Home Insurance Market 2020 - 2027: Investment and Business Analysis by Allainz SE, The Allstate Corporation, The USAA, Amica Mutual Insurance, Erie Insurance Group, MetLife, SFMAIC, Esurance Insurance Services, The Progressive Corporation, and GEICO.

Home insurance industry has experienced tremendous growth globally in past few years, especially in the non-life sector such as property insurance. It is also known as homeowners insurance, it covers losses incurred to property in form of any damages or other losses.

Home insurance policy has a liability limit, which offers insurance coverage when unexpected loss or damage happens. In some cases, when the damage is higher than insured package, insured individuals have to pay the remaining amount. In addition, home insurance policy is a multiple line policy that covers both property insurance and liability coverage.

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Increase in damage to homes from theft, collapse, and various natural calamities are key driving factors for the global home insurance market. For instance, average premium cost for home insurance in the U.S. increased from $800 to $1,100 from 2008 to 2017. In addition, average home insurance claim amount stood at around $12,000 in North America. Lack of standard rules and regulations, geographical locations, and changing customer preferences hinder the market growth.

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Key benefits of the report:
-This study presents analytical depiction of the global home insurance market size along with the current trends and future estimations to determine the imminent investment pockets.
-The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
-The current market is quantitatively analyzed from 2020 to 2027 to highlight the global home insurance market growth scenario.
-Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
-The report provides a detailed market analysis based on the present and future competitive intensity of the market.

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Major players analyzed include Allainz SE, The Allstate Corporation, The United Services Automobile Association, Amica Mutual Insurance Company, Erie Insurance Group, MetLife , Inc., State Farm Mutual Automobile Insurance Company, Esurance Insurance Services, Inc., The Progressive Corporation, and GEICO.

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