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Property, Casualty and Direct Insurance in the US
IBISWorld, Aug 2011, Pages: 48
Growing experience: Revenue will increase moderately due to higher premiums
Property, Casualty and Direct Insurance in the US
Moving forward
After experiencing financial and natural catastrophes during the past five years, the industry remains relatively strong. While revenue declined steadily during the recession, investment conditions and profitability are both expected to increase during the next five years, benefiting operators. Underwriting gains will be a key aspect of the industry's success over the period, and more companies will use the internet to boost profitability.
Operators within this industry are primarily engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that may occur as a result of property damage, liability or other risks. Industry participants also protect real estate owners or creditors against losses sustained by reason 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.
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