Global Property and Casualty Insurance Market 2016-2020

  • ID: 3736368
  • Report
  • Region: Global
  • 107 pages
  • TechNavio
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FEATURED COMPANIES

  • Allstate Insurance
  • Berkshire Hathaway
  • Continental Casualty
  • Lloyd’s
  • Nationwide Mutual
  • Travelers
  • MORE
About the Property and Casualty Insurance Market

Property and casualty insurance policies protect against property losses in business, home, or car, or against legal liabilities that may arise from injury or damage caused to the property of others. These policies protect a person or a business with an interest in the insured physical property against losses.

The analysts forecast the Global Property and Casualty Insurance Market to grow at a CAGR of 5.77% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the Global Property and Casualty Insurance Market for 2016-2020. To calculate market size, the report considers the net premiums earned from the property and casualty market in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

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

The report, Global Property and Casualty 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
- Berkshire Hathaway
- Liberty Mutual
- State Farm
- Travelers

Other prominent vendors
- American International Group
- AXA
- Chubb’s Federal Insurance
- Continental Casualty
- Farmers Insurance Group of Companies
- Lloyd’s
- Munich Re
- Nationwide Mutual
- State Farm Fire & Casualty
- Wells Fargo
- Zurich Insurance Group

Market drivers
- Change in customer demographics and economic recovery
- For a full, detailed list, view the full report

Market challenges
- Number of risk variables in the underwriting process
- For a full, detailed list, view the full report

Market trends
- Big data analytics
- 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.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Allstate Insurance
  • Berkshire Hathaway
  • Continental Casualty
  • Lloyd’s
  • Nationwide Mutual
  • Travelers
  • MORE
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
  • Definition of property and casualty insurance
  • Types of property and casualty insurers
  • Property and casualty insurance transaction
PART 05: Market landscape
  • Market overview
  • Property and casualty insurance lines of business
  • Market size and forecast
  • Five forces analysis
PART 06: Market outlook of property and casualty insurance

PART 07: Geographical segmentation
  • Geographical segmentation 2015
  • Geographical segmentation 2020
  • Americas
  • EMEA
  • APAC
PART 08: Market drivers
  • Change in customer demographics and economic recovery
  • Consolidation in the industry
  • Increase in automobile sales
  • Different valuation strategies
PART 09: Impact of drivers

PART 10: Market challenges
  • Fraudulent motor vehicle claims
  • Number of risk variables in underwriting process
  • Impact on the pricing and rating system
  • Challenges faced by insurance brokerage firms
  • Lack of awareness and change in the regulatory environment in travel insurance
PART 11: Impact of drivers and challenges

PART 12: Market trends
  • Increase in the customer connectivity
  • Customer connectivity
  • Big data analytics
  • Innovations in property and casualty insurance
  • Improvement in capital management leading to greater performance of different investments
  • Leveraging social media channels for better market penetration
PART 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 14: Key vendor analysis
  • Allstate Insurance
  • Berkshire Hathaway
  • Liberty Mutual
  • State Farm
  • Travelers
PART 15: Appendix
  • List of abbreviations
PART 16: About the Author

List of Exhibits
Exhibit 01: Calculations of net premiums earned
Exhibit 02: Countries covered for market analysis
Exhibit 03: Product offerings
Exhibit 04: Types of property and casualty insurers
Exhibit 05: Life cycle of a property and casualty insurance
Exhibit 06: Types of insurance
Exhibit 07: Property and casualty insurance lines of business
Exhibit 08: Global property and casualty insurance market 2015-2020 ($ trillion)
Exhibit 09: Property and casualty insurance lines of business 2015
Exhibit 10: Reasons for upgrading capital management
Exhibit 11: Five forces analysis
Exhibit 12: Activities in insurance distribution process
Exhibit 13: Insurers strategies to make workers' compensation more connected
Exhibit 14: Costliest global earthquakes for global economy
Exhibit 15: Global catastrophe insured losses 2006-2010 ($ billions)
Exhibit 16: Global catastrophe insured losses 2006-2010 ($ billions)
Exhibit 17: Global catastrophe insured losses data 2011-2015 ($ billions)
Exhibit 18: Global catastrophe insured losses 2011-2015 graph ($ billions)
Exhibit 19: Geographical segmentation 2015
Exhibit 20: Geographical segmentation 2020
Exhibit 21: Property and casualty insurance market in the Americas 2015-2020($ billions)
Exhibit 22: Property and casualty insurance market in EMEA 2015-2020 ($ billions)
Exhibit 23: Property and casualty insurance market in APAC 2015-2020 ($ billions)
Exhibit 24: Global high net worth individuals 2015
Exhibit 25: Impact of drivers
Exhibit 26: Challenges in the vehicle safety equipment 2015
Exhibit 27: Challenges faced by insurance brokerage firms
Exhibit 28: Impact of drivers and challenges
Exhibit 29: Factors that drive customer satisfaction
Exhibit 30: Innovations in customer services
Exhibit 31: P&C insurance segment with significant use of analytics (actuarial and underwriting)
Exhibit 32: P&C insurance segment with significant use of analytics (claims processing)
Exhibit 33: P&C insurance segment with significant use of analytics (fraud)
Exhibit 34: Innovations in property and casualty insurance
Exhibit 35: Social media benefits to insurance firms
Exhibit 36: FCA proposals
Exhibit 37: CMA investigation for the private motor insurance
Exhibit 38: Conditions for paying for damages or loss in property insurance
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FEATURED COMPANIES

  • Allstate Insurance
  • Berkshire Hathaway
  • Continental Casualty
  • Lloyd’s
  • Nationwide Mutual
  • Travelers
  • MORE
New Report Released: – Global Property and Casualty Insurance Market 2016-2020

The author of the report recognizes the following companies as the key players in the Global Property and Casualty Insurance Market: Allstate Insurance, Berkshire Hathaway, Liberty Mutual, State Farm, and Travelers.

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

Commenting on the report, an analyst from the research team said: “An emerging trend in the insurance market is the use of big data analytics. Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many property and casualty insurers are shifting their focus from stand-alone technology projects to an environment where there is continuous technological improvement. Top vendors are executing M&A and joint ventures to reduce costs and ensure smooth integration between data mining and organizational resources. It is therefore important that property and casualty insurance vendors formulate strategies to attract customers. This can be possible only through multiple distribution and communication channels. Many top property and casualty insurance vendors are making use of cost-effective solutions in infrastructure, communications, and analytics.”

According to the report, a key growth driver in the market is the change in customer demographics and economic recovery. The shift in demography has pushed many insurance firms to make use of actuarial and sales model for better pricing. The rise in population of baby-boomers and the emerging generation Y are sparking growth opportunities for different insurance products. It is estimated that a slowdown in the population of insurance buyers may cast a dampening effect on the growth of the insured value for personal line insurance. Growing populations, the expansion of industrialization, the surge in global commercial and entrepreneurial operations, growth in consumer awareness regarding insurance products, and rising disposable incomes across different regions of the globe are forcing the pace of change in the insurance industry. Therefore, brokers that act as intermediaries between the insurer and the insured and insurance companies provide both insurance security support to customers, in addition to various other personalized services.

Further, the report states that one challenge that could hamper market growth is the number of risk variables in the underwriting process.

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.
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- Allstate Insurance
- Berkshire Hathaway
- Liberty Mutual
- State Farm
- Travelers
- American International Group
- AXA
- Chubb’s Federal Insurance
- Continental Casualty
- Farmers Insurance Group of Companies
- Lloyd’s
- Munich Re
- Nationwide Mutual
- State Farm Fire & Casualty
- Wells Fargo
- Zurich Insurance Group.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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