Industry Analysis & Industry Trends
Over the five years to 2020, revenue for the Automobile Insurance industry is forecast to increase as continued improvements in the macroeconomic landscape benefit investment conditions for auto insurers. Given that the majority of auto insurer assets are invested in bonds, forecast increases in interest rates will likely boost investment gains. Despite this trend, consolidation in the industry is expected to continue, with larger operators viewing strategic acquisitions as a lucrative method to expand their share of the market.... 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 45.0% of total industry revenue in 2015. This level of concentration has increased slightly in recent years, with the top four companies accounting for 42.9% of total industry revenue in 2010. 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, and the sharp growth of GEICO and Progressive.
Over the five years to 2015, the number of industry enterprises is anticipated to decline at an annualized rate of 0.7% to reach 1,958 companies... purchase to read more