Valuables insurance market slated for $5.1b by 2034

Countries in Asia-Pacific, such as India and China, were coined as emerging markets.

The valuables insurance sector is pencilled to register a compound annual growth rate (CAGR) of 6.6% from 2025 to 2034, driven by awareness amongst consumers about asset protection, coupled with growing disposable incomes and wealth accumulation.

Also, the market was valued at $2.6b in 2024 and is estimated to reach $5.1b by 2034, according to Allied Market Research.

“Challenges such as underinsurance, limited awareness in emerging markets, and difficulties in asset valuation may hinder broader market adoption,” the report said.

“Nonetheless, advancements in digital underwriting, integration of blockchain for secure asset verification, and the expansion of online insurance platforms present significant opportunities for future market expansion,” it added.

Countries in Asia-Pacific, such as India and China, were coined as emerging markets due to their growing numbers of high-net-worth individuals, expansion of e-commerce platforms selling luxury products, and government initiatives promoting financial inclusion.