエクスポージャーをより正確に定義するために、イベントセットの更新、ハザードおよび脆弱性コンポーネントの改良、より広範な占有クラスおよび修正要素など、リアルタイムのアップデートと機能強化が含まれています。

最近の動向

• 2025年5月、ステートファームは山火事の影響を受けたカリフォルニア州の顧客を支援しました。5月12日現在、State Farmは、山火事に関連する保険金請求を約12,700件受理し、35億米ドル以上を顧客に支払いました。
• 2024年11月、InsurityはICEYEと協力し、リアルタイムの大災害情報を地理空間分析プラットフォームに取り込みました。これは、損害保険会社が大災害により迅速かつ効果的に対応できるようサポートするものです。ICEYEのSAR衛星コンステレーションは、天候や日照時間に関係なく、世界中のあらゆる場所に関する詳細なリアルタイムの災害情報を提供します。この統合により、保険会社はより効率的に対応し、より良いリソースを割り当て、被災した保険契約者に迅速な支援を提供することができます。
• 2024年11月、太平洋キャタストロフ・リスク・インシュアランス・カンパニー（PCRIC）は、WTWの災害リスク・ファイナンス・チームとオルタナティブ・リスク・トランスファー・チームの支援を得て、太平洋島嶼国・地域の政府および政府関連機関の保険契約を再保険しました。再保険ポートフォリオの更新は、この地域の災害リスク保険へのアクセスを向上させることを目的としています。

目次

第1章 レポートサマリー

• 業界の現状分析と成長可能性の展望
• 災害保険の世界市場売上分析：保険タイプ | 災害タイプ | エンドユーザー | 流通チャネル
• 災害保険市場上位国の販売実績
• 調査手法
• 1次調査アプローチ
• 2次調査アプローチ
• 市場スナップショット

第2章 市場概要と洞察

• 調査範囲
• アナリストの洞察と現在の市場動向
  • 災害保険業界の主要動向
  • 市場からの提言
• 災害保険市場のポーターのファイブフォース分析
  • 競争企業間の敵対関係
  • 新規参入業者の脅威
  • 供給企業の交渉力
  • 買い手の交渉力
  • 代替品の脅威

第3章 市場の決定要因

• 市場促進要因
  • 世界の災害保険市場の促進要因：影響分析
• 市場のペインポイントと課題
  • 世界の災害保険市場の抑制要因：インパクト分析影響分析
• 市場機会

第4章 競合情勢

• 競合ダッシュボード：災害保険市場の売上高とメーカー別シェア
• 災害保険の製品比較分析
• 主要企業ランキングマトリックス
• 主要企業分析
  • Allianz SE
  • People's Insurance Company of China Ltd.
  • Selective Insurance Group, Inc.
  • Sompo International Holdings Ltd.
  • Tokio Marine & Nichido Fire Insurance Co., Ltd.
• 主要企業の主要成功戦略
  • 合併と買収
  • 商品発売
  • パートナーシップとコラボレーション

第5章 世界の災害保険市場売上高分析：保険タイプ別

• 災害医療保険
• 地震保険
• 洪水保険
• 暴風雨保険
• テロ保険
• 火山保険
• 山火事保険
• その他の保険

第6章 世界の災害保険市場災害売上高分析：災害タイプ別

• 人災
• 自然災害

第7章 災害保険の世界市場売上高分析：エンドユーザー別

• 商業
• 個人
• 住宅

第8章 災害保険の世界市場売上高分析：流通チャネル別

• ダイレクト保険プロバイダー
• ブローカーおよび代理店
• バンカシュアランス（銀行支援型保険販売）
• オンライン保険プラットフォーム

第9章 地域別分析

• 北米の災害保険市場の売上分析：保険タイプ | 災害タイプ | エンドユーザー | 流通チャネル | 国別
• 北米のマクロ経済要因
  • 米国
  • カナダ
• 欧州の災害保険市場の売上分析：保険タイプ | 災害タイプ | エンドユーザー | 流通チャネル | 国別
• 欧州のマクロ経済要因
  • 英国
  • ドイツ
  • イタリア
  • スペイン
  • フランス
  • ロシア
  • その他欧州
• アジア太平洋地域の災害保険市場の売上高分析：保険タイプ | 災害タイプ | エンドユーザー | 流通チャネル | 国別
• アジア太平洋地域のマクロ経済要因
  • 中国
  • 日本
  • 韓国
  • インド
  • オーストラリアとニュージーランド
  • ASEAN諸国（タイ、インドネシア、ベトナム、シンガポール、その他）
  • その他アジア太平洋地域
• 世界のその他の地域の災害保険市場売上高分析：保険タイプ | 災害タイプ | エンドユーザー | 流通チャネル | 国別
• 世界のその他の地域のマクロ経済要因
  • ラテンアメリカ
  • 中東およびアフリカ

第10章 企業プロファイル

• Admiral Group plc
• Allianz SE
• Allstate Insurance Co.
• American International Group, Inc.
• Aon plc
• Assurant, Inc.
• Aviva PLC
• Berkshire Hathaway Specialty Insurance
• Brown & Brown, Inc.
• Chubb Group
• Cigna Health and Life Insurance Company（CHLIC）
• Factory Mutual Insurance Company
• Hannover Ruck SE
• Hippo Enterprises Inc.
• Kin Insurance Technology Hub, LLC.
• People's Insurance Company of China Ltd.
• Pilot Catastrophe
• PURE Insurance（Privilege Underwriters Inc）
• Progressive Casualty Insurance Co.
• Prudential plc
• RENFROE
• Selective Insurance Group, Inc.
• Sompo International Holdings Ltd.
• Swiss Re
• Tokio Marine & Nichido Fire Insurance Co., Ltd.
• Zurich American Insurance Co.

LIST OF TABLES

• 1. Global Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024-2035 ($ Million)
• 2. Global Catastrophe Health Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 3. Global Earthquake Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 4. Global Flood Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 5. Global Storm Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 6. Global Terrorism Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 7. Global Volcano Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 8. Global Wildfires Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 9. Global Other Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 10. Global Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024-2035 ($ Million)
• 11. Global Man-Made Events Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 12. Global Natural Disasters Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 13. Global Catastrophe Insurance Market Research And Analysis By End-User, 2024-2035 ($ Million)
• 14. Global Commercial Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 15. Global Personal Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 16. Global Residential Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 17. Global Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024-2035 ($ Million)
• 18. Global Catastrophe Insurance Via Direct Insurance Providers Market Research And Analysis By Region, 2024-2035 ($ Million)
• 19. Global Catastrophe Insurance Via Brokers & Agents Market Research And Analysis By Region, 2024-2035 ($ Million)
• 20. Global Catastrophe Insurance Via Bancassurance (Bank-Assisted Insurance Sales) Market Research And Analysis By Region, 2024-2035 ($ Million)
• 21. Global Catastrophe Insurance Via Online Insurance Platforms Market Research And Analysis By Region, 2024-2035 ($ Million)
• 22. Global Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 23. North American Catastrophe Insurance Market Research And Analysis By Country, 2024-2035 ($ Million)
• 24. North American Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024-2035 ($ Million)
• 25. North American Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024-2035 ($ Million)
• 26. North American Catastrophe Insurance Market Research And Analysis By End-User, 2024-2035 ($ Million)
• 27. North American Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024-2035 ($ Million)
• 28. European Catastrophe Insurance Market Research And Analysis By Country, 2024-2035 ($ Million)
• 29. European Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024-2035 ($ Million)
• 30. European Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024-2035 ($ Million)
• 31. European Catastrophe Insurance Market Research And Analysis By End-User, 2024-2035 ($ Million)
• 32. European Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024-2035 ($ Million)
• 33. Asia-Pacific Catastrophe Insurance Market Research And Analysis By Country, 2024-2035 ($ Million)
• 34. Asia-Pacific Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024-2035 ($ Million)
• 35. Asia-Pacific Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024-2035 ($ Million)
• 36. Asia-Pacific Catastrophe Insurance Market Research And Analysis By End-User, 2024-2035 ($ Million)
• 37. Asia-Pacific Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024-2035 ($ Million)
• 38. Rest Of The World Catastrophe Insurance Market Research And Analysis By Region, 2024-2035 ($ Million)
• 39. Rest Of The World Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024-2035 ($ Million)
• 40. Rest Of The World Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024-2035 ($ Million)
• 41. Rest Of The World Catastrophe Insurance Market Research And Analysis By End-User, 2024-2035 ($ Million)
• 42. Rest Of The World Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024-2035 ($ Million)

LIST OF FIGURES

• 1. Global Catastrophe Insurance Market Research And Analysis By Insurance Type, 2024 Vs 2035 (%)
• 2. Global Catastrophe Health Insurance Market Share By Region, 2024 Vs 2035 (%)
• 3. Global Earthquake Insurance Market Share By Region, 2024 Vs 2035 (%)
• 4. Global Flood Insurance Market Share By Region, 2024 Vs 2035 (%)
• 5. Global Storm Insurance Market Share By Region, 2024 Vs 2035 (%)
• 6. Global Terrorism Insurance Market Share By Region, 2024 Vs 2035 (%)
• 7. Global Volcano Insurance Market Share By Region, 2024 Vs 2035 (%)
• 8. Global Wildfires Insurance Market Share By Region, 2024 Vs 2035 (%)
• 9. Global Other Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 10. Global Catastrophe Insurance Market Research And Analysis By Catastrophe Type, 2024 Vs 2035 (%)
• 11. Global Man-Made Events Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 12. Global Natural Disasters Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 13. Global Catastrophe Insurance Market Research And Analysis By End-User, 2024 Vs 2035 (%)
• 14. Global Commercial Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 15. Global Personal Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 16. Global Residential Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 17. Global Catastrophe Insurance Market Research And Analysis By Distribution Channel, 2024 Vs 2035 (%)
• 18. Global Catastrophe Insurance Via Direct Insurance Providers Market Share By Region, 2024 Vs 2035 (%)
• 19. Global Catastrophe Insurance Via Brokers & Agents Market Share By Region, 2024 Vs 2035 (%)
• 20. Global Catastrophe Insurance Via Bancassurance (Bank-Assisted Insurance Sales) Market Share By Region, 2024 Vs 2035 (%)
• 21. Global Catastrophe Insurance Via Online Insurance Platforms Market Share By Region, 2024 Vs 2035 (%)
• 22. Global Catastrophe Insurance Market Share By Region, 2024 Vs 2035 (%)
• 23. US Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 24. Canada Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 25. UK Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 26. France Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 27. Germany Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 28. Italy Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 29. Spain Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 30. Russia Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 31. Rest Of Europe Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 32. India Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 33. China Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 34. Japan Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 35. South Korea Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 36. ASEAN Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 37. Australia and New Zealand Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 38. Rest Of Asia-Pacific Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 39. Latin America Catastrophe Insurance Market Size, 2024-2035 ($ Million)
• 40. Middle East And Africa Catastrophe Insurance Market Size, 2024-2035 ($ Million)

Catastrophe Insurance Market Size, Share & Trends Analysis Report by Insurance Type (Catastrophic Health Insurance, Earthquake Insurance, Flood Insurance, Storm Insurance, Terrorism Insurance, Volcano Insurance, Wildfires Insurance, and Other Insurance), by Catastrophe Type (Man-made Events, and Natural Disasters), by End-User (Commercial, Personal, and Residential), and by Distribution Channel (Direct Insurance Providers, Brokers & Agents, Bancassurance (Bank-Assisted Insurance Sales), and Online Insurance Platforms) Forecast Period (2025-2035)

Industry Overview

Catastrophe insurance market was valued at $215 billion and is projected to reach $360 billion by 2035, growing at a CAGR of 4.8% during the forecast period from 2025 to 2035. The catastrophe insurance demand is fueled by growing climate-related catastrophes, urbanization, infrastructure expansion, regulatory needs, AI and big data analytics, heightened reinsurance demand, increased awareness, and increasing economic losses as a result of the rising cost of disaster recovery.

Market Dynamics

Climate Change and Rising Frequency of Catastrophes

Climate change raises the frequency of natural disasters, generating greater demand for catastrophe insurance due to the intensity and uncertainty of these risks. The National Oceanic and Atmospheric Administration (NOAA) reports that, in 2024, natural disasters globally incurred total losses of $320 billion, with $140 billion covered, exceeding the inflation-adjusted averages of the last decade and 30 years. Weather-related catastrophes accounted for 93% of these total losses and 97% of insured losses, marking it as the third most expensive year for insured losses and the fifth for total losses since 1980. Non-peak perils such as floods, wildfires, and severe thunderstorms added substantially, with losses totalling $136 billion, of which $67 billion were insured, showing an increase from the decade's previous average. In contrast, tropical cyclones, with influence primarily in the US with large hurricanes, accounted for an additional $135 billion to the total losses and $52 billion to the insured losses. Although the economic cost, the number of deaths in 2024 was approximately 11,000, which was significantly lower than the historical mean.

Growing Natural Disaster Frequency and Severity

Climate change enhances extreme weather conditions that require increased insurance coverage and catastrophe policies for earthquake-risk areas such as Mexico, fueling market growth. For instance, in April 2024, the World Bank issued three catastrophe bonds worth $420 million to offer insurance to Mexico against named storms along its Atlantic coast and earthquake occurrences. The new cat bonds raise coverage by $60 million from the earlier ones. Approximately 40% of Mexico's area and around one-third of its population are vulnerable to natural disasters such as hurricanes, storms, floods, earthquakes, and volcanic activity, with 30% of the GDP at risk from three or more hazards and over 70% at risk from two or more hazards.

Market Segmentation

• Based on the insurance type, the market is segmented into catastrophic health insurance, earthquake insurance, flood insurance, storm insurance, terrorism insurance, volcano insurance, wildfire insurance, and other insurance.
• Based on the catastrophe type, the market is segmented into man-made events and natural disasters.
• Based on the end-user, the market is segmented into commercial, personal, and residential.
• Based on the distribution channel, the market is segmented into direct insurance providers, brokers & agents, bancassurance (bank-assisted insurance sales), and online insurance platforms.

Natural disasters Segment to Lead the Market with the Largest Share

Natural disasters, including earthquakes, hurricanes, floods, tsunamis, wildfires, and volcanic eruptions, are catastrophic events that result in extensive damage to life, property, and the environment. Climate change is leading to more intense natural disasters, increasing insurance coverage awareness, and propelling market growth as a result of possible financial losses. In October 2024, as reported by the Center for Disaster Philanthropy, the US saw 44 major floods, each worth over a billion dollars in damage, with a total average cost per year of $4.5 billion. The floods have claimed at least 738 lives reported in 2024 alone, mostly due to driving accidents. The economic cost of flooding in the US annually varies between $179.8 billion and $496 billion, emphasizing the need to invest in flood protection that can generate a high return by limiting future losses.

Storm Insurance: A Key Segment in Market Growth

Storm insurance ensures coverage of major storm-related damages to buildings, personal property, and uninhabitable properties against financial loss, repair, replacement, and living expenses. Storm insurance protects homeowners, businesses, farming producers, cars, marine and aviation sectors, and government projects from financial losses due to damage caused by storms. It secures business operations, guarantees crops, animals, vehicles, and cargoes, and protects large-scale development projects.

Regional Outlook

The global catastrophe insurance market is further divided by geography, including North America (the US and Canada), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), and the Rest of the World (the Middle East & Africa, and Latin America).

Government Investments and Modernization in Asia-Pacific

India's diverse climate and topography make it susceptible to frequent flooding, impacting livelihoods and driving market growth, especially for those without financial safety nets. For instance, in February 2024, India's WRMS Global collaborated with MIC Global to introduce a flood resilience insurance product for gig workers and merchants. The insurance, utilizing MIC Global's MiIncome digital reinsurance platform, seeks to reduce the financial effects of income loss due to floods. The Flood Resilience trigger addresses micro businesses, merchants, and gig workers in India, offering financial coverage against local flooding. The collaboration utilizes WRMS Global's experience to boost productivity, promote sustainable practices, and guarantee income reliability.

North America Region Dominates the Market with Major Share

North America holds a significant share because the hurricane model is a computer-based system that is utilized to forecast and simulate hurricane formation, intensity, path, and effect. It can be divided into physical models, statistical models, and hybrid models that are capable of utilizing atmospheric conditions, oceanic data, and past storm history. Hurricane simulations are applied in weather forecasting, disaster planning, climate change studies, energy applications, and crop impact studies, offering real-time forecasts, long-term trend identification, and protection planning. Additionally, natural disaster risks have increased insurance costs, rendering coverage more expensive, elevating uninsured property, and causing some insurers to leave markets. For instance, in August 2024, Aon unveiled an upgraded hurricane model designed to more effectively manage storm risk, as US hurricanes have caused $1.1 trillion in economic damage and $520 billion in insured losses since 2000. This new model, Impact Forecasting's US Hurricane v3.0, includes real-time updates and enhancements such as an updated event set, refined hazard and vulnerability components, and a broader range of occupancy classes and modifiers to more accurately define exposure that is crucial for the reinsurance industry.

Market Players Outlook

The major companies operating in the global catastrophe insurance market include Allianz, People's Insurance Company of China Ltd., Selective Insurance Group, Inc., Sompo International Holdings Ltd., and Tokio Marine & Nichido Fire Insurance Co., Ltd., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

• In May 2025, State Farm helped California customers impacted by wildfires. As of May 12, State Farm has received approximately 12,700 total claims related to the fires and has paid over $3.5 billion to its customers.
• In November 2024, Insurity collaborated with ICEYE to bring real-time catastrophe information into its geospatial analytics platform. It supports P&C insurers to respond more quickly and effectively to catastrophes. ICEYE's SAR satellite constellation offers in-depth, real-time catastrophe information about any location worldwide, irrespective of weather or daylight hours. This integration helps insurers respond more efficiently, allocate better resources, and extend fast assistance to affected policyholders.
• In November 2024, Pacific Catastrophe Risk Insurance Company (PCRIC) reinsured its policies for governments and government-linked institutions in Pacific Island nations and territories with the assistance of WTW's Disaster Risk Finance and Alternative Risk Transfer teams. The reinsurance portfolio's renewal is designed to increase access to enhanced disaster risk insurance coverage for the region.

The Report Covers:

• Market value data analysis for 2024 and forecast to 2035.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global catastrophe insurance market. Based on the availability of data, information related to new products and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

Table of Contents

1. Report Summary

• Current Industry Analysis and Growth Potential Outlook
• Global Catastrophe Insurance Market Sales Analysis - Insurance Type| Catastrophe Type| End-User| Distribution Channel ($ Million)
• Catastrophe Insurance Market Sales Performance of Top Countries
• 1.1. Research Methodology
• Primary Research Approach
• Secondary Research Approach
• 1.2. Market Snapshot

2. Market Overview and Insights

• 2.1. Scope of the Study
• 2.2. Analyst Insight & Current Market Trends
  • 2.2.1. Key Catastrophe Insurance Industry Trends
  • 2.2.2. Market Recommendations
• 2.3. Porter's Five Forces Analysis for the Catastrophe Insurance Market
  • 2.3.1. Competitive Rivalry
  • 2.3.2. Threat of New Entrants
  • 2.3.3. Bargaining Power of Suppliers
  • 2.3.4. Bargaining Power of Buyers
  • 2.3.5. Threat of Substitutes

3. Market Determinants

• 3.1. Market Drivers
  • 3.1.1. Drivers For Global Catastrophe Insurance Market: Impact Analysis
• 3.2. Market Pain Points and Challenges
  • 3.2.1. Restraints For the Global Catastrophe Insurance Market: Impact Analysis
• 3.3. Market Opportunities

4. Competitive Landscape

• 4.1. Competitive Dashboard - Catastrophe Insurance Market Revenue and Share by Manufacturers
• Catastrophe Insurance Product Comparison Analysis
• Top Market Player Ranking Matrix
• 4.2. Key Company Analysis
  • 4.2.1. Allianz SE
    • 4.2.1.1. Overview
    • 4.2.1.2. Product Portfolio
    • 4.2.1.3. Financial Analysis (Subject to Data Availability)
    • 4.2.1.4. SWOT Analysis
    • 4.2.1.5. Business Strategy
  • 4.2.2. People's Insurance Company of China Ltd.
    • 4.2.2.1. Overview
    • 4.2.2.2. Product Portfolio
    • 4.2.2.3. Financial Analysis (Subject to Data Availability)
    • 4.2.2.4. SWOT Analysis
    • 4.2.2.5. Business Strategy
  • 4.2.3. Selective Insurance Group, Inc.
    • 4.2.3.1. Overview
    • 4.2.3.2. Product Portfolio
    • 4.2.3.3. Financial Analysis (Subject to Data Availability)
    • 4.2.3.4. SWOT Analysis
    • 4.2.3.5. Business Strategy
  • 4.2.4. Sompo International Holdings Ltd.
    • 4.2.4.1. Overview
    • 4.2.4.2. Product Portfolio
    • 4.2.4.3. Financial Analysis (Subject to Data Availability)
    • 4.2.4.4. SWOT Analysis
    • 4.2.4.5. Business Strategy
  • 4.2.5. Tokio Marine & Nichido Fire Insurance Co., Ltd.
    • 4.2.5.1. Overview
    • 4.2.5.2. Product Portfolio
    • 4.2.5.3. Financial Analysis (Subject to Data Availability)
    • 4.2.5.4. SWOT Analysis
    • 4.2.5.5. Business Strategy
• 4.3. Top Winning Strategies by Market Players
  • 4.3.1. Merger and Acquisition
  • 4.3.2. Product Launch
  • 4.3.3. Partnership And Collaboration

5. Global Catastrophe Insurance Market Sales Analysis by Insurance Type ($ Million)

• 5.1. Catastrophic Health Insurance
• 5.2. Earthquake Insurance
• 5.3. Flood Insurance
• 5.4. Storm Insurance
• 5.5. Terrorism Insurance
• 5.6. Volcano Insurance
• 5.7. Wildfires Insurance
• 5.8. Other Insurance

6. Global Catastrophe Insurance Market Sales Analysis by Catastrophe Type ($ Million)

• 6.1. Man-made Events
• 6.2. Natural Disasters

7. Global Catastrophe Insurance Market Sales Analysis by End-User ($ Million)

• 7.1. Commercial
• 7.2. Personal
• 7.3. Residential

8. Global Catastrophe Insurance Market Sales Analysis by Distribution Channel ($ Million)

• 8.1. Direct Insurance Providers
• 8.2. Brokers & Agents
• 8.3. Bancassurance (Bank-Assisted Insurance Sales)
• 8.4. Online Insurance Platforms

9. Regional Analysis

• 9.1. North American Catastrophe Insurance Market Sales Analysis - Insurance Type| Catastrophe Type| End-User| Distribution Channel |Country ($ Million)
• Macroeconomic Factors for North America
  • 9.1.1. United States
  • 9.1.2. Canada
• 9.2. European Catastrophe Insurance Market Sales Analysis - Insurance Type| Catastrophe Type| End-User| Distribution Channel |Country ($ Million)
• Macroeconomic Factors for Europe
  • 9.2.1. UK
  • 9.2.2. Germany
  • 9.2.3. Italy
  • 9.2.4. Spain
  • 9.2.5. France
  • 9.2.6. Russia
  • 9.2.7. Rest of Europe
• 9.3. Asia-Pacific Catastrophe Insurance Market Sales Analysis - Insurance Type| Catastrophe Type| End-User| Distribution Channel| Country ($ Million)
• Macroeconomic Factors for Asia-Pacific
  • 9.3.1. China
  • 9.3.2. Japan
  • 9.3.3. South Korea
  • 9.3.4. India
  • 9.3.5. Australia & New Zealand
  • 9.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Others)
  • 9.3.7. Rest of Asia-Pacific
• 9.4. Rest of the World Catastrophe Insurance Market Sales Analysis - Insurance Type| Catastrophe Type| End-User| Distribution Channel| Country ($ Million)
• Macroeconomic Factors for the Rest of the World
  • 9.4.1. Latin America
  • 9.4.2. Middle East and Africa

10. Company Profiles

• 10.1. Admiral Group plc
  • 10.1.1. Quick Facts
  • 10.1.2. Company Overview
  • 10.1.3. Product Portfolio
  • 10.1.4. Business Strategies
• 10.2. Allianz SE
  • 10.2.1. Quick Facts
  • 10.2.2. Company Overview
  • 10.2.3. Product Portfolio
  • 10.2.4. Business Strategies
• 10.3. Allstate Insurance Co.
  • 10.3.1. Quick Facts
  • 10.3.2. Company Overview
  • 10.3.3. Product Portfolio
  • 10.3.4. Business Strategies
• 10.4. American International Group, Inc.
  • 10.4.1. Quick Facts
  • 10.4.2. Company Overview
  • 10.4.3. Product Portfolio
  • 10.4.4. Business Strategies
• 10.5. Aon plc
  • 10.5.1. Quick Facts
  • 10.5.2. Company Overview
  • 10.5.3. Product Portfolio
  • 10.5.4. Business Strategies
• 10.6. Assurant, Inc.
  • 10.6.1. Quick Facts
  • 10.6.2. Company Overview
  • 10.6.3. Product Portfolio
  • 10.6.4. Business Strategies
• 10.7. Aviva PLC
  • 10.7.1. Quick Facts
  • 10.7.2. Company Overview
  • 10.7.3. Product Portfolio
  • 10.7.4. Business Strategies
• 10.8. Berkshire Hathaway Specialty Insurance
  • 10.8.1. Quick Facts
  • 10.8.2. Company Overview
  • 10.8.3. Product Portfolio
  • 10.8.4. Business Strategies
• 10.9. Brown & Brown, Inc.
  • 10.9.1. Quick Facts
  • 10.9.2. Company Overview
  • 10.9.3. Product Portfolio
  • 10.9.4. Business Strategies
• 10.10. Chubb Group
  • 10.10.1. Quick Facts
  • 10.10.2. Company Overview
  • 10.10.3. Product Portfolio
  • 10.10.4. Business Strategies
• 10.11. Cigna Health and Life Insurance Company (CHLIC)
  • 10.11.1. Quick Facts
  • 10.11.2. Company Overview
  • 10.11.3. Product Portfolio
  • 10.11.4. Business Strategies
• 10.12. Factory Mutual Insurance Company
  • 10.12.1. Quick Facts
  • 10.12.2. Company Overview
  • 10.12.3. Product Portfolio
  • 10.12.4. Business Strategies
• 10.13. Hannover Ruck SE
  • 10.13.1. Quick Facts
  • 10.13.2. Company Overview
  • 10.13.3. Product Portfolio
  • 10.13.4. Business Strategies
• 10.14. Hippo Enterprises Inc.
  • 10.14.1. Quick Facts
  • 10.14.2. Company Overview
  • 10.14.3. Product Portfolio
  • 10.14.4. Business Strategies
• 10.15. Kin Insurance Technology Hub, LLC.
  • 10.15.1. Quick Facts
  • 10.15.2. Company Overview
  • 10.15.3. Product Portfolio
  • 10.15.4. Business Strategies
• 10.16. People's Insurance Company of China Ltd.
  • 10.16.1. Quick Facts
  • 10.16.2. Company Overview
  • 10.16.3. Product Portfolio
  • 10.16.4. Business Strategies
• 10.17. Pilot Catastrophe
  • 10.17.1. Quick Facts
  • 10.17.2. Company Overview
  • 10.17.3. Product Portfolio
  • 10.17.4. Business Strategies
• 10.18. PURE Insurance (Privilege Underwriters Inc)
  • 10.18.1. Quick Facts
  • 10.18.2. Company Overview
  • 10.18.3. Product Portfolio
  • 10.18.4. Business Strategies
• 10.19. Progressive Casualty Insurance Co.
  • 10.19.1. Quick Facts
  • 10.19.2. Company Overview
  • 10.19.3. Product Portfolio
  • 10.19.4. Business Strategies
• 10.20. Prudential plc
  • 10.20.1. Quick Facts
  • 10.20.2. Company Overview
  • 10.20.3. Product Portfolio
  • 10.20.4. Business Strategies
• 10.21. RENFROE
  • 10.21.1. Quick Facts
  • 10.21.2. Company Overview
  • 10.21.3. Product Portfolio
  • 10.21.4. Business Strategies
• 10.22. Selective Insurance Group, Inc.
  • 10.22.1. Quick Facts
  • 10.22.2. Company Overview
  • 10.22.3. Product Portfolio
  • 10.22.4. Business Strategies
• 10.23. Sompo International Holdings Ltd.
  • 10.23.1. Quick Facts
  • 10.23.2. Company Overview
  • 10.23.3. Product Portfolio
  • 10.23.4. Business Strategies
• 10.24. Swiss Re
  • 10.24.1. Quick Facts
  • 10.24.2. Company Overview
  • 10.24.3. Product Portfolio
  • 10.24.4. Business Strategies
• 10.25. Tokio Marine & Nichido Fire Insurance Co., Ltd.
  • 10.25.1. Quick Facts
  • 10.25.2. Company Overview
  • 10.25.3. Product Portfolio
  • 10.25.4. Business Strategies
• 10.26. Zurich American Insurance Co.
  • 10.26.1. Quick Facts
  • 10.26.2. Company Overview
  • 10.26.3. Product Portfolio
  • 10.26.4. Business Strategies