Property Insurance Industry Outlook in Europe in 2022

GlobalData’s ‘Property Insurance Industry Outlook in Europe in 2022’ report provides a comprehensive overview of the European property insurance industry.

• This report provides the market size of the property insurance industry in the European region. Europe accounted for 25% of the global property insurance business in 2020. It grew at a review period (2016-2020) CAGR of 3.5%.

• France, Germany, and the UK accounted for over 50% of the region’s business in 2020. Poland and France noted the highest loss ratios at 89.2% and 80.4% respectively among the regional markets in 2020. The report provides details on the market size of property insurance premiums for regional markets along with their profitability ratios.

• A challenging property market, along with severe Nat-Cat events, contributed to the growth of the specialty insurance market. Key lines of business generating revenue in specialty lines include high-hazard risks and non-standard risks. The report provides an insight into key trends, the impact of climate change, technology developments, and potential disruptors in the property insurance industry.

• Clean energy, climate change, and environmental, social, and governance (ESG) considerations are expected to remain key focus areas for property insurers.

• The report provides a comparative analysis of leading insurers in the region.

• The report throws light on the regulatory requirements in the region including licensing rules, capital requirements, taxation regime, and ownership quotas.

• The report also highlights recent M&As in the property insurance industry.