Allied Market Research published a report, titled, “Fire Insurance Market by Coverage (Standard Coverage and Optional Coverage), Enterprise Size (Large Enterprises and Small and Medium Enterprises) and Industry Vertical (Manufacturing, Healthcare, Energy & Utilities, Retail & Consumer Goods, IT & Telecom, Hospitality and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028.” The report offers a detailed analysis of changing market trends, key segments, major investment pockets, competitive landscape, and investment feasibility.

According to a report, the global fire insurance market size was valued at $58.50 billion in 2019, and is projected to reach $120.49 billion by 2028, growing at a CAGR of 11.9% from 2021 to 2028.

The research offers a detailed analysis of driving factors, restraining factors, and opportunities of the global Fire insurance market. These insights are helpful in determining further strategies and tap on opportunities to achieve long-term growth. Market players, investors, and new entrants can avail these insights for unlocking the huge potential and achieve competitive edge.

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The IT & telecom segment in fire insurance market is expected to experience significant growth in the coming years, owing to rise in number of perils in the form of explosion, lightning, loss of data on external media devices, and placing combustible materials at wrong place. Rise in trend among telecommunication firms to make extensive use of electrical systems such as radio, communication satellites, and answering machines in order to ensure efficient and effective use of business resources is considered a major factor that drives the adoption of fire insurance in the telecommunication sector.

Major Players in the fire insurance market:

The report provides an extensive analysis of top market players operating in the global Fire insurance market size. The leading market players discussed in the report include Amica, Allianz, Allstate Insurance Company, AXA, ASSICURAZIONI GENERALI S.PA., GEICO, Liberty Mutual Insurance, Ping An Insurance (Group) Company of China, Ltd., State Farm Mutual Automobile Insurance Company, and USAA.

They offer various strategies such as new product launches, partnerships, joint ventures, mergers and acquisitions, collaborations, expansion, and others to gain long-term growth and make an international presence.

Key Benefits for Stakeholders

  • This study comprises analytical depiction of the global fire insurance market trends along with the future estimations to depict the imminent investment pockets.
  • The overall fire insurance market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current fire insurance market forecast is quantitatively analyzed from 2020 to 2028 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the fire insurance market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

The report provides a detailed segmentation of the global Fire insurance market share based on type, applications, end user, and region. An extensive analysis of each segment and sub-segment is offered in the report. These insights are represented in the tabular and graphical formats. These insights will offer valuable guidance in adopting various strategies to achieve growth and consolidate market position during the forecast period.

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Fire insurance market: Regional Analysis

The research offers an extensive competitive landscape for the global Fire insurance market for various regions and countries. Regions analyzed in the research include North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The data and statistics regarding these regions and countries prove to be valuable in identifying strategies and exploring the potential. AMR also offers the customization services for a specific country, region, and segment as per the requirements.    

COVID-19 Impact on fire insurance market:

The report provides the impact of the Covid-19 pandemic on the global Fire insurance market growth. These insights are helpful in improvising strategies and reassessing business models to cope up with the pandemic. The major impact of the pandemic includes interruptions in manufacturing processes, disruptions in supply chain, and lack of availability of workforce. Investors and stakeholder can adapt their strategies by determining the investment feasibility as per the changing scenario.

Questions Answered in the Fire insurance market Research Report

  • Which are the leading players active in the fire insurance market size?
  • What are the detailed impacts of COVID-19 on the market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

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Fire Insurance Market: Key Segments

By Coverage

  • Standard Coverage 
  • Optional Coverage

By Enterprise Size

  • Large Enterprises
  • Small and Medium Enterprises 

By Industry Vertical

  • Manufacturing
  • Healthcare
  • Energy & Utilities
  • Retail & Consumer Goods
  • IT & Telecom
  • Hospitality 
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East 
    • Africa

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of AMR, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.