Global Catastrophe Insurance Market 2016-2020

  • ID: 3920512
  • Report
  • Region: Global
  • 83 pages
  • TechNavio
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FEATURED COMPANIES

  • Allianz
  • Allstate
  • Aviva
  • AXA
  • Berkshire Hathaway
  • Liberty Mutual
  • MORE
About Catastrophe Insurance

Catastrophe insurance helps in protecting residences and businesses against natural disasters like hurricanes, floods, earthquakes, and against man-made disasters such as terrorist attacks. Generally, catastrophe insurance has a low probability that involves high-cost events.

These high-cost events are excluded from the standard hazard insurance policies. It is difficult to estimate the total potential cost of an insured loss thereby making it difficult for the catastrophe insurance issuers to effectively manage risk. Retrocession and reinsurance are used with catastrophe insurance to manage catastrophe risk.

The analysts forecast the global catastrophe insurance market to grow at a CAGR of 5.49% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global catastrophe insurance market for 2016-2020. To calculate the market size, the report considers the global loss insured from the catastrophe insurance 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 Catastrophe 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
- American International Group
- Allianz
- AXA
- Berkshire Hathaway
- Lloyds

Other prominent vendors
- Allstate
- Aviva
- Liberty Mutual
- Zurich Insurance

Market drivers
- Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance

Market challenges
- Avoidance of overfitted models

Market trends
- Leveraging social media channels for better market penetration and for better customer connectivity

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?

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

  • Allianz
  • Allstate
  • Aviva
  • AXA
  • Berkshire Hathaway
  • Liberty Mutual
  • 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 catastrophe insurance
  • Difference between catastrophe and non-catastrophe exposure
  • Catastrophe insurance transaction
PART 05: Market landscape
  • Market overview
  • Global insured losses and forecast
Five forces analysis

PART 06: Geographical segmentation
  • Geographical segmentation
  • Americas
  • APAC
  • EMEA
PART 07: Market drivers
  • Catastrophe bond pricing and valuation strategies
  • Regulatory support for public-private cooperation on building resilient infrastructure and better risk governance
  • Climatic changes
PART 08: Impact of drivers

PART 09: Market challenges
  • Impact of catastrophic losses on the insurers' balance sheets and on pricing and rating system
  • Modeling of climatic hazards
  • Challenges faced by insurance brokerage firms
PART 10: Impact of drivers and challenges

PART 11: Market trends
  • Improvement in capital management leading to greater performance of different investments
  • Use of big data analytics to design catastrophe policies
  • Leveraging social media channels for better market penetration and for better customer connectivity
PART 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 13: Key vendor profiles
  • American International Group, Inc.
  • Allianz
  • AXA
  • Berkshire Hathaway
  • Lloyds
PART 14: Appendix
  • List of abbreviations
PART 15: About the Author

List of Exhibits

Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: Life cycle of a catastrophe insurance
Exhibit 04: Types of catastrophe that are insured
Exhibit 05: Peculiarities in the wildfire loss
Exhibit 06: Types of drought insurance
Exhibit 07: Global catastrophe insurance market 2015-2020 ($ billions)
Exhibit 08: Reasons for upgrading capital management
Exhibit 09: Costliest global earthquakes for global economy
Exhibit 10: Market share of losses for different catastrophes 2015
Exhibit 11: Catastrophe insured losses 2015 ($ billions)
Exhibit 12: Five forces analysis
Exhibit 13: Geographical segmentation 2015
Exhibit 14: Geographical segmentation 2020
Exhibit 15: Catastrophe insurance market in Americas 2015-2020 ($ billions)
Exhibit 16: Catastrophe insurance market in APAC 2015-2020 ($ billions)
Exhibit 17: Catastrophe insurance market in EMEA 2015-2020 ($ billion)
Exhibit 18: Strategies of PPP
Exhibit 19: Impact of drivers
Exhibit 20: Various components of structured catastrophe models
Exhibit 21: Challenges in weather-related CAT modeling
Exhibit 22: Challenges faced by insurance brokerage firms
Exhibit 23: Impact of drivers and challenges
Exhibit 24: Major components of a typical catastrophe model
Exhibit 25: Data-driven insights for better data management
Exhibit 26: Insurance segment with significant use of analytics (actuarial and underwriting)
Exhibit 27: Insurance segment with significant use of analytics (claims processing)
Exhibit 28: Insurance segment with significant use of analytics (fraud)
Exhibit 29: Forms of catastrophe frauds
Exhibit 30: Social media benefits to insurance firms
Exhibit 31: Factors that drive customer satisfaction
Exhibit 32: Customer connectivity
Exhibit 33: Innovations in customer services
Exhibit 34: Management of catastrophe exposure
Exhibit 35: Other prominent vendors
Exhibit 36: Product portfolio
Exhibit 37: Recent developments
Exhibit 38: Product portfolio
Exhibit 39: Recent developments
Exhibit 40: Product portfolio
Exhibit 41: Recent developments
Exhibit 42: Recent developments
Exhibit 43: Recent developments
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FEATURED COMPANIES

  • Allianz
  • Allstate
  • Aviva
  • AXA
  • Berkshire Hathaway
  • Liberty Mutual
  • MORE
New Report Released: - Global Catastrophe Insurance Market 2016-2020

The author of the report recognizes the following companies as the key players in the global catastrophe insurance market: American International Group, Allianz, AXA, Berkshire Hathaway, and Lloyds.

Other Prominent Vendors in the market are: Allstate, Aviva, Liberty Mutual, and Zurich Insurance.

Commenting on the report, an analyst from the research team said: “One of the key trends for market growth will be improvements in capital management leading to greater performance of different investments. Many insurance vendors are working to achieve market leading investment performance. Such efforts may help the vendors to develop and sustain a huge asset base to harvest high profitability. On the other hand, enterprise value creators are playing a huge role in leveraging technology and infrastructure, thereby optimizing operations. This may help increase shareholder value in the organization. Many institutional investors like the insurance companies are finding ideal investment opportunities such as understanding fixed income flows.”

According to the report, climatic change will be a key driver for market growth. Climatic changes have occurred due to the various natural and manmade disasters. Therefore, the insurance company requires not only to focus on the historical data but also to have forward projections. Climate change has brought in extreme weather events, and therefore insurance companies need to understand the change in the frequency of the extreme weather condition. Therefore, the insurance companies, reinsurance companies, capital markets, and governments are making use of various catastrophe modeling technologies.

Further, the report states that CAT models are used by the insurers to capture the effects of kerbstones on flood waters and adjacent buildings on the local wind speeds. The current challenge for the market is the lesser amount of detail that is been made available to the insurers. Therefore, the insurers are unable to model at sufficient resolution to capture the most important factors that determine flood depths and wind speeds at particular locations.

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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- American International Group
- Allianz
- AXA
- Berkshire Hathaway
- Lloyds
- Allstate
- Aviva
- Liberty Mutual
- Zurich Insurance
Note: Product cover images may vary from those shown
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