Market Research Report
Global Catastrophe Insurance Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||373403|
|Published||Content info||83 Pages
|Global Catastrophe Insurance Market 2016-2020|
|Published: September 26, 2016||Content info: 83 Pages||
Catastrophe insurance helps in protecting residences and businesses against natural disasters like hurricanes, floods, earthquakes, and against man-made disasters such as terrorist attacks. Generally, catastrophe insurance has a low probability that involves high-cost events. These high-cost events are excluded from the standard hazard insurance policies. It is difficult to estimate the total potential cost of an insured loss thereby making it difficult for the catastrophe insurance issuers to effectively manage risk. Retrocession and reinsurance are used with catastrophe insurance to manage catastrophe risk.
Technavio's analysts forecast the global catastrophe insurance market to grow at a CAGR of 5.49% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global catastrophe insurance market for 2016-2020. To calculate the market size, the report considers the global loss insured from the catastrophe insurance market in the Americas, Asia-Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).
The market is divided into the following segments based on geography:
Technavio's report, Global Catastrophe Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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