Fire Insurance Market Size, Share, and Trends 2025 to 2034

The global fire insurance market size is calculated at USD 106.3 billion in 2025 and is forecasted to reach around USD 262.17 billion by 2034, accelerating at a CAGR of 10.55% from 2025 to 2034. The North America market size surpassed USD 39.43 billion in 2024 and is expanding at a CAGR of 10.68% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

Last Updated : July 2025  |  Report Code : 6324  |  Category : ICT  |  Format : PDF / PPT / Excel

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Fire Insurance Market 

5.1. COVID-19 Landscape: Fire Insurance Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Fire Insurance Market, By Coverage Type

8.1. Fire Insurance Market, by Coverage Type

8.1.1. Property Fire Insurance

8.1.1.1. Market Revenue and Forecast

8.1.2. Commercial Fire Insurance

8.1.2.1. Market Revenue and Forecast

8.1.3. Industrial Fire Insurance

8.1.3.1. Market Revenue and Forecast

8.1.4. Residential Fire Insurance              

8.1.4.1. Market Revenue and Forecast

Chapter 9. Global Fire Insurance Market, By Property Type

9.1. Fire Insurance Market, by Property Type

9.1.1. Commercial Property       

9.1.1.1. Market Revenue and Forecast

9.1.2. Industrial Property

9.1.2.1. Market Revenue and Forecast

9.1.3. Residential Property

9.1.3.1. Market Revenue and Forecast

9.1.4. Mobile

9.1.4.1. Market Revenue and Forecast

9.1.5. Others

9.1.5.1. Market Revenue and Forecast

Chapter 10. Global Fire Insurance Market, By Deductible 

10.1. Fire Insurance Market, by Deductible

10.1.1. High-Deductible Fire Insurance

10.1.1.1. Market Revenue and Forecast

10.1.2. Low-Deductible Fire Insurance

10.1.2.1. Market Revenue and Forecast

Chapter 11. Global Fire Insurance Market, By Distribution Channel 

11.1. Fire Insurance Market, by Distribution Channel 

11.1.1. Brokers

11.1.1.1. Market Revenue and Forecast

11.1.2. Captive Agents

11.1.2.1. Market Revenue and Forecast

11.1.3. Direct Writers

11.1.3.1. Market Revenue and Forecast

11.1.4. Analog, MEMS and Others

11.1.4.1. Market Revenue and Forecast

11.1.5. Independent Agents

11.1.5.1. Market Revenue and Forecast

Chapter 12. Global Fire Insurance Market, By Policy Term

12.1. Fire Insurance Market, by Policy Term

12.1.1. Annual Policies

12.1.1.1. Market Revenue and Forecast

12.1.2. Multi-Year Policies

12.1.2.1. Market Revenue and Forecast

12.1.3. Short-Term Policies

12.1.3.1. Market Revenue and Forecast

Chapter 13. Global Fire Insurance Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Coverage Type

13.1.2. Market Revenue and Forecast, by Property Type

13.1.3. Market Revenue and Forecast, by Deductible

13.1.4. Market Revenue and Forecast, by Distribution Channel   

13.1.5. Market Revenue and Forecast, by Policy Term  

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Coverage Type

13.1.6.2. Market Revenue and Forecast, by Property Type

13.1.6.3. Market Revenue and Forecast, by Deductible

13.1.6.4. Market Revenue and Forecast, by Distribution Channel   

13.1.6.5. Market Revenue and Forecast, by Policy Term   

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Forecast, by Coverage Type

13.1.7.2. Market Revenue and Forecast, by Property Type

13.1.7.3. Market Revenue and Forecast, by Deductible

13.1.7.4. Market Revenue and Forecast, by Distribution Channel   

13.1.7.5. Market Revenue and Forecast, by Policy Term  

13.2. Europe

13.2.1. Market Revenue and Forecast, by Coverage Type

13.2.2. Market Revenue and Forecast, by Property Type

13.2.3. Market Revenue and Forecast, by Deductible

13.2.4. Market Revenue and Forecast, by Distribution Channel    

13.2.5. Market Revenue and Forecast, by Policy Term   

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Coverage Type

13.2.6.2. Market Revenue and Forecast, by Property Type

13.2.6.3. Market Revenue and Forecast, by Deductible

13.2.7. Market Revenue and Forecast, by Distribution Channel    

13.2.8. Market Revenue and Forecast, by Policy Term   

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Coverage Type

13.2.9.2. Market Revenue and Forecast, by Property Type

13.2.9.3. Market Revenue and Forecast, by Deductible

13.2.10. Market Revenue and Forecast, by Distribution Channel   

13.2.11. Market Revenue and Forecast, by Policy Term  

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Coverage Type

13.2.12.2. Market Revenue and Forecast, by Property Type

13.2.12.3. Market Revenue and Forecast, by Deductible

13.2.12.4. Market Revenue and Forecast, by Distribution Channel   

13.2.13. Market Revenue and Forecast, by Policy Term  

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Coverage Type

13.2.14.2. Market Revenue and Forecast, by Property Type

13.2.14.3. Market Revenue and Forecast, by Deductible

13.2.14.4. Market Revenue and Forecast, by Distribution Channel   

13.2.15. Market Revenue and Forecast, by Policy Term  

13.3. APAC

13.3.1. Market Revenue and Forecast, by Coverage Type

13.3.2. Market Revenue and Forecast, by Property Type

13.3.3. Market Revenue and Forecast, by Deductible

13.3.4. Market Revenue and Forecast, by Distribution Channel   

13.3.5. Market Revenue and Forecast, by Policy Term  

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Coverage Type

13.3.6.2. Market Revenue and Forecast, by Property Type

13.3.6.3. Market Revenue and Forecast, by Deductible

13.3.6.4. Market Revenue and Forecast, by Distribution Channel   

13.3.7. Market Revenue and Forecast, by Policy Term  

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Coverage Type

13.3.8.2. Market Revenue and Forecast, by Property Type

13.3.8.3. Market Revenue and Forecast, by Deductible

13.3.8.4. Market Revenue and Forecast, by Distribution Channel   

13.3.9. Market Revenue and Forecast, by Policy Term  

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Coverage Type

13.3.10.2. Market Revenue and Forecast, by Property Type

13.3.10.3. Market Revenue and Forecast, by Deductible

13.3.10.4. Market Revenue and Forecast, by Distribution Channel   

13.3.10.5. Market Revenue and Forecast, by Policy Term  

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Coverage Type

13.3.11.2. Market Revenue and Forecast, by Property Type

13.3.11.3. Market Revenue and Forecast, by Deductible

13.3.11.4. Market Revenue and Forecast, by Distribution Channel   

13.3.11.5. Market Revenue and Forecast, by Policy Term  

13.4. MEA

13.4.1. Market Revenue and Forecast, by Coverage Type

13.4.2. Market Revenue and Forecast, by Property Type

13.4.3. Market Revenue and Forecast, by Deductible

13.4.4. Market Revenue and Forecast, by Distribution Channel   

13.4.5. Market Revenue and Forecast, by Policy Term  

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Coverage Type

13.4.6.2. Market Revenue and Forecast, by Property Type

13.4.6.3. Market Revenue and Forecast, by Deductible

13.4.6.4. Market Revenue and Forecast, by Distribution Channel   

13.4.7. Market Revenue and Forecast, by Policy Term  

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Coverage Type

13.4.8.2. Market Revenue and Forecast, by Property Type

13.4.8.3. Market Revenue and Forecast, by Deductible

13.4.8.4. Market Revenue and Forecast, by Distribution Channel   

13.4.9. Market Revenue and Forecast, by Policy Term  

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Coverage Type

13.4.10.2. Market Revenue and Forecast, by Property Type

13.4.10.3. Market Revenue and Forecast, by Deductible

13.4.10.4. Market Revenue and Forecast, by Distribution Channel   

13.4.10.5. Market Revenue and Forecast, by Policy Term  

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Coverage Type

13.4.11.2. Market Revenue and Forecast, by Property Type

13.4.11.3. Market Revenue and Forecast, by Deductible

13.4.11.4. Market Revenue and Forecast, by Distribution Channel   

13.4.11.5. Market Revenue and Forecast, by Policy Term  

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Coverage Type

13.5.2. Market Revenue and Forecast, by Property Type

13.5.3. Market Revenue and Forecast, by Deductible

13.5.4. Market Revenue and Forecast, by Distribution Channel   

13.5.5. Market Revenue and Forecast, by Policy Term  

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Coverage Type

13.5.6.2. Market Revenue and Forecast, by Property Type

13.5.6.3. Market Revenue and Forecast, by Deductible

13.5.6.4. Market Revenue and Forecast, by Distribution Channel   

13.5.7. Market Revenue and Forecast, by Policy Term  

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Coverage Type

13.5.8.2. Market Revenue and Forecast, by Property Type

13.5.8.3. Market Revenue and Forecast, by Deductible

13.5.8.4. Market Revenue and Forecast, by Distribution Channel   

13.5.8.5. Market Revenue and Forecast, by Policy Term  

Chapter 14. Company Profiles

14.1. Allstate Insurance Company

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Travelers Companies, Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Zurich Insurance Group Ltd

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. The Hartford Financial Services Group, Inc.

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Generali Group

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. State Farm Mutual Automobile Insurance Company

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Munich Reinsurance Company

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Ping An Insurance (Group) Company of China, Ltd.

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Farmers Insurance Group of Companies

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Chubb Ltd.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global fire insurance market is expected to increase from USD 96.16 billion in 2024 to USD 262.17 billion by 2034.

The fire insurance market is expected to grow at a compound annual growth rate (CAGR) of around 10.55% from 2025 to 2034.

The major players in the fire insurance market include Allstate Insurance Company, Travelers Companies, Inc., Tokio Marine Nichido Fire Insurance Co., Ltd., Generali Group, The Hartford Financial Services Group, Inc., Zurich Insurance Group Ltd, Nationwide Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, Ping An Insurance (Group) Company of China, Ltd., Munich Reinsurance Company, Allianz SE, Farmers Insurance Group of Companies, Chubb Ltd., AXA SA, Liberty Mutual Insurance Group, Inc.

The driving factors of the fire insurance market are the growth of urban infrastructure, industrial development, and increased technology use have led to more frequent fire incidents, boosting the growth of the market. 

North America region will lead the global fire insurance market during the forecast period 2025 to 2034.

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