Property, Casualty and Direct Insurance in the US - Industry Market Research Report

Property, Casualty and Direct Insurance in the US - Industry Market Research Report

  • June 2017
  • 41 pages
  • Ibisworld
Report ID: 199041
Saving up: Rising premiums and higher interest rates will improve industry revenue prospects

Abstract
Property, Casualty and Direct Insurance in the US

Revenue for the Property, Casualty and Direct Insurance industry benefited from a hardening price cycle that coincided with the beginning of the period. Numerous catastrophic losses led to poor profit margins, pushing the industry into a hard-pricing cycle to try to improve margins and rebuild balance sheets. Not only did profit margins expand over the five years to 2017 as a result of the hardening price cycle, but also because of bull markets in multiple asset classes in which industry operators invest. Industry revenue is forecast to increase at over the five years to 2022. Technological changes, including systems upgrades and the increased use of cloud computing, will enable industry operators to decrease operational expenses and more effectively manage risk.

Operators in this industry are primarily engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Industry participants also protect real estate owners or creditors against losses sustained as a result of any title defect to real property.

This industry does not include insurance coverage for life, disability, accidental death, dismemberment or health risks.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Berkshire Hathaway Inc.
- Liberty Mutual Insurance Group
- The Travelers Companies Inc.
- Allstate Insurance Company
- State Farm Mutual Automobile Insurance Company

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.

Country=UnitedStates Industry=Insurance ParentIndustry=FinancialServices Date=201706 Topic=MarketReport Publisher=Ibisworld Price=1000