Kathmandu. By 2034, the global earthquake insurance market is projected to reach $13.6 billion. <\/p>\n
According to the Market.us report, the global earthquake insurance market is expected to grow from $7.6 billion in 2024 to $13.6 billion by 2034. This represents a compound annual growth rate (CAGR) of 6.0 per cent during the forecast period. <\/p>\n
Natural disasters, urbanization, and rising frequency of rising property prices in earthquake-prone areas are fuelling the growth of the earthquake insurance market. Government initiatives aimed at regulations that promote disaster preparedness and resilience have also contributed to broader policy adoption. <\/p>\n
In 2024, the non-life insurance segment accounted for more than 76% of the market. which reflects the demand for comprehensive coverage of property and property risk. The share of individual policies is 64 percent. Which indicates increasing demand among homeowners. <\/p>\n
Because of their role in risk assessment and customer service, agents became the main distribution channel for more than 30% of sales. Of the total insured persons, 66% are individuals. This indicates a growing awareness at the household level about seismic risk. – Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. By 2034, the global earthquake insurance market is projected to reach $13.6 billion. According to the Market.us report, the global earthquake insurance market is expected to grow from $7.6 billion in 2024 to $13.6 billion by 2034. This represents a compound annual growth rate (CAGR) of 6.0 per cent during the forecast period. Natural […]<\/p>\n","protected":false},"author":16,"featured_media":252130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-252132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/252132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=252132"}],"version-history":[{"count":0,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/252132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/252130"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=252132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=252132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=252132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}