The global home insurance market is estimated to be valued at $4,07,940.4 million by 2028 , surging from $2,41,006.8 million in 2020 at a noteworthy CAGR of 6.8% . Impact Analysis of COVID-19 on the Home Insurance Market The COVID-19 emergency has had a negative impact on the global home insurance market growth. During the pandemic, the restriction on construction activities led to decline in demand of home insurance services globally. The general economic activity is uncertain and could continue to negatively impact premium volumes of the insurance companies. The degree of the impact will depend on the duration of the pandemic and the related impact on the economy. Moreover, during the time of the pandemic, some of the global insurance companies have been adopting various strategies such as acquisition and partnerships to gain a major position in the global market during the pandemic. Post COVID-19 Pandemic Impacts on Home Insurance Market. Click to Connect with our Expert
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