Japan drives Asia’s home insurance growth with rising demand

Globally, the market could bag $254.63b.

The global home insurance market was valued at $234.6b in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2034, according to Global Market Insights. 

The growth is supported by rising home ownership and increasing property values, particularly in urban and suburban areas. 

Japan is emerging as a key driver of home insurance growth in Asia, with the market expected to expand significantly over the next decade. 

The country’s large rental housing sector and frequent exposure to natural disasters such as earthquakes, typhoons, and floods are pushing demand for robust landlord insurance products.

These policies typically address property damage, liability, and rental income loss.