Equestrian Event Insurance Market Report 2025

The equestrian event insurance market size has grown strongly in recent years. It will grow from $0.81 billion in 2024 to $0.89 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. The growth during the historic period was driven by higher investment in equestrian facilities and infrastructure, increased sponsorship and media attention for events, a rise in international equestrian tourism, greater adoption of specialized insurance products, and the growing economic value of competitive horses.

The equestrian event insurance market size is expected to see strong growth in the next few years. It will grow to $1.26 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth projected for the forecast period is driven by the expansion of online platforms, rising demand for tailored coverage solutions, improvements in regulatory and legal frameworks, an increase in specialized policies for high-value horses, and growing collaborations between insurers and equine organizations. Key trends during this period include the advancement of digital insurance platforms for event coverage, creation of customized policies for specific equestrian disciplines, innovations in risk assessment and claims processing technologies, development of wearable safety devices for riders and horses, and the introduction of global coverage options for international competitions.

The increasing popularity of equestrian sports is expected to drive growth in the equestrian event insurance market. Equestrian sports, which include competitive or recreational activities involving riding, driving, or performing skills on horseback, are attracting more participants as people seek outdoor and wellness activities that promote physical fitness, mental relaxation, and a connection with nature. Equestrian event insurance provides financial protection for organizers and participants against accidents, injuries, or event cancellations, ensuring smooth and secure operations. For example, according to British Equestrian, between 2023 and 2024, federation memberships across 19 member bodies grew by 11.7%, while the combined social media following of British Equestrian and its member accounts increased by 13%, reflecting rising engagement in equestrian sports.

Companies in the market are developing solutions that streamline policy issuance, improve claims processing, and integrate coverage efficiently for organizers and participants. Automated platforms enable faster and more accurate creation of policies and processing of claims, enhancing customer experience. In August 2023, Brokkrr Insurance Services, a US-based digital insurer, launched JockeyLine Insurance, a platform specifically for the horse racing industry. It provides automated coverage for accidental death, disability, and medical expenses for jockeys across North America. The platform allows brokers to quickly quote, bind, and issue policies online, while jockeys can file accident claims digitally, speeding up processing and reducing paperwork. This represents the first fully online jockey accident insurance system in the region.

In July 2024, Specialist Risk Group Limited, a UK-based provider of specialist insurance, acquired Carriagehouse Insurance Limited for an undisclosed amount. This acquisition aims to strengthen and diversify Specialist Risk Group’s equestrian insurance portfolio, KBIS, allowing the company to serve a broader client base in the specialist equestrian sector and reinforce its commitment to investing in niche insurance markets in the UK and internationally. Carriagehouse Insurance Ltd. provides a wide range of specialist equestrian insurance products for horse owners and equestrian businesses.

Major players in the equestrian event insurance market are Chubb Limited, Markel Corporation, Hiscox Ltd., Kinsale Insurance Company Inc., Canopius Group Limited, Leavitt Group Inc., SEIB Insurance Brokers Ltd., Cliverton Limited, Henry Equestrian Insurance Services Limited, Event Insurance Services Inc., Horse Insurance Specialists LLC, Sea Mountain Insurance Agency Inc., Harry Hall International Limited, KBIS British Equestrian Insurance Services Limited, Taylor Harris Insurance Services Limited, Park Insurance Services Inc., Kay Cassell Equine Insurance Services Ltd., Equidade Insurance Inc., Cheval Insurance Services Inc., Equisure Inc., Equine Insurance Center Inc., and National Equine Adjusting Inc.

North America was the largest region in the equestrian event insurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in equestrian event insurance report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the equestrian event 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 sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the recreation sector, particularly in the supply of imported sports equipment, outdoor gear, and leisure products. Manufacturers and retailers are facing higher costs for items such as bicycles, camping gear, fitness machines, and gaming consoles, much of which are sourced from overseas with limited domestic alternatives. Small businesses operating in the recreational retail space are especially affected, with some reducing inventory or increasing prices to offset margin pressure. Event organizers and recreational facilities are also facing cost hikes for imported equipment and infrastructure materials. In response, the industry is exploring alternative sourcing from tariff-free regions, increasing reliance on local suppliers, and urging policymakers to consider exemptions for non-essential but widely used recreational products.

Equestrian event insurance is designed to safeguard event organizers, participants, and other stakeholders against financial losses resulting from accidents, injuries, property damage, or event cancellations during horse-related activities. It provides protection against liabilities and unexpected disruptions, allowing equestrian events to take place with financial security.

Key coverage types in equestrian event insurance include liability protection, property damage coverage, personal accident insurance, and business interruption insurance. Liability coverage specifically protects against claims from third-party injuries or property damage linked to equine activities. This insurance serves a range of clients, including event organizers, stable owners, riders, participants, and sponsors, and applies to events such as horse shows, competitions, tournaments, training clinics, rodeos, and fundraising events. Providers include traditional insurers, specialized equestrian insurance companies, brokerage firms, and mutual insurance providers, offering coverage in the form of single-event policies, annual plans, or seasonal insurance.

The equestrian event insurance market research report is one of a series of new reports that provides equestrian event insurance market statistics, including equestrian event insurance industry global market size, regional shares, competitors with an equestrian event insurance market share, detailed equestrian event insurance market segments, market trends and opportunities, and any further data you may need to thrive in the equestrian event insurance industry. This equestrian event 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 equestrian event insurance market includes revenues earned by entities by providing services such as policy underwriting, claims management, policy customization, premium calculation, online policy issuance, and legal and financial advisory. 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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