PUBLISHER: QYResearch | PRODUCT CODE: 1862329
PUBLISHER: QYResearch | PRODUCT CODE: 1862329
The global market for Flood Insurance was estimated to be worth US$ 16472 million in 2024 and is forecast to a readjusted size of US$ 35029 million by 2031 with a CAGR of 10.9% during the forecast period 2025-2031.
Flood insurance is a type of property insurance that covers losses and damages caused by flooding, typically due to heavy rainfall, storm surges, overflowing rivers, or rapid snowmelt. It is usually not included in standard homeowner or commercial property insurance policies and must be purchased separately, either through government-backed programs or private insurers. Downstream applications include residential property protection, commercial real estate risk management, mortgage lending compliance, municipal infrastructure planning, and agricultural risk mitigation.
The flood insurance market is shaped by increasing climate volatility, rising sea levels, and the growing frequency and intensity of extreme weather events. Governments in many regions, such as the United States through the National Flood Insurance Program (NFIP), play a central role in providing coverage and managing underwriting risks. However, private insurers are expanding their presence, especially in high-risk areas where public programs face limitations or budgetary constraints. The market is also being influenced by advancements in risk modeling, geospatial analytics, and satellite imaging, which improve the accuracy of flood risk assessment and premium pricing.
In developed economies, flood insurance is often mandated for properties in designated flood zones, especially when mortgages are involved. Meanwhile, in emerging markets, awareness and adoption remain low, despite increasing vulnerability to flood events. This presents opportunities for insurance providers, reinsurers, and insurtech companies to develop tailored, data-driven solutions. Additionally, public-private partnerships are emerging as a critical strategy for expanding coverage and building resilience. As climate change accelerates, the flood insurance market is expected to grow steadily, becoming an essential tool in climate adaptation and disaster recovery planning.
This report aims to provide a comprehensive presentation of the global market for Flood Insurance, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Flood Insurance by region & country, by Type, and by Application.
The Flood Insurance market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flood Insurance.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Flood Insurance company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Flood Insurance in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Flood Insurance in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.