Non-Life Insurance in the US, Key Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 90 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric’s 'Non-Life Insurance in the US, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the US non-life insurance segment, and a comparison of the US insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the US economy and demographics, explains the various types of natural hazard and their impact on the US insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in the US, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the US non-life insurance segment, including:

• The US non-life insurance segment’s detailed outlook by product category

• A comprehensive overview of the US economy and demographics

• A comparison of the US insurance industry with its regional counterparts

• The various distribution channels in the US non-life insurance segment

• Detailed analysis of natural hazards and their impact on the US insurance industry

• Details of the competitive landscape in the non-life insurance segment in the US

• Details of regulatory policy applicable to the US insurance industry

Scope

This report provides a comprehensive analysis of the non-life insurance segment in the US:

• It provides historical values for the US non-life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

• It offers a detailed analysis of the key categories in the US non-life insurance segment, and market forecasts to 2019.

• It profiles the top non-life insurance companies in the US, and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the US non-life insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the US non-life insurance segment.

• Assess the competitive dynamics in the non-life insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future.

Key HighLights

• The non-life segment accounted for 40.0% of the US insurance industry’s gross written premium in 2014.

• The US non-life insurance segment’s penetration of 3.2% in 2014 was the highest in North America.

• The segment’s growth is attributed to the expansion of motor and property insurance due to an increase in car sales and large investments in the property sector.

• Property insurance was the second-largest category in terms of gross written premium, and accounted for 34.3% of the non-life gross written premium in 2014.

• The liability category recorded the highest growth during the review period, at 6.3% of the total gross written premium.

• The US has the world’s largest and most well-established non-life segment.

 Table Of Content

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and investments

5 Outlook by Category
5.1 Property Insurance
5.1.1 Product overview
5.1.2 Premium
5.1.3 Claims
5.1.4 Profitability
5.2 Motor Insurance
5.2.1 Product overview
5.2.2 Premium
5.2.3 Claims
5.2.4 Profitability
5.3 Liability Insurance
5.3.1 Product overview
5.3.2 Premium
5.3.3 Claims
5.3.4 Profitability
5.4 Marine, Aviation and Transit Insurance
5.4.1 Product overview
5.4.2 Premium
5.4.3 Claims
5.4.4 Profitability

6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Brokers
6.1.2 Agencies
6.1.3 Direct marketing
6.1.4 Bancassurance
6.1.5 E-commerce

7 Natural Hazards

8 Competitive Landscape
8.1 Company Rankings
8.2 Company Profiles
8.2.1 State Farm Mutual Automobile Insurance Company – company overview
8.2.2 Liberty Mutual Group – company overview
8.2.3 Allstate Insurance Company – company overview
8.2.4 Berkshire Hathaway, Inc. – company overview
8.2.5 Travelers Companies Inc. – company overview

9 Governance, Risk and Compliance

10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Direct Marketing
10.5 Insurance Brokers and Agencies
10.6 Property Insurance
10.7 Property Insurance by Product
10.8 Motor Insurance
10.9 Motor Insurance by Product
10.1 Liability Insurance
10.11 Marine, Aviation and Transit Insurance

11 Definitions and Methodology
11.1 Definitions
11.2 Methodology

12 About Timetric
12.1 Contact Timetric
12.2 About Timetric
12.3 Timetric’s Services
12.4 Disclaimer

List Of Tables

Table 1: US Non-Life Insurance – Key Facts, 2014
Table 2: US Non-Life Insurance – Segment Shares of the Top Insurers, 2014
Table 3: US Government Credit Ratings
Table 4: US Non-Life Insurance – Gross Written Premium (US$ Billion), 2010–2014
Table 5: US Non-Life Insurance – Penetration (%), 2010–2014
Table 6: US Non-Life Insurance – Gross Written Premium (US$ Billion), 2014–2019
Table 7: US Non-Life Insurance – Penetration (%), 2014–2019
Table 8: US Non-Life Insurance – Premium per Capita (US$), 2010–2014
Table 9: US Non-Life Insurance – Premium per Capita (US$), 2014–2019
Table 10: US Non-Life Insurance – Paid Claims (US$ Billion), 2010–2014
Table 11: US Non-Life Insurance – Paid Claims (US$ Billion), 2014–2019
Table 12: US Non-Life Insurance – Profitability Ratio (%), 2010–2014
Table 13: US Non-Life Insurance – Profitability Ratio (%), 2014–2019
Table 14: US Non-Life Insurance – Total Assets (US$ Billion), 2010–2014
Table 15: US Non-Life Insurance – Total Assets (US$ Billion), 2014–2019
Table 16: US Non-Life Insurance – Total Investment Income (US$ Billion), 2010–2014
Table 17: US Non-Life Insurance – Total Investment Income (US$ Billion), 2014–2019
Table 18: US Non-Life Insurance – Investment Portfolio (US$ Billion), 2010–2014
Table 19: US Non-Life Insurance – Investment Portfolio (US$ Billion), 2014–2019
Table 20: US Non-Life Insurance – Gross Written Premium by Category (US$ Billion), 2010–2014
Table 21: US Non-Life Insurance – Gross Written Premium by Category (US$ Billion), 2014–2019
Table 22: US Property Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2010–2014
Table 23: US Property Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2014–2019
Table 24: US Property Insurance – Paid Claims (US$ Billion), 2010–2014
Table 25: US Property Insurance – Paid Claims (US$ Billion), 2014–2019
Table 26: US Property Insurance – Loss Ratio (%), 2010–2014
Table 27: US Property Insurance – Loss Ratio (%), 2014–2019
Table 28: US Motor Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2010–2014
Table 29: US Motor Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2014–2019
Table 30: US Motor Insurance – Paid Claims (US$ Billion), 2010–2014
Table 31: US Motor Insurance – Paid Claims (US$ Billion), 2014–2019
Table 32: US Motor Insurance – Loss Ratio (%), 2010–2014
Table 33: US Motor Insurance – Loss Ratio (%), 2014–2019
Table 34: US Liability Insurance – Gross Written Premium (US$ Billion), 2010–2014
Table 35: US Liability Insurance – Gross Written Premium (US$ Billion), 2014–2019
Table 36: US Liability Insurance – Paid Claims (US$ Billion), 2010–2014
Table 37: US Liability Insurance – Paid Claims (US$ Billion), 2014–2019
Table 38: US Liability Insurance – Loss Ratio (%), 2010–2014
Table 39: US Liability Insurance – Loss Ratio (%), 2014–2019
Table 40: US Marine, Aviation and Transit Insurance – Gross Written Premium (US$ Billion), 2010–2014
Table 41: US Marine, Aviation and Transit Insurance – Gross Written Premium (US$ Billion), 2014–2019
Table 42: US Marine, Aviation and Transit Insurance – Paid Claims (US$ Billion), 2010–2014
Table 43: US Marine, Aviation and Transit Insurance – Paid Claims (US$ Billion), 2014–2019
Table 44: US Marine, Aviation and Transit Insurance – Loss Ratio (%), 2010–2014
Table 45: US Marine, Aviation and Transit Insurance – Loss Ratio (%), 2014–2019
Table 46: US Non-Life Insurance – Direct Written Premium by Distribution Channel (US$ Billion), 2010–2014
Table 47: US Non-Life Insurance – Direct Written Premium by Distribution Channel (US$ Billion), 2014–2019
Table 48: US Non-Life Insurance – Percentage of Direct Written Premium Ceded, by Distribution Channel, 2010–2019
Table 49: US Estimated Number of Insurance Claims and Insured Property Losses (US$ Billion), 2005–2014
Table 50: Major Hurricanes – Insured Property Losses
Table 51: US Non-Life Insurance – Shares of Top Insurers (%), 2014
Table 52: State Farm Mutual Automobile Insurance Company – Key Facts
Table 53: State Farm Mutual Automobile Insurance Company – Key Financials (US$ Million), 2010–2014
Table 54: Liberty Mutual Group – Key Facts
Table 55: Liberty Mutual Group – Key Financials (US$ Million), 2010–2014
Table 56: Allstate Insurance Company – Key Facts
Table 57: Allstate Insurance Company – Key Financials (US$ Million), 2010–2014
Table 58: Berkshire Hathaway, Inc. – Key Facts
Table 59: Berkshire Hathaway, Inc. – Key Financials (US$ Million), 2010–2014
Table 60: Travelers Companies Inc. – Key Facts
Table 61: Travelers Companies Inc. – Key Financials (US$ Million), 2010–2014
Table 62: US Insurance Industry – Policies and Premium, 2010–2014
Table 63: US Insurance Industry – Policies and Premium, 2014–2019
Table 64: US Non-Life Insurance – Claims and Expenses, 2010–2014
Table 65: US Non-Life Insurance – Claims and Expenses, 2014–2019
Table 66: US Non-Life Insurance – Assets and Investments, 2010–2014
Table 67: US Non-Life Insurance – Assets and Investments, 2014–2019
Table 68: US Non-Life Insurance – Direct Marketing, 2010–2014
Table 69: US Non-Life Insurance – Direct Marketing and E-Commerce, 2014–2019
Table 70: US Non-Life Insurance – Insurance Brokers and Agencies, 2010–2014
Table 71: US Non-Life Insurance – Insurance Brokers and Agencies, 2014–2019
Table 72: US Non-Life Insurance – Property Insurance, 2010–2014
Table 73: US Non-Life Insurance – Property Insurance, 2014–2019
Table 74: US Non-Life Insurance – Property Insurance by Product, 2010–2014
Table 75: US Non-Life Insurance – Property Insurance by Product, 2014–2019
Table 76: US Non-Life Insurance – Motor Insurance, 2010–2014
Table 77: US Non-Life Insurance – Motor Insurance, 2014–2019
Table 78: US Non-Life Insurance – Motor Insurance by Product, 2010–2014
Table 79: US Non-Life Insurance – Motor Insurance by Product, 2014–2019
Table 80: US Non-Life Insurance – Liability Insurance, 2010–2014
Table 81: US Non-Life Insurance – Liability Insurance, 2014–2019
Table 82: US Non-Life Insurance – Marine, Aviation and Transit Insurance, 2010–2014
Table 83: US Non-Life Insurance – Marine, Aviation and Transit Insurance, 2014–2019
Table 84: Insurance Industry Definitions

List Of Figures

Figure 1: US Real GDP (US$ Billion), 2010–2019
Figure 2: US Consumer Price Inflation, 2010–2019
Figure 3: US Current Account Balance as Percentage of GDP (%), 2010–2019
Figure 4: US Unemployment Rate, 2010–2019
Figure 5: US Population by Age Group, 1990–2025
Figure 6: US Non-Life Insurance Penetration – Regional Comparison (%), 2014
Figure 7: US Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2014
Figure 8: US Non-Life Insurance – Gross Written Premium (US$ Billion), 2010–2019
Figure 9: US Non-Life Insurance – Penetration (%), 2010–2019
Figure 10: US Non-Life Insurance – Premium per Capita (US$), 2010–2019
Figure 11: US Non-Life Insurance – Paid Claims (US$ Billion), 2010–2019
Figure 12: US Non-Life Insurance – Profitability Ratio (%), 2010–2019
Figure 13: US Non-Life Insurance – Total Assets (US$ Billion), 2010–2019
Figure 14: US Non-Life Insurance – Total Investment Income (US$ Billion), 2010–2019
Figure 15: US Non-Life Insurance – Investment Portfolio (US$ Billion), 2010–2019
Figure 16: US Non-Life Insurance – Investment Portfolio Dynamics by Category, 2010–2019
Figure 17: US Non-Life Insurance – Gross Written Premium by Category (US$ Billion), 2010–2019
Figure 18: US Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019
Figure 19: US Property Insurance – Construction Value Output by Category (US$ Billion), 2010–2015
Figure 20: US Property Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2010–2019
Figure 21: US Property Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019
Figure 22: US Property Insurance – Paid Claims (US$ Billion), 2010–2019
Figure 23: US Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (US$ Billion and %), 2010–2019
Figure 24: US Total New Vehicle Sales (Million), 2010–2014
Figure 25: US Motor Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2010–2019
Figure 26: US Motor Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019
Figure 27: US Motor Insurance – Paid Claims (US$ Billion), 2010–2019
Figure 28: US Motor Insurance– Earned Premium, Incurred Loss and Loss Ratio (US$ Billion and %), 2010–2019
Figure 29: US Liability Insurance – Gross Written Premium (US$ Billion), 2010–2019
Figure 30: US Liability Insurance – Paid Claims (US$ Billion), 2010–2019
Figure 31: US Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (US$ Billion and %), 2010–2019
Figure 32: US Exports and Imports of Goods and Services (US$ Trillion), 2010–2014
Figure 33: US Marine, Aviation and Transit Insurance – Gross Written Premium (US$ Billion), 2010–2019
Figure 34: US Marine, Aviation and Transit Insurance – Paid Claims (US$ Billion), 2010–2019
Figure 35: US Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (US$ Billion and %), 2010–2019
Figure 36: US Non-Life Insurance – Direct Written Premium by Distribution Channel (%), 2010, 2014 and 2019
Figure 37: US – Frequency of Hazards by Type, 1990–2014
Figure 38: US – Economic Issues Caused by Hazards by Type, 1990–2014
Figure 39: US Non-Life Insurance – Shares of Top Insurers (%), 2014