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

  • ID: 239636
  • Report
  • March 2020
  • Region: United States
  • 41 pages
  • IBISWorld
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Safe and sound: Rising premiums and higher interest rates will improve industry revenue prospects

FEATURED COMPANIES

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

Property, Casualty and Direct Insurance in the US

Industry operators in the Property, Casualty and Direct Insurance industry support US consumers and businesses by providing protection against damage caused by a variety of events, such as car accidents, catastrophe and medical malpractice. General insurers derive income from insurance premiums and by investing in bonds, stocks and other assets. Most property and casualty premiums are obtained through the renewal of policies that relate to existing risks. Changes in risk exposure and pricing conditions affect remaining premiums. Industry revenue has benefited from a hardening price cycle within the industry over the five years to 2019. Numerous catastrophic events that occurred just prior to the period led to poor profit margins, pushing the industry into a hard-pricing cycle to try to improve margins and rebuild balance sheets during the five-year period. Industry revenue is forecast to increase over the five years to 2024. Technological changes, including system 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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Berkshire Hathaway Inc.
  • 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
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  • The Allstate Corporation
  • Liberty Mutual Insurance Group Inc.
  • State Farm
  • Berkshire Hathaway Inc.
Note: Product cover images may vary from those shown
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