Property, Casualty & Direct Insurance in California - Industry Market Research Report

  • ID: 4578436
  • Report
  • Region: California
  • 29 pages
  • IBISWorld
1 of 4
Premium position: Revenue growth has been driven by rising numbers of vehicles and employees in the state

FEATURED COMPANIES

  • Berkshire Hathaway Inc.
  • Farmers Insurance Group
  • MORE

Property, Casualty & Direct Insurance in California

Among all states, the Property, Casualty and Direct Insurance industry in California is the largest in terms of written premiums. Over the five years to 2017, the industry has exhibited strong growth as demand for property and casualty insurance has increased, largely as the result of a rising number of motor vehicles being purchased and a growing number of employees in California's workforce. As California law requires private drivers to purchase auto liability insurance, in addition to requiring employers to purchase workers' compensation for their employees, these trends have helped boost revenue over the past five years. Over the five years to 2022 the industry is forecast to grow, though at a slower pace, as demand for property and casualty insurance will soften in light of an expected slowdown in the growth of new employees.

Operators in this industry are primarily engaged in underwriting insurance policies in California that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Insurers 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
2 of 4

FEATURED COMPANIES

  • Berkshire Hathaway Inc.
  • Farmers Insurance Group
  • 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
3 of 4

Loading
LOADING...

4 of 4
  • Berkshire Hathaway Inc.
  • Liberty Mutual Insurance Group
  • Farmers Insurance Group
  • State Farm Mutual Automobile Insurance Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll