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Global Catastrophe Insurance Market 2016-2020

Global Catastrophe Insurance Market 2016-2020

About Catastrophe Insurance

Catastrophe insurance helps in protecting residences and businesses against natural disasters like hurricanes, floods, earthquakes, and against man-made disasters such as terrorist attacks. Generally, catastrophe insurance has a low probability that involves high-cost events. These high-cost events are excluded from the standard hazard insurance policies. It is difficult to estimate the total potential cost of an insured loss thereby making it difficult for the catastrophe insurance issuers to effectively manage risk. Retrocession and reinsurance are used with catastrophe insurance to manage catastrophe risk.

Technavio’s analysts forecast the global catastrophe insurance market to grow at a CAGR of 5.49% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global catastrophe insurance market for 2016-2020. To calculate the market size, the report considers the global loss insured from the catastrophe insurance market in the Americas, Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Catastrophe Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • American International Group
  • Allianz
  • AXA
  • Berkshire Hathaway
  • Lloyds
Other prominent vendors
  • Allstate
  • Aviva
  • Liberty Mutual
  • Zurich Insurance
Market driver
  • Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance
  • For a full, detailed list, view our report
Market challenge
  • Avoidance of overfitted models
  • For a full, detailed list, view our report
Market trend
  • Leveraging social media channels for better market penetration and for better customer connectivity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Catastrophe Insurance Market 2016-2020

Technavio recognizes the following companies as the key players in the global catastrophe insurance market: American International Group, Allianz, AXA, Berkshire Hathaway, and Lloyds.

Other Prominent Vendors in the market are: Allstate, Aviva, Liberty Mutual, and Zurich Insurance.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be improvements in capital management leading to greater performance of different investments. Many insurance vendors are working to achieve market leading investment performance. Such efforts may help the vendors to develop and sustain a huge asset base to harvest high profitability. On the other hand, enterprise value creators are playing a huge role in leveraging technology and infrastructure, thereby optimizing operations. This may help increase shareholder value in the organization. Many institutional investors like the insurance companies are finding ideal investment opportunities such as understanding fixed income flows.”

According to the report, climatic change will be a key driver for market growth. Climatic changes have occurred due to the various natural and manmade disasters. Therefore, the insurance company requires not only to focus on the historical data but also to have forward projections. Climate change has brought in extreme weather events, and therefore insurance companies need to understand the change in the frequency of the extreme weather condition. Therefore, the insurance companies, reinsurance companies, capital markets, and governments are making use of various catastrophe modeling technologies.

Further, the report states that CAT models are used by the insurers to capture the effects of kerbstones on flood waters and adjacent buildings on the local wind speeds. The current challenge for the market is the lesser amount of detail that is been made available to the insurers. Therefore, the insurers are unable to model at sufficient resolution to capture the most important factors that determine flood depths and wind speeds at particular locations.

Companies Mentioned

American International Group, Allianz, AXA, Berkshire Hathaway, Lloyds, Allstate, Aviva, Liberty Mutual, and Zurich Insurance.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Countries covered for market analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Definition of catastrophe insurance
    • Difference between catastrophe and non-catastrophe exposure
    • Catastrophe insurance transaction
      • Table Life cycle of a catastrophe insurance
  • Market landscape
    • Market overview
      • Table Types of catastrophe that are insured
      • Table Peculiarities in the wildfire loss
      • Table Types of drought insurance
    • Global insured losses and forecast
      • Table Global catastrophe insurance market 2015-2020 ($ billions)
      • Table Reasons for upgrading capital management
      • Table Costliest global earthquakes for global economy
      • Table Market share of losses for different catastrophes 2015
      • Table Catastrophe insured losses 2015 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Table Geographical segmentation 2015
    • Table Geographical segmentation 2020
    • Americas
      • Table Catastrophe insurance market in Americas 2015-2020 ($ billions)
    • APAC
      • Table Catastrophe insurance market in APAC 2015-2020 ($ billions)
    • EMEA
      • Table Catastrophe insurance market in EMEA 2015-2020 ($ billion)
  • Market drivers
    • Catastrophe bond pricing and valuation strategies
    • Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance
      • Table Strategies of PPP
    • Climatic changes
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Impact of catastrophic losses on the insurers' balance sheets and on pricing and rating system
    • Modeling of climatic hazards
      • Table Various components of structured catastrophe models
      • Table Challenges in weather-related CAT modeling
    • Challenges faced by insurance brokerage firms
      • Table Challenges faced by insurance brokerage firms
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Improvement in capital management leading to greater performance of different investments
      • Table Major components of a typical catastrophe model
      • Table Data-driven insights for better data management
    • Use of big data analytics to design catastrophe policies
      • Table Insurance segment with significant use of analytics (actuarial and underwriting)
      • Table Insurance segment with significant use of analytics (claims processing)
      • Table Insurance segment with significant use of analytics (fraud)
      • Table Forms of catastrophe frauds
    • Leveraging social media channels for better market penetration and for better customer connectivity
      • Table Social media benefits to insurance firms
      • Table Factors that drive customer satisfaction
      • Table Customer connectivity
      • Table Innovations in customer services
  • Vendor landscape
    • Competitive landscape
      • Table Management of catastrophe exposure
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor profiles
    • American International Group, Inc.
      • Table Product portfolio
      • Table Recent developments
    • Allianz
      • Table Product portfolio
      • Table Recent developments
    • AXA
      • Table Product portfolio
      • Table Recent developments
    • Berkshire Hathaway
      • Table Recent developments
    • Lloyds
      • Table Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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