Global home insurance market expected to grow 16% through 2026 – InsuranceNewsNet

The Business Research Company Global Home Insurance Market Report 2022: Market Size, Trends and Forecast to 2026

LONDON, GREATER LONDON, UK, April 15, 2022 /EINPresswire.com/ — According to the ‘Global Home Insurance Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026’ published by The Business Research Companythe size of the home insurance market is expected to grow from $27.15 billion in 2021 for $32.42 billion in 2022 at a compound annual growth rate (CAGR) of 19.4%. According to TBRC home insurance market research, the market size is expected to reach $59.01 billion in 2026 at a CAGR of 16.2%. The growing geriatric population is expected to propel the home insurance market.

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The home insurance market consists of the sale of home insurance services by entities that are engaged in the direct underwriting of insurance policies for home treatment performed for illness, disease or injury. Home treatment may be due to a lack of accommodation in the hospital or because the patient’s condition does not allow him to be admitted to the hospital.

Global Home Insurance Market Trends
Companies are focused on publishing policies specific to COVID-19. With the spike in coronavirus pandemic cases, large numbers of those affected have put a strain on hospital and health services, making bed availability even more difficult. However, since not all cases require hospitalization, hospitals are asking those affected to seek treatment at home. Even people are opting for home treatment to ensure safe and effective treatment due to the fear of getting secondary infection from other patients in public hospitals and high prices from private hospitals. This has enabled companies in the home insurance market to provide the home insurance services in addition to the normal COVID-specific health insurance policy.

Segments of the global home insurance market
The global home insurance market is segmented:
By type of insurance: Health insurance, Medical insurance, Income protection insuranceOthers
By type of coverage: lifetime coverage, term coverage
By demographics: minors, adults, seniors
By network: Preferred Provider Organizations (PPO), Point of Service (POS), health maintenance organization (HMO), Exclusive Provider Organizations (EPO)
By service provider: private, public
By Geography: The global home insurance market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America represents the most important part.

To learn more about the Global Home Insurance Market report, visit:
https://www.thebusinessresearchcompany.com/report/domiciliary-insurance-global-market-report

The Global Home Insurance Market Report 2022 is part of a series of new reports from The Business Research Company which provides an overview of the global home insurance market, analyzes and forecasts the market size and growth for the global home insurance market, the global home insurance market share, segments and geographies of the Global Home Insurance Market, Global Home Insurance Market players, Global Home Insurance Market competitors key revenue, profiles and market shares. The Global Home Insurance Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

TBRC’s 2022 Global Home Insurance Market Report includes information on the following:

Data segmentation: market size, global, By region and countries, historical and forecast, and growth rates for 60 geographies

Main market players: Cigna Corporation, AIA Insurance Group, Allianz SE, AXA, Aviva plc, Aetna, Inc. HDFC Ergo, and Munich Re.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, UNITED STATES.
And more.

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Olivier Guirdham
The Business Research Company
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