Non-Life Insurance Market Dynamics, Size, and Growth Trend 2020-2031

 Non-life insurance, sometimes referred to as general insurance, property insurance, and casualty insurance, including auto and homeowners policies, makes payments in response to the loss caused by a specific financial event. Any insurance that isn't considered to be life insurance is referred to as non-life insurance. In Continental Europe, it is referred to as non-life insurance and is known as property and casualty insurance in the United States and Canada. There are various non-life insurance benefits that offer liability-based coverage for damages. Non-life insurance can cover the majority of hospital expenses in the event of an injury; if a person loses luggage, travel documents, or is involved in an accident while travelling abroad, an adequate travel insurance policy can help; and a home insurance policy can provide financial protection against unwelcome events like a burglary, fire, or natural disaster to the extent of the sum insured.