Equestrian Event Insurance Market Report 2026

The equestrian event insurance market size has grown strongly in recent years. It will grow from $0.89 billion in 2025 to $0.97 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to growth of organized equestrian events, increasing awareness of liability risks, expansion of competitive horse sports, rising insurance penetration among event organizers, development of specialty insurance providers.

The equestrian event insurance market size is expected to see strong growth in the next few years. It will grow to $1.37 billion in 2030 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to increasing demand for on-demand insurance solutions, rising adoption of digital insurance distribution channels, expansion of global equestrian competitions, growing focus on climate-related event risk coverage, increased use of analytics for premium pricing. Major trends in the forecast period include increasing adoption of customized event-specific insurance policies, rising use of digital risk assessment platforms, expansion of flexible and short-term coverage models, growing integration of data-driven underwriting tools, enhanced focus on liability and cancellation coverage.

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 companies operating 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., National Equine Adjusting Inc.

North America was the largest region in the equestrian event insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the equestrian event insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the equestrian event insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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