Governments in countries such as Japan, Malaysia, Australia and Thailand are focused on setting regulations to make home insurance mandatory for all residents, which opens market expansion opportunities in the region. (Credit: digitalfoto105/stock.adobe.com)
The global home insurance market is projected to increase 7.3%, compounded annually, through 2027, according to Allied Market Research. The sector is expected to reach $395 billion by the end of the forecast period.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
