Tuesday, 02 January 2024 12:17 GMT

Mine Subsidence Insurance Industry Report 2026-2035: A $4.57 Billion Market By 2030 With Munich Reinsurance Co, Chubb, Farmers Insurance, And QBE Insurance Leading


(MENAFN- GlobeNewsWire - Nasdaq) Key opportunities in the mine subsidence insurance market include growth driven by mining expansion, rising property values, and infrastructure development needs. Trends such as digital policy management, geospatial tools, and predictive modeling boost market dynamics. North America leads, while Asia-Pacific is rapidly growing.

Dublin, Feb. 26, 2026 (GLOBE NEWSWIRE) -- The "Mine Subsidence Insurance Market Report 2026" has been added to ResearchAndMarkets's offering.

The mine subsidence insurance market has witnessed substantial growth, projected to expand from $3.42 billion in 2025 to $3.63 billion in 2026, marking a CAGR of 6.1%. This growth is attributed to the extension of residential development over former mining areas, increased awareness of subsidence risks, government-backed insurance programs, and the growth of property ownership in mining regions. As the market progresses, it is expected to reach $4.57 billion by 2030, maintaining a CAGR of 5.9%. This future expansion is driven by the integration of predictive risk modeling, the rising demand for comprehensive coverage policies, digital insurance platform expansions, and enhanced property risk disclosures.

Mining activities play a pivotal role in this growth trajectory, driven by a surge in demand for raw materials necessary for sectors like infrastructure, renewable energy, and technology. Mine subsidence insurance provides essential financial protection against land collapse, fostering confidence for ongoing mining operations and assuring communities and investors. For instance, an increase in the number of mining companies focused on exploration was observed by BDO LLP in January 2024, indicating the strong link between mining activity and insurance market growth.

The rise in property values is another significant factor fueling this market's expansion. Increased urbanization drives higher demand for housing, contributing to rising property prices. Mine subsidence insurance supports this trend by offering protection against land collapse risks, securing properties in mining-affected areas, and enhancing buyer confidence. In May 2025, the U.S. Census Bureau reported a significant increase in new home sales, underscoring the crucial role of insurance in the real estate market.

Infrastructure development further catalyzes the mine subsidence insurance market. The burgeoning requirement for enhanced transport, energy, and utility services, spurred by economic growth and urbanization, leads to increased infrastructure investments. Mine subsidence insurance mitigates the financial risks associated with ground movement, safeguarding investments and supporting sustained urban growth. For instance, the UK's investment in infrastructure showed a notable rise, reflecting the critical role insurance plays in development projects.

Major players in the market include Munich Reinsurance Company, Chubb Limited, Farmers Insurance Group, and QBE Insurance Group Limited, among others. North America held the largest market share in 2025, with Asia-Pacific expected to see the fastest growth. Key regions covered include Asia-Pacific, South East Asia, Western and Eastern Europe, North America, South America, the Middle East, Africa. The report encompasses significant countries such as the USA, UK, China, India, and Germany.

Key Attributes:

Report Attribute Details
No. of Pages 250
Forecast Period 2026 - 2030
Estimated Market Value (USD) in 2026 $3.63 Billion
Forecasted Market Value (USD) by 2030 $4.57 Billion
Compound Annual Growth Rate 5.9%
Regions Covered Global


Companies Featured

  • Munich Reinsurance Company
  • Chubb Limited
  • Farmers Insurance Group
  • QBE Insurance Group Limited
  • Country Mutual Insurance Company
  • Hiscox Ltd.
  • Weisser Insurance Agency Inc.
  • Avantia Insurance Ltd
  • International Risk Management Institute Inc.
  • Pierson and Scott Insurance Agency Inc.
  • Illinois Mine Subsidence Insurance Fund (IMSIF)
  • GSI Insurance Services (Southern) Ltd.
  • Yingling Insurance Agency Inc.
  • Pennsylvania Department of Environmental Protection
  • Colorado Division of Reclamation Mining and Safety
  • Wyoming Department of Environmental Quality
  • West Virginia Board of Risk and Insurance Management
  • Kentucky Department of Insurance

For more information about this report visit

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Attachment

  • Mine Subsidence Insurance Market
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