The Home Insurance Global Market Report 2023, provides comprehensive information on the home insurance market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Home Insurance Market’s Growth:
https://www.thebusinessresearchcompany.com/report/home-insurance-global-market-report
As per The Business Research Company’s Home Insurance Global Market Report 2023, the global home insurance market is expected to grow from $243.40 billion in 2022 to $265.61 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The home insurance market is expected to reach $360.89 billion in 2027 at a CAGR of 8.0%.
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Technological advancements are a key trend gaining popularity in the home insurance market. Major companies operating in the home insurance market are adopting new technologies to sustain their position in the market. For instance, in July 2023, Tensorflight, a US-based software company, launched TensorAssist, its latest chatbot assistant powered by OpenAI’s ChatGPT-4 technology. The new offering enables current Tensorflight commercial property insurance customers to quickly comprehend its property intelligence platform’s wide diversity of data points. Tensorflight’s virtual artificial intelligence (AI) assistant, explicitly created for the property insurance industry, will act as a priceless expert in property analysis and ultimately be able to offer users detailed knowledge and perspectives on any requested property as well as advice on related risks.
The home insurance market is segmented:
1) By Coverage: Dwelling Coverage, Content Coverage, Liability Coverage Banking, Other Coverages
2) By Provider: Insurance Companies, Insurance Agents Or Brokers, Other Providers
3) By End User: Landlords, Tenants
North America was the largest region in the home insurance market in 2022.
The table of contents in TBRC’s home insurance market report includes:
1. Executive Summar
2. Home Insurance Market Characteristics
3. Home Insurance Market Trends And Strategies
4. Home Insurance Market – Macro Economic Scenario
5. Global Home Insurance Market Size and Growth
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26. South America Home Insurance Market
27. Brazil Home Insurance Market
28. Middle East Home Insurance Market
29. Africa Home Insurance Market
30. Home Insurance Market Competitive Landscape And Company Profiles
Top Major Players:
- MetLife Inc
- American International Group Inc
- Allstate Insurance Company
- Liberty Mutual Insurance
- The Progressive Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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