Mine Subsidence Insurance Market Report 2025

The mine subsidence insurance market size has grown strongly in recent years. It will grow from $3.21 billion in 2024 to $3.42 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth during the historic period can be attributed to increasing property damage caused by legacy mining, rising public demand for financial protection, greater government intervention and support, expanding urban development over old mining areas, and a rise in insurance claims linked to ground instability.

The mine subsidence insurance market size is expected to see strong growth in the next few years. It will grow to $4.32 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The growth in the forecast period is expected to be driven by a higher frequency of land subsidence incidents, increased awareness of property risks, expansion of mining activities, growing real estate development in vulnerable zones, and stronger regulatory efforts pushing for mandatory coverage. Key trends include advancements in risk assessment technology, development of parametric insurance models, innovations in AI-driven claims processing, improvements in subsurface mapping techniques, and the creation of region-specific coverage policies.

The growth of mining activities is expected to drive the expansion of the mine subsidence insurance market. Mining includes all methods of extracting valuable minerals or geological materials from the earth, both through surface and underground operations. This rise in mining is driven by increased demand for raw materials as industries grow in sectors such as infrastructure, renewable energy, and technology manufacturing. Mine subsidence insurance provides financial protection against land collapse, safeguarding properties located near mining areas. By reducing risks of structural damage, it fosters confidence for ongoing mining operations while reassuring communities and investors. For example, in January 2024, BDO LLP, a UK professional services firm, reported a 2% year-over-year increase in the number of mining companies involved in exploration in 2023. Thus, the expanding mining activities are fueling the growth of the mine subsidence insurance market.

The increasing property values are expected to drive growth in the mine subsidence insurance market. Property values represent the estimated financial worth of real estate, influenced by factors such as location, condition, market demand, and comparable sales. This rise is mainly fueled by growing urbanization, as more people relocate to cities, boosting the demand for housing and infrastructure. Mine subsidence insurance supports higher property values by offering protection against risks of land collapse, thereby securing properties in mining-affected areas. This coverage enhances buyer confidence and improves long-term investment prospects by minimizing the financial consequences of structural damage. For example, in May 2025, the United States Census Bureau reported that new home sales reached 743,000, up from 634,000 in 2024. Hence, rising property values are contributing to the growth of the mine subsidence insurance market.

The increasing demand for infrastructure development is expected to drive growth in the mine subsidence insurance market. Infrastructure development involves the planning, construction, and maintenance of vital physical systems such as transportation, energy, water, and communication networks. This surge in infrastructure activities is fueled by economic expansion and urbanization, which elevate the need for enhanced transport, energy, and public utility services. Mine subsidence insurance supports these developments by safeguarding properties and construction projects located in areas impacted by both historical and ongoing mining activities. By reducing financial risks associated with ground movement, it promotes safer investments and supports sustained urban growth in regions prone to subsidence. For example, in July 2024, the UK’s Office for National Statistics reported that total government investment in infrastructure reached $17.25 billion (£13.8 billion) in 2023, a 3.9% increase from 2022. Therefore, the rising demand for infrastructure development is contributing to the expansion of the mine subsidence insurance market.

Major players in the mine subsidence insurance market are 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.

North America was the largest region in the mine subsidence insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in mine subsidence insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mine subsidence insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Mine subsidence insurance is a specialized type of property insurance that offers financial protection against damage caused by ground movement resulting from the collapse of underground abandoned mines. This insurance covers the repair or replacement costs for structures and property damaged due to mine subsidence, which is generally excluded from standard homeowners’ insurance policies.

The primary policy types for mine subsidence insurance include comprehensive coverage, basic coverage, named perils coverage, and excess liability coverage. Comprehensive coverage offers protection against a broad range of damages to structures and related living expenses caused by underground mine collapses. Covered property types include single-family homes, multi-family units, commercial buildings, and vacant lots. Coverage durations vary and include short-term, long-term, annual renewable, and multi-year policies. Mine subsidence insurance is distributed through multiple channels such as direct sales, insurance brokers, online platforms, agents, and financial advisors, serving residential, commercial, and industrial customers.

The mine subsidence insurance market research report is one of a series of new reports that provides mine subsidence insurance market statistics, including the mine subsidence insurance industry global market size, regional shares, competitors with the mine subsidence insurance market share, detailed mine subsidence insurance market segments, market trends, and opportunities, and any further data you may need to thrive in the mine subsidence insurance industry. This mine subsidence insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mine subsidence insurance market includes revenues earned by entities through underwriting and providing insurance policies, assessing subsidence risk, processing claims, and offering financial compensation for structural damages caused by land movement due to underground mining activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.