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Automobile Insurance in the US - Industry Market Research Report

  • ID: 2068183
  • Report
  • June 2020
  • Region: United States
  • 37 pages
  • IBISWorld
Hit the road: improvements in the macroeconomic landscape will boost industry revenue growth

FEATURED COMPANIES

  • Berkshire Hathaway Inc.
  • Progressive Corp.
  • State Farm
  • The Allstate Corporation
  • MORE

Automobile Insurance

An intensified focus on financial positions and net premium growth for liability insurance products have aided the Automobile Insurance industry in 2018. The beginning of the period presented the industry with the start of a price-hardening cycle, during which auto insurance prices increased in order to rebuild profit margins and excess capital reserves. The industry is likely to rotate into a softening price cycle over the five years to 2023 after experiencing a hardening price cycle during the majority of the prior period. This will lead to slower premium growth as operators lower premium prices to compete with one another to gain market share. However, continued improvements in the macroeconomic landscape are anticipated to benefit investment conditions for auto insurers.

This industry underwrites or assumes the risk and assigns premiums for auto insurance policies. Car insurance provides financial protection against physical damage to automobiles and bodily injuries resulting from traffic incidents. Automobile insurance can also protect against resulting liability.

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Berkshire Hathaway Inc.
  • Progressive Corp.
  • State Farm
  • The Allstate Corporation
  • MORE
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
Note: Product cover images may vary from those shown
  • State Farm
  • The Allstate Corporation
  • Progressive Corp.
  • Berkshire Hathaway Inc.
Note: Product cover images may vary from those shown

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