Edison, NJ — (SBWIRE) — 09/10/2021 — The Global Contents Insurance Market Report assesses developments relevant to the insurance industry and identifies key risks and vulnerabilities for the Contents Insurance Industry to make stakeholders aware with current and future scenarios. A wide range of Insurers, aggregators and agencies were included in the market assessment.
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Globally, the insurance industry experienced strong premium growth in 2019, at percent, whereas growth in 2020 is noticeably slower, at percent. Total premiums (GWP) are expected to reach … by 2026. Contents Insurance Companies looking for top growth opportunities in global insurance markets may explore both the fastest growing and largest developed markets. However, the slowing growth rates suggest that most carriers will need to look further afield. “The growth during this period will be fuelled by the emerging markets in the APAC and Latin American regions”
This report shows the market for Contents Insurance. It also breaks down market by country and application [, Auto insurance, Homeowners insurance, Condo insurance, Renters insurance, Landlord insurance & Business insurance].
Geographically, the global version of report covers following regions and country:
– North America [United States, Canada and Mexico]
– Europe [Germany, the UK, France, Italy, Netherlands, Belgium, Russia, Spain, Sweden, and Rest of Europe]
– Asia-Pacific [China, Japan, South Korea, India, Australia, Southeast Asia and Others]
– South America [Brazil, Argentina, Chile and Rest of South America]
– Middle East and Africa (South Africa, Turkey, Israel, GCC Countries and Rest of Africa)
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Research Approach & Assumptions:
– HTF MI describe major trends of Global Contents Insurance Market using final data for 2019 and previous years, as well as quarterly or annual reports for 2020. The study is divided into the following years: base year as 2020, Historical data considered as 2016-2020 and Forecast time frame is 2021-2026.
– A variety of analytical tools were used in order to evaluate how the insurance sector, and especially the Contents Insurance Industry, might respond to global macroeconomic shifts over the next ten years. The “consensus scenario” assumes that there will be a recovery in global GDP growth over the next few years, as well as fluctuating interest rates. The Contents Insurance Market report reflects the output of this model.
– While calculating growth of Contents Insurance Market, we generally used nominal gross premium figures based on 2020 fixed exchange rates, since this data allowed us to compare local growth rates without the interference of currency fluctuations. Exceptions to this rule are Venezuela, Argentina, Venezuela and many African countries due to high inflation rates.
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Thank you for reading Contents Insurance Industry Research publication. You can also obtain individual chapters or report versions by region like USA, China and Southeast Asia LATAM, APAC, etc.
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