Non-Life Insurance in the United States

Non-Life Insurance in the United States

  • September 2018 •
  • 41 pages •
  • Report ID: 2881327
Non-Life Insurance in the United States

Summary
Non-Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The US non-life insurance market had total gross written premiums of $830.3bn in 2017, representing a compound annual growth rate (CAGR) of 3.6% between 2013 and 2017.
- The motor segment was the market’s most lucrative in 2017, with total gross written premiums of $321.3bn, equivalent to 38.7% of the market’s overall value.
- The growth of the US market has been spurred by demand for accident and health non-life insurance products, as well as for motor insurance. Furthermore, different dynamics in the lines of these products have also shaped the market. In particular, the growth of the market has been constrained by weak demand in the commercial line, although demand was strong in the personal line, with subsequent price increases.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United States
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States non-life insurance market with five year forecasts

Reasons to buy
- What was the size of the United States non-life insurance market by value in 2017?
- What will be the size of the United States non-life insurance market in 2022?
- What factors are affecting the strength of competition in the United States non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in the United States’s non-life insurance market?
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Country=UnitedStates Industry=Insurance ParentIndustry=Services Date=201809 Topic=MarketSize Publisher=MarketLine Price=1000