洪水保険市場：補償タイプ、物件タイプ、保険会社、地域別、2026年～2032年

洪水保険市場の評価-2026年～2032年

気候変動や悪天候による洪水発生件数の増加が洪水保険の需要を高めており、洪水保険の普及を後押ししています。米国の全国洪水保険制度（NFIP）のような政府の義務付けにより、洪水が発生しやすい地域の不動産所有者は保険に加入することが義務付けられているため、市場規模は2024年に135億1,000万米ドルを突破し、2032年には約370億8,000万米ドルに達します。

これに加えて、洪水危険地域における不動産価値の上昇により、住宅所有者や企業にとって十分な保険加入が不可欠となり、洪水保険の普及に拍車がかかっています。リスク評価ツールやモデリング技術の向上は、洪水保険を効果的に引き受ける保険会社の能力を強化し、2026年から2032年までのCAGRを14.84%として市場の成長を可能にしています。

洪水保険市場定義／概要

洪水保険は、洪水に関連する損害による経済的損失から不動産所有者を保護するために設計された特殊な補償です。一般的に洪水被害を除外している標準的な住宅所有者保険とは異なり、洪水保険は、建物、家財、その他の構造物への水害を含む洪水に関連するリスクに特に対応しています。洪水保険は、米国における全米洪水保険プログラム（NFIP）のような政府プログラムを通じて運営されることが多く、洪水常襲地域の住宅所有者に手頃な保険料を提供しています。

実際には、洪水保険は、指定洪水区域または洪水の既往のある地域に所在する住宅所有者および企業にとって極めて重要です。保険契約者は、洪水による損失を回復するために保険金を請求することができます。洪水による損失には、構造物の損壊、所持品の損失、さらには物件が居住不能になった場合の追加生活費などが含まれます。洪水による経済的影響を軽減することで、この保険は不動産所有者に洪水軽減対策への投資を促し、地域社会の回復力を促進します。

気候変動の影響に対する意識の高まりは、洪水保険市場の成長をどのように促進するか？

異常気象の頻度と深刻さの増大は、洪水保険市場の成長の主な原動力となっています。FEMAの2023年の年次報告書によると、洪水関連災害は米国全土で320億米ドルを超える損害をもたらし、包括的な補償の重要性が強調されています。このようなリスクの高まりを受けて、アリアンツSEは2024年3月に、高度なリスク・モデリングと住宅・商業施設の両方に対する補償オプションの拡充を特徴とする、より充実した洪水保険商品群を発売しました。

規制の変更と政府の取り組みは、洪水保険市場の拡大に大きな影響を与えました。全米洪水保険プログラム（National Flood Insurance Program）は2023年、洪水区域のマッピングが更新されたため、洪水保険の義務付けが以前より27%多い物件に影響するようになったと報告しました。このような規制の変化に対応するため、アクサ損害保険は2024年2月に新しい技術主導の洪水保険プラットフォームを発表し、リアルタイム洪水モニタリングと自動化された保険金請求処理機能を組み込んで、被害を受けた地域により良いサービスを提供することを目指しました。

気候変動の影響に対する意識の高まりと住宅ローン融資要件の進化により、洪水保険商品に対する需要が増加しています。米国環境保護庁によると、2023年には沿岸地域に住む米国人の68％が洪水リスクへの懸念を表明しており、リスク認識が大きく変化しています。チューリッヒ・インシュアランス・グループはこの動向に着目し、2024年1月に気候変動に強い洪水保険プログラムを発表しました。

洪水保険に関連する保険料の上昇は市場の成長を抑制するか？

洪水保険市場は、その成長と有効性を制限しうるいくつかの重大な抑制要因に直面しています。大きな課題の一つは、不動産所有者のリスク認識です。洪水が発生しやすい地域に住む多くの個人は、洪水が発生する可能性を過小評価しがちであるため、洪水保険への加入率が低いです。このような洪水リスクに対する認識や理解の欠如は、特に洪水が頻繁に発生しないと認識されている地域においては、市場の拡大を妨げる可能性があります。

もうひとつの阻害要因は、洪水保険に関連する保険料の上昇です。気候変動によって洪水事象の頻度と深刻度が増すと、保険会社はリスクの高まりを考慮して保険料を引き上げる可能性があります。このため、多くの不動産所有者、特に低所得者層は、保険に加入することができなくなる可能性があります。高額な保険料は、個人の保険加入を抑制し、洪水発生時に大きな経済的損失を被る可能性を残すことになります。

引受手続に伴う複雑さも課題です。洪水リスクを正確に評価することは、地理的・環境的要因が様々であるため困難です。保険会社は、過去のデータに依存することが多いが、このデータは将来のリスク、特に気候変動の状況を適切に表していない可能性があります。このような不確実性は、不正確な価格設定や補償内容の決定につながり、保険会社が収益性と手ごろな補償内容の提供のバランスをとることを困難にします。

目次

第1章 イントロダクション

• 市場の定義
• 市場セグメンテーション
• 調査手法

第2章 エグゼクティブサマリー

• 主な調査結果
• 市場概要
• 市場ハイライト

第3章 市場概要

• 市場規模と成長の可能性
• 市場動向
• 市場促進要因
• 市場抑制要因
• 市場機会
• ポーターのファイブフォース分析

第4章 洪水保険市場：補償タイプ別

• 建物補償
• コンテンツ補償
• 複合補償

第5章 洪水保険市場：物件タイプ別

• 住宅物件
• 商業用不動産
• その他の物件タイプ

第6章 洪水保険市場：保険会社別

• 全米洪水保険プログラム（NFIP）
• 民間洪水保険

第7章 地域分析

• 北米
• 米国
• カナダ
• メキシコ
• 欧州
• 英国
• ドイツ
• フランス
• イタリア
• アジア太平洋
• 中国
• 日本
• インド
• オーストラリア
• ラテンアメリカ
• ブラジル
• アルゼンチン
• チリ
• 中東・アフリカ
• 南アフリカ
• サウジアラビア
• アラブ首長国連邦

第8章 市場力学

• 市場促進要因
• 市場抑制要因
• 市場機会
• COVID-19の市場への影響

第9章 競合情勢

• 主要企業
• 市場シェア分析

第10章 企業プロファイル

• FEMA（Federal Emergency Management Agency）
• NFIP（National Flood Insurance Program）
• State Farm Insurance
• Allstate Insurance
• The Travelers Companies
• Liberty Mutual Insurance
• Farmers Insurance
• The Hartford
• Chubb Limited
• USAA

第11章 市場の展望と機会

• 新興技術
• 今後の市場動向
• 投資機会

第12章 付録

• 略語リスト
• 出典と参考文献

Flood Insurance Market Valuation - 2026-2032

Growing incidences of flooding due to climate change and severe weather events heighten the demand for flood insurance is propelling the adoption of flood insurance. Government mandates, such as those from the National Flood Insurance Program (NFIP) in the U.S., compel property owners in flood-prone areas to obtain coverage is driving the market size surpass USD 13.51 Billion valued in 2024 to reach a valuation of around USD 37.08 Billion by 2032.

In addition to this, increasing real estate values in flood-risk areas make adequate insurance coverage more essential for homeowners and businesses is spurring up the adoption of flood insurance. Improved risk assessment tools and modeling technologies enhance insurers' ability to underwrite flood policies effectively is enabling the market to grow at a CAGR of 14.84% from 2026 to 2032.

Flood Insurance Market: Definition/ Overview

Flood insurance is a specialized type of coverage designed to protect property owners from financial losses resulting from flood-related damages. Unlike standard homeowners insurance, which typically excludes flood damage, flood insurance specifically addresses the risks associated with flooding, including water damage to buildings, contents, and other structures. It is often administered through government programs, such as the National Flood Insurance Program (NFIP) in the United States, which provides affordable coverage to homeowners in flood-prone areas.

In practice, flood insurance is crucial for homeowners and businesses located in designated flood zones or regions with a history of flooding. Policyholders can file claims to recover losses from flood events, which may include structural damage, loss of personal belongings, and even additional living expenses if the property becomes uninhabitable. By mitigating the financial impact of flooding, this insurance encourages property owners to invest in flood mitigation measures, thereby promoting greater resilience within communities.

How will Growing Awareness of Climate Change Impact Drive Flood Insurance Market Growth?

The increasing frequency and severity of extreme weather events have become a primary driver of the flood insurance market's growth. According to FEMA's 2023 annual report, flood-related disasters caused over USD 32 Billion in damages across the United States, emphasizing the critical need for comprehensive coverage. This escalating risk landscape prompted Allianz SE to launch its enhanced flood insurance product suite in March 2024, featuring advanced risk modeling and expanded coverage options for both residential and commercial properties.

Regulatory changes and government initiatives have significantly influenced the flood insurance market's expansion. The National Flood Insurance Program reported in 2023 that mandatory flood insurance requirements now affect 27% more properties than in previous years due to updated flood zone mappings. In response to these regulatory shifts, AXA Insurance unveiled its new tech-driven flood insurance platform in February 2024, incorporating real-time flood monitoring and automated claims processing capabilities to better serve affected communities.

Growing awareness of climate change impacts and evolving mortgage lending requirements have driven increased demand for flood insurance products. The U.S. Environmental Protection Agency documented that in 2023, 68% of Americans living in coastal areas expressed concern about flood risks, marking a significant shift in risk perception. This trend was capitalized by Zurich Insurance Group, which introduced its climate-resilient flood insurance program in January 2024, featuring parametric coverage options and integrated flood mitigation incentives for policyholders.

Will Rising Cost of Premiums Associated with Flood Insurance Restrain Market Growth?

The flood insurance market faces several significant restraints that can limit its growth and effectiveness. One major challenge is the perception of risk among property owners. Many individuals living in areas prone to flooding often underestimate the likelihood of such events, leading to low uptake of flood insurance policies. This lack of awareness and understanding of flood risk can hinder the market's expansion, especially in regions where flooding is perceived as infrequent.

Another restraint is the rising cost of premiums associated with flood insurance. As climate change increases the frequency and severity of flooding events, insurers may raise premiums to account for the heightened risk. This can make coverage unaffordable for many property owners, particularly those in lower-income brackets. High premiums may deter individuals from purchasing insurance, leaving them vulnerable to substantial financial losses during flood events.

The complexities involved in the underwriting process also pose a challenge. Accurately assessing flood risk can be difficult due to varying geographic and environmental factors. Insurers often rely on historical data, which may not adequately represent future risks, especially in the context of climate change. This uncertainty can lead to inaccurate pricing and coverage decisions, making it difficult for insurers to balance profitability with providing affordable coverage.

Category-Wise Acumens

Which Factors Contribute to Dominance of Combined Coverage Policies Segment in Flood Insurance Market?

Combined coverage policies are emerging as the dominant segment in the flood insurance market, offering comprehensive protection that integrates both structural and content coverage. According to FEMA's 2023 statistics, 82% of new flood insurance policies issued were comprehensive combined coverage plans, demonstrating strong consumer preference for all-inclusive protection. This trend was capitalized by Travelers Insurance in March 2024, when they launched their enhanced combined coverage product featuring automated content valuation and structure assessment tools, along with streamlined claims processing for both property and content damages.

The integration of additional coverages such as temporary living expenses and business interruption within combined policies has significantly driven market growth. The National Flood Insurance Program reported in 2023 that policyholders with combined coverage received 45% higher average claim settlements compared to single-coverage policy holders. Responding to this market demand, Progressive Insurance unveiled its premium combined coverage package in February 2024, incorporating advanced risk modeling and expanded protection options for both residential and commercial properties.

Which Factors Enable National Flood Insurance Program (NFIP) Segment Dominate in the Market?

The National Flood Insurance Program (NFIP) maintains its dominant position in the flood insurance market through its extensive coverage network and government backing. According to FEMA's 2023 report, NFIP provided coverage for over 5 million properties nationwide, representing approximately USD 1.3 Trillion in insured assets. This market leadership was reinforced in March 2024 when NFIP partnered with major private insurers, including Allstate Insurance, to launch an enhanced flood insurance program featuring modernized risk assessment tools and streamlined claims processing capabilities.

NFIP's Risk Rating 2.0 methodology has revolutionized flood insurance pricing and coverage determination, making it more equitable and risk-responsive. The U.S. Government Accountability Office reported that in 2023, the new rating system led to more accurate premium calculations for 77% of policyholders. This evolution in pricing structure was complemented when NFIP collaborated with Munich Re in February 2024 to introduce advanced catastrophe modeling and automated underwriting processes, further strengthening its market position.

Country/Region-wise Acumens

Will Presence of Comprehensive Regulatory Frameworks in North America Fuel Flood Insurance Market Growth?

North America maintains its dominance in the flood insurance market due to comprehensive regulatory frameworks and high penetration rates of flood coverage. According to FEMA's 2023 report, the United States alone accounted for over $1.4 trillion in flood insurance coverage, with approximately 5.5 million active policies. This regional leadership was further solidified when AIG launched its enhanced North American flood insurance platform in March 2024, featuring AI-powered risk assessment tools and expedited claims processing specifically designed for the North American market.

The United States leads the regional market through its robust National Flood Insurance Program and growing private insurance sector participation. The U.S. Government Accountability Office reported that in 2023, flood insurance coverage in mandatory flood zones reached 92% compliance, representing unprecedented market penetration. This market strength was exemplified when Liberty Mutual Insurance introduced its comprehensive flood insurance solution in February 2024, incorporating advanced weather monitoring systems and automated underwriting processes tailored to diverse North American geographical regions.

Will Rising Awareness of Flood Protection Needs Enhance Adoption of Flood Insurance in Asia Pacific?

The Asia Pacific region is experiencing unprecedented growth in the flood insurance market, driven by increasing climate-related risks and rising awareness of flood protection needs. According to the Asian Development Bank's 2023 report, flood-related losses in the region reached USD 86 Billion, spurring a 38% increase in flood insurance adoption rates. This market potential was recognized by Tokio Marine Holdings, which launched its comprehensive flood insurance platform in March 2024, featuring AI-powered risk assessment tools and parametric insurance solutions specifically designed for Asian markets.

China and India are leading the regional market expansion through government-backed initiatives and increasing private sector participation. The China Banking and Insurance Regulatory Commission reported that in 2023, flood insurance penetration in urban areas increased by 52% compared to the previous year. Responding to this growth, Ping An Insurance Group introduced its advanced flood insurance program in February 2024, incorporating satellite-based flood monitoring and rapid claims settlement technologies across major Asian markets.

Competitive Landscape

The flood insurance market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the flood insurance market include:

• FEMA (Federal Emergency Management Agency)
• NFIP (National Flood Insurance Program)
• State Farm Insurance
• Allstate Insurance
• The Travelers Companies
• Liberty Mutual Insurance
• Farmers Insurance
• The Hartford
• Chubb Limited
• USAA
• AIG (American International Group)
• Nationwide Mutual Insurance Company
• Zurich Insurance Group
• Munich Re
• Swiss Re
• Berkshire Hathaway
• AXA
• Progressive Insurance
• American Family Insurance
• Markel Corporation

Latest Developments

• In October 2023, a major insurance provider launched a new flood insurance product designed for residential properties in high-risk areas, offering more flexible coverage options and reduced premiums.
• In September 2023, the government announced an initiative to increase funding for flood mitigation projects, which is expected to enhance the viability of flood insurance programs across affected regions.

Flood Insurance Market, By Category

• Type of Coverage:
• Building Coverage
• Contents Coverage
• Combined Coverage
• Type of Property:
• Residential Properties
• Commercial Properties
• Other Property Types
• Policy Provider:
• National Flood Insurance Program (NFIP)
• Private flood insurance
• Region:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Flood Insurance Market, By Type of Coverage

• Building Coverage
• Contents Coverage
• Combined Coverage

5. Flood Insurance Market, By Type of Property

• Residential Properties
• Commercial Properties
• Other Property Types

6. Flood Insurance Market, By Policy Provider

• National Flood Insurance Program (NFIP)
• Private flood insurance

7. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape

• Key Players
• Market Share Analysis

10. Company Profiles

• FEMA (Federal Emergency Management Agency)
• NFIP (National Flood Insurance Program)
• State Farm Insurance
• Allstate Insurance
• The Travelers Companies
• Liberty Mutual Insurance
• Farmers Insurance
• The Hartford
• Chubb Limited
• USAA

11. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix

• List of Abbreviations
• Sources and References