Industry Analysis & Industry Trends
The number of cars registered indicates industry demand for individual automotive insurance; therefore, an increase in car purchases will necessarily benefit automobile insurance providers. An increase in interest rates and renewed investment activity will also facilitate industry growth over the next five years. While discount retailers such as Geico and Progressive are expected to continue growing, pricing competition is set to cool as the economy slowly improves.... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration within the Automobile Insurance industry is moderate, with the top four companies accounting for an estimated 46.9% of total industry revenue in 2014. This level of concentration has increased slightly in recent years, with the top four companies accounting for 46.6% of total industry revenue in 2009. Concentration has marginally increased over the five-year period as result of continued insurance company consolidation, both within the industry specifically and in the broader insurance sector.
Over the five years to 2014, the number of industry enterprises is anticipated to decline at an annualized rate of 0.5%, to reach 1,992 companies. During that time, the largest industry operators have grown both organically and through strategic acquisitions... purchase to read more