Global Climate Risk Insurance Market Growth (Status and Outlook) 2025-2031

The global Climate Risk Insurance market size is predicted to grow from US$ 364 million in 2025 to US$ 498 million in 2031; it is expected to grow at a CAGR of 5.3% from 2025 to 2031.

Climate risk insurance is a specialized type of insurance that helps individuals, businesses, and governments manage the financial impact of climate-related events, such as floods, hurricanes, wildfires, droughts, and other extreme weather events driven by climate change. As climate risks become more unpredictable and frequent, climate risk insurance provides a safety net against property damage, business interruptions, and loss of income caused by natural disasters.These insurance products are designed to offer financial protection by covering the costs of recovery, rebuilding, and other post-disaster expenses. Climate risk insurance is crucial for regions prone to extreme weather, where the frequency and severity of natural catastrophes are on the rise due to climate change.

United States market for Climate Risk Insurance is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Climate Risk Insurance is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Climate Risk Insurance is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Climate Risk Insurance players cover Munich Re, Swiss Re, AXA, Allianz, Chubb, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Climate Risk Insurance Industry Forecast” looks at past sales and reviews total world Climate Risk Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Climate Risk Insurance sales for 2025 through 2031. With Climate Risk Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Climate Risk Insurance industry.

This Insight Report provides a comprehensive analysis of the global Climate Risk Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Climate Risk Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Climate Risk Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Climate Risk Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Climate Risk Insurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Climate Risk Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:
Indemnity Insurance
Trigger-Based Insurance
Other

Segmentation by Application:
Individual and Household
Government
Business Affected by Weather

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Munich Re
Swiss Re
AXA
Allianz
Chubb
Prudential
Zurich Insurance Group
Hannover Re
Tokio Marine
Berkshire Hathaway Reinsurance Group
Mapfre
Cigna
The Hartford
Mapfre Re
Sompo International
Mitsui Sumitomo Insurance Group

Please note: The report will take approximately 2 business days to prepare and deliver.