Mine subsidence insurance market to grow 6.4% to $3.42b in 2025

The market is projected to reach $4.32b by 2029.

The mine subsidence insurance market is forecasted to grow 6.4% to $3.42b in 2025, according to The Business Research Company.

The market is projected to reach $4.32b by 2029, growing at a 6.0% compound annual growth rate. 

This is being driven by rising land subsidence incidents, increased urban development over former mines, and evolving regulations mandating coverage.

Technological innovations are also shaping the sector, with advances in subsurface mapping, parametric insurance frameworks, and AI-enabled claims processing expected to improve risk assessment and claims handling.

Stronger mining activity and rising property values are further boosting demand.

Mine subsidence insurance offers protection against ground movement damage, helping to safeguard property and support continued investment in mining-prone areas.