Natural disasters caused about USD 224 billion of losses in 2025, and insurers covered about USD 108 billion. Global property premiums are expected to shrink by 0.4% in real terms in 2026.
Why this market is moving now
- Global property premium growth is forecast to turn slightly negative in 2026 as pricing softens.
- Insured natural disaster losses topped USD 100 billion again in 2025.
- About half of disaster losses still go uninsured, which leaves a large protection gap for home cover.
- A quiet first half of 2026 brought insured catastrophe losses down to USD 42 billion.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| Personal property insurance, which is mostly home cover, brought in about USD 333 billion of premiums worldwide in 2025. | 333 USD billion | 2025 | |
| Global non-life insurance premiums were USD 4.8 trillion in 2025 and are expected to reach USD 5 trillion in 2026. | 4.8 USD trillion | 2025 | |
| Global property insurance premiums grew 3.5% in real terms in 2025 and are forecast to shrink 0.4% in 2026, the sharpest slowdown of any property and casualty line. | 3.5 % real growth | 2025 | |
| Natural disasters caused about USD 224 billion of losses worldwide in 2025, of which insurers covered about USD 108 billion. | 108 USD billion | 2025 | |
| In 2024, inflation-adjusted natural disaster losses worldwide were USD 368 billion, of which USD 147 billion was insured. | 147 USD billion | 2024 | |
| About 50% of global natural disaster losses were uninsured in 2025, below the 10-year average of about 60%. | 50 % of losses uninsured | 2025 | |
| North America, Central America and the Caribbean accounted for about USD 93 billion of insured natural disaster losses in 2025, most of the world total. | 93 USD billion | 2025 | |
| Natural disasters in Asia-Pacific caused about USD 73 billion of losses in 2025, but only USD 9 billion was insured. | 73 USD billion | 2025 | |
| Global insured natural catastrophe losses were an estimated USD 42 billion in the first half of 2026, the lowest first half since 2020. | 42 USD billion | 2026 | |
| Allianz wrote EUR 86.7 billion of property and casualty business worldwide in 2025, up from EUR 82.9 billion in 2024. | 86.7 EUR billion | 2025 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Companies to watch
Allianz
Wrote EUR 86.7 billion of property and casualty business worldwide in 2025.
Munich Re
Global reinsurer that tracks disaster losses; it put 2025 insured natural disaster losses at about USD 108 billion.
Swiss Re
Global reinsurer whose research unit estimated USD 42 billion of insured catastrophe losses in the first half of 2026.
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
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Frequently asked questions
How big is the global home insurance market?
Personal property insurance, which is mostly home cover, brought in about USD 333 billion of premiums worldwide in 2025. That is part of USD 4.8 trillion in global non-life premiums.
Is the global home insurance market growing?
Global property premiums grew 3.5% in real terms in 2025. They are forecast to shrink 0.4% in 2026 as pricing softens, the sharpest slowdown of any property and casualty line.
How much do natural disasters cost home insurers worldwide?
Natural disasters caused about USD 224 billion of losses worldwide in 2025, and insurers covered about USD 108 billion. In 2024, insured losses were USD 147 billion after inflation.
Which region has the most insured disaster losses?
North America, Central America and the Caribbean had about USD 93 billion of insured natural disaster losses in 2025, most of the world total. Asia-Pacific had USD 73 billion of losses but only USD 9 billion was insured.
How large is the insurance protection gap?
About 50% of global natural disaster losses were uninsured in 2025, below the 10-year average of about 60%.
What were insured catastrophe losses in 2026 so far?
Global insured natural catastrophe losses were an estimated USD 42 billion in the first half of 2026, the lowest first half since 2020.
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