High Value Items Insurance Market Report 2025

The high value items insurance market size has grown strongly in recent years. It will grow from $6.57 billion in 2024 to $7.03 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. Growth during the historic period was driven by rising global wealth and an expanding affluent population, increasing ownership of luxury goods, growing investments in collectibles and rare items, expansion of the global luxury real estate market, and a surge in high-net-worth individuals.

The high value items insurance market size is expected to see strong growth in the next few years. It will grow to $9.12 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. Growth in the forecast period is expected to be driven by rapid urbanization and affluent lifestyles, inflation increasing the value of assets, rising disposable incomes, expansion of luxury retail and e-commerce, and higher incidents of theft and burglary. Key trends anticipated during this period include the adoption of digital appraisal and verification tools, use of AI and ML in underwriting and risk assessment, development of blockchain for asset tracking and insurance, implementation of IoT-enabled security systems for real-time monitoring, and the rise of embedded insurance at the point of sale.

The rising incidences of theft and burglary are expected to drive the growth of the high-value items insurance market in the coming years. Theft involves illegally taking another person’s property, while burglary refers to breaking into a building or space to commit a crime, usually theft. The increase in these crimes is linked to economic hardships, which can push individuals toward property crimes for financial survival. High-value items insurance provides protection by reimbursing the cost to repair or replace valuable belongings stolen or damaged during such events, helping owners avoid significant financial losses. For example, in April 2025, the UK Office for National Statistics reported 81,135 robbery incidents in the year ending December 2024, with robberies involving business properties rising 54% to 14,707 cases, highlighting the need for protective insurance solutions.

Companies in the high-value items insurance market are increasingly integrating digital innovations, such as embedded insurance, to enhance customer protection and streamline coverage. Embedded insurance allows consumers to access and purchase insurance directly at the point of transaction, without visiting a separate platform, ensuring seamless coverage aligned with the purchase moment. For instance, in May 2024, Arta Shipping Inc., a US-based e-commerce technology company, launched Valuables Insurance in partnership with Chubb Limited, a Switzerland-based global insurer. The product is embedded into checkout flows for collectibles, art, jewelry, and luxury goods, providing instant coverage options and enabling effortless policy issuance, updates, and management.

In April 2025, Jewelers Mutual Group, a US-based provider of insurance and business solutions, acquired Jewellers Loop for an undisclosed sum. This acquisition allowed Jewelers Mutual to expand its presence in international markets and leverage its expertise to serve a global customer base. It also strengthened product offerings by combining technology, deep customer insights, and tailored insurance solutions for valuable jewelry. Jewellers Loop, based in Australia, specializes in high-value items insurance, particularly for jewelry.

Major players in the high value items insurance market are Chubb Group of Insurance Companies, Arthur J Gallagher, Hiscox Ltd., HighStreet Insurance Group LLC, NFP Corp., Marsh Private Client Services, Oswald Companies, AXA Art Insurance, Beazley Group Ltd., Lloyd & Whyte Ltd., Clements Worldwide, Atlass Insurance Group Inc., Jewelers Mutual Insurance Company SI, Nowell & Richards Insurance Services Ltd., Hepburns Insurance Group, Chelsea Insurance Brokers Ltd., RS Risk Solutions Ltd., GemShield LLC, PINC Insurance Corp., Cox Mahon Ltd.

North America was the largest region in the high value items insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in high value items insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the high value items 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.

High value items insurance is a type of coverage that provides financial protection for personal possessions with significant monetary value, which may not be fully covered under standard insurance policies. It is designed to protect against risks such as loss, theft, or damage, offering specialized terms that reflect the true value of the insured items.

The primary coverage types for high value items insurance include jewelry, fine art, collectibles, luxury watches, and others. Jewelry covers valuable personal items such as rings, necklaces, earrings, and bracelets made from precious metals and gemstones. These insurance products are distributed through direct sales, brokers or agents, online platforms, and other channels, serving end-users such as individuals and businesses.

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

The high value items insurance market includes revenues earned by entities by item appraisal assistance. agreed value settlements, risk management consultation, and claims assistance. 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.

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