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US Insurance Industry 2011 Product Image

US Insurance Industry 2011

  • ID: 1946420
  • June 2011
  • Region: United States
  • 26 Pages
  • RocSearch Ltd

This report provides readers with a comprehensive overview of the US Property and Casualty (P/C) Insurance industry, its importance in the overall insurance industry in the US, historical growth, and future outlook. Readers will gain an understanding of the various trends, drivers and challenges faced by the P/C industry, its value chain as well as the various stakeholders involved in this business.

The US insurance industry comprises establishments which provide financial protection to their customers against unforeseen events. The industry is classified according to the nature of assets that are protected under the insurance agreement, and comprises three broad segments: Life/Health (L/H), Property/Casualty (P/C) and Health insurance. The industry is highly competitive, characterized by the presence of large local players offering multiple insurance products. A positive economic outlook for US employment and the automobile and the real estate sectors is expected to drive an increase in demand for insurance.

Executive Summary

1. Industry Definition
1.1. Life / Health Insurance (Life Insurance)
1.2. Property / Casualty Insurance (Non-Life Insurance)
1.3. Health insurance

2. Industry Value Chain

3. US Property and Casualty (P/C) Insurance Market Overview
2.1. Automobile Insurance
2.2. Homeowners Insurance
2.3. Liability Insurance
2.4. Others

4. Industry Trends
4.1. High Level of Claims Resulting in High Combined Ratio
4.2. Increasing Popularity of Online Purchasing
4.3. Growing Consolidation in the Market

5. Growth Drivers
5.1. Expectations of Revival in Automobile Sales
5.2. Use of Digitalization to Improve Offerings

6. Issues and Challenges
6.1. Rising Unemployment
6.2. Declining Rate of New Home Constructions
6.3. Multiple State-level Regulations
6.4. Regulations on Use of Social Media Marketing

7. Competitive Landscape
7.1. Automobile Insurance Market
7.1.1. Private Automobile Insurance
7.1.2. Commercial Automobile Insurance
7.2. Homeowners Insurance Market

8. Sales Trends of Key Products
9.1. Personal Lines of Insurance
9.1.1. Private Automobile Insurance
9.1.2. Homeowners Insurance
9.2. Commercial Lines of Insurance

9. New Products/Technologies
10.1. Introduction of Telematics - Pay How You Drive
10.2. Predictive Modeling Tools
10.3. Social Networking
10.4. Mobile and Web Tools

10. Market Outlook
12.1. Automobile Insurance
12.2. Homeowners Insurance
12.3. Liability Insurance
12.4. Others

List of Figures

Figure 1: Value Chain of Insurance Industry
Figure 2: P/C Net Written Premium Trends
Figure 3: US Motor Insurance Net Written Premium (US$ billion) and Growth (%)
Figure 4: Utilization of Automobile Premium Incomes, 2008
Figure 5: Average Premium for Home Insurance Policies (US$)
Figure 6: P/C Insurance Combined Ratio (Auto, Homeowners and All Lines)
Figure 7: M&A Activity in the US P/C Insurance Market
Figure 8: Auto/Light Truck Sales (millions of units)
Figure 9: New Services and their Impact
Figure 10: Unemployment’s Effect on Percentage of Uninsured Motorists
Figure 11: New Housing Starts (million units)
Figure 12: Top Ten US Property/Casualty Companies by Revenues, 2009 (US$ million)
Figure 13: Market Share of P/C Insurance Companies by Direct Premiums Written (US$ million), 2009
Figure 14: Top Ten US Private Passenger Auto Insurance Companies by Direct Premiums Written, 2009 (US$ million)
Figure 15: Top Ten US Commercial Auto Insurance Companies by Direct Premiums Written, 2009 (US$ million)
Figure 16: Top Ten US Homeowner Insurance Companies by Direct Premiums Written, 2009 (US$ million)
Figure 17: Top Ten Writers of Commercial Lines of Insurance by Direct Premiums Written, 2009 (US$ million)
Figure 18: Net Written Premium for Worker’s Compensation (US$ billion) and Growth (%)
Figure 19: P/C Net Written Premium Forecast (US$ billions)
Figure 20: Automobile Insurance – Net Written Premium Forecast (US$ billions)

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