Global Catastrophe Insurance Market Worth $2.5 Billion by 2027 – Industry Assessment with COVID-19 Impact Estimates and Profiles of 46 Competitors

DUBLIN, July 21, 2020 /PRNewswire/ -- The "Catastrophe Insurance - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to this 8th edition of this report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Catastrophe Insurance Market to Reach US$2.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Catastrophe Insurance estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.6% CAGR for the Period of 2020-2027

The Catastrophe Insurance market in the U.S. is estimated at US$521.1 Million in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$521.8 Million in the year 2027 trailing a CAGR of 6.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR while Rest of European market (as defined in the study) will reach US$521.8 Million by the year 2027.

Competitors identified in this market include, among others:

• Allianz SE
• Allstate Insurance Company
• American International Group, Inc.
• Aviva Group
• AXA Equitable Financial Services, LLC
• Berkshire Hathaway Inc.
• Liberty Mutual Insurance
• Lloyds Bank plc
• Zurich Insurance Group Ltd.

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/om37m8

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SOURCE Research and Markets