Global Property Insurance Market 2016-2020

  • ID: 3721905
  • Report
  • Region: Global
  • 55 pages
  • TechNavio
1 of 5

FEATURED COMPANIES

  • Allstate Insurance
  • AXA
  • Liberty Mutual Insurance
  • Lloyd’s.
  • Munich Re
  • Wells Fargo
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Property Insurance

A property insurance policy covers any loss or damage to personal or commercial property. It also insures against loss or damage to the contents that are kept on the property and are under the control of the customers. However, if the property is given on rent or lease, the owner is expected to take appropriate insurance by the terms of the lease or contract. The more kind of loss the policy covers, the higher the premium.

The analysts forecast the global property insurance market to grow at a CAGR of 5.6% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global property insurance market for 2016-2020. To calculate the market size, the report considers two types of property insurance premium: personal and commercial.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Property Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Allstate Insurance
- American International Group (AIG)
- Berkshire Hathaway Homestate
- Liberty Mutual

Other prominent vendors
- State Farm Fire & Casualty Co.
- Nationwide Mutual Insurance Co.
- Farmers Insurance Group of Companies
- Chubb’s Federal Insurance Co.
- CAN Financial Corp.’s Continental Casualty Company
- Wells Fargo
- Munich Re
- Zurich Insurance Group
- AXA
- Lloyd’s

Market drivers
- Risk management tools
- For a full, detailed list, view the full report

Market challenges
- Effect of pricing and rating system
- For a full, detailed list, view the full report

Market trends
- Data analytics and predictive modeling strategy
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Allstate Insurance
  • AXA
  • Liberty Mutual Insurance
  • Lloyd’s.
  • Munich Re
  • Wells Fargo
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
PART 06: Market segmentation by property
  • Market overview
  • Personal property insurance
  • Commercial property insurance
PART 07: Geographical segmentation
  • Geographical segmentation
  • EMEA
  • Americas
  • APAC
PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive landscape
  • Major company overview
  • Other prominent vendors
  • Recent developments
  • Key takeaways
PART 14: Appendix
  • List of abbreviations
PART 15: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Forms of property insurance
Exhibit 03: Global property insurance market 2015-2020 ($ billions)
Exhibit 04: Global property insurance market: Property segmentation
Exhibit 05: Market share of global property insurance by commercial and personal property insurance gross premium in 2015
Exhibit 06: Global personal property insurance market 2015-2020 ($ billions)
Exhibit 07: Global commercial property insurance market 2015-2020 ($ billions)
Exhibit 08: Geographical segmentation
Exhibit 09: Property insurance market in EMEA 2015-2020 ($ billions)
Exhibit 10: Property insurance market in Americas 2015-2020 ($ billions)
Exhibit 11: Property insurance market in APAC 2015-2020 ($ billions)
Exhibit 12: Impact of drivers
Exhibit 13: Impact of drivers and challenges
Exhibit 14: Significant use of analytics (actuarial and underwriting)
Exhibit 15: Significant use of analytics (claims processing)
Exhibit 16: Significant use of analytics (fraud)
Exhibit 17: Factors driving customer satisfaction
Exhibit 18: Customer connectivity
Exhibit 19: Innovations in customer services
Exhibit 20: Social media benefits for insurance firms
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Allstate Insurance
  • AXA
  • Liberty Mutual Insurance
  • Lloyd’s.
  • Munich Re
  • Wells Fargo
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Property Insurance Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Property Insurance Market: American International Group, Allstate Insurance, Berkshire Hathaway Homestate, and Liberty Mutual Insurance.

Other Prominent Vendors in the market are: State Farm Fire & Casualty Co., Nationwide Mutual Insurance Co., Farmers Insurance Group of Companies, Chubb’s Federal Insurance Co., CNA Financial Corp.’s Continental Casualty Company, Wells Fargo, Munich Re, Zurich Insurance Group, AXA, and Lloyd’s.

Commenting on the report, an analyst from the research team said: “An upcoming trend in the insurance industry is the use of data analytics and predictive modeling strategies. Many top analytics companies are tying-ups with property insurance firms to improve the underwriting profits and also to lower the loss ratio. Customers are demanding innovative solutions and telematics in the commercial property policy and commercial package offered. This will also help customers to get useful insights about the portfolio metrics and risks associated and thereby identifying the pricing inadequacy and the profitability.”

According to the report, a key driver of market growth is the use of risk management tools. The property insurance vendors are looking for strong investment returns that they can reinvest to get higher yields. This brings in profitability to the system. Therefore, it is important that the vendors meet the customers' demand while challenging the increased risk and uncertainty. For instance, PACE is an advanced software application tool that integrates the management of the property risk survey reports and evaluates it. Its advanced security features include a hierarchy permission-based system that gives full access to customers' data. Such features ensure transparency in the risk management solutions.

Further, the report states that one challenge that would impact market growth is the effect of pricing and rating systems used by the insurance industry.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

- American International Group
- Allstate Insurance
- Berkshire Hathaway Homestate
- Liberty Mutual Insurance
- State Farm Fire & Casualty Co.
- Nationwide Mutual Insurance Co.
- Farmers Insurance Group of Companies
- Chubb’s Federal Insurance Co.
- CNA Financial Corp.’s Continental Casualty Company
- Wells Fargo
- Munich Re
- Zurich Insurance Group
- AXA
- Lloyd’s.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll