Discover the Global Property Insurance Market that is growing at a CAGR of XX% to 2022 in a New Research Report

“Global Property Insurance Market 2022 Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.

Researcher Report: Property Insurance in Emerging Asia' analyzes the rapidly growing economies in Emerging Asia, and identifies opportunities in the midst of economic growth and low insurance penetration.
A shift in the global economic landscape is evident, as growth in developed economyies remains sluggish while emerging economies drive global growth. Strong domestic demand, government expenditure on infrastructure, and policy reforms are supporting growth in Emerging Asia.

The report also analyzes high-growth property insurance markets such as China, India, Indonesia, Thailand, Malaysia, the Philippines and Vietnam, focusing on property insurance sub-categories. The construction market's growth is one of the highest in the world, driven by rapid growth in urbanization.
The region’s susceptibility to natural catastrophes, ongoing political and cultural unrest, and dependence on the agricultural sector also add to the significance of property and casualty insurance. This has driven growth in the insurance industry, including property insurance in Emerging Asia.

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The direct written premium (DWP) for property insurance markets in Emerging Asia grew at a compound annual growth rate (CAGR) range of 7.06–12.99% during the review period, whereas the CAGR for other leading markets (the US, the UK, Germany, France and Japan) was between 2.44 and 4.92%. This is mainly because emerging economies are still in the developing stage, investing heavily in infrastructure.

The insurance industry stands to be benefit from the presence of a robust manufacturing industry. A rise in manufacturing will also increase demand for property insurance such as fire and engineering products. Asia, particularly China and Southeast Asian nations, has been a hub of manufacturing for the world, playing a major role in global trade.
The majority of growth in urbanization is taking place in emerging economies, and this will create demand for new forms of risk protection. Substantial opportunities lie ahead for the insurance industry, particularly the non-life segment and property insurance, as urbanization takes place rapidly in Emerging Asia. A rise in economic activity with ongoing industrialization will generate demand for a range of products in commercial lines of insurance, such as fire, engineering and natural catastrophe risk.

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