, APAC
316 views
/dekddui1405 from Envato

APAC home insurance market to hit $82.4b by 2032

Globally, home insurance is seen to reach a CAGR of 7.3%.

Asia-Pacific’s home insurance market is forecasted to register a compound annual growth rate (CAGR) of 11.4%, generating $82.4b in revenue by 2032, according to Market Data Forecast.

Economic growth and rising per capita income in countries like China, India, and Vietnam have increased living standards and demand for enhanced housing services, driving growth in the region.

The global house insurance market was valued at $241.88b in 2023 and is projected to grow to $259.54b in 2024. 

By 2032, the market is expected to reach $456.04b, reflecting a compound annual growth rate (CAGR) of 7.3% during the forecast period.

Join Insurance Asia community

Home insurance typically covers property damage, liability for injuries, and property damage caused by various incidents, including theft, vandalism, and damage caused by pets. However, standard policies often exclude natural disasters such as floods, earthquakes, and neglected property.
 

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Entrepreneurship remains a pipedream for many Filipinos
Enterprisers struggle with cumbersome loan requirements and high collateral.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
Insurance
Bajaj Allianz launches exclusive insurance for women
The plan covers critical illnesses, maternal and reproductive health, and wellness.