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Property, Casualty and Direct Insurance in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Property, Casualty and Direct Insurance Market Research Report | NAICS 52412 | Jul 2014

Balance sheet: Rising premiums and interest rates will improve as the national economy stabilizes

IBISWorld’s Property, Casualty and Direct Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$446bn
Annual Growth 09-14
1.0%
Annual Growth 14-19
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Profit
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Employment
597,549
Businesses
4,412
Industry Analysis & Industry Trends

After experiencing financial and natural catastrophes during the past five years, the industry remains relatively strong. While revenue declined steadily during the recession, investment conditions and profitability are both expected to increase during the next five years, benefiting operators. Underwriting gains will be a key aspect of the industry's success over the period, and more companies will use the internet to boost profitability... purchase to read more

Industry Report - Industry Investment Chapter

The Property, Casualty and Direct Insurance industry operates with a low level of capital intensity. In 2014, IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.11 to capital investment, mirroring the industry's level of capital intensity in 2009. Capital is used for a number of reasons, including for information technology as advanced systems are used to track policies, payments and claims. Systems are also used by actuaries to model insurance risk, ensuring firms have proper reserves in case of a catastrophic event. Companies have continued to improve their technology in order to provide better customer service, such as efficient customer responses and user friendly websites... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Property, Casualty and Direct Insurance Industry?

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

Industry Products
Personal vehicle insurance productsCommercial vehicle insurance productsProperty and liability (excluding vehicle) insurance productsWorkers' compensation insurance productsMedical malpractice insurance productsTitle insurance products
 
Industry Activities
Directly underwriting automobile insuranceDirectly underwriting homeowners' insuranceDirectly underwriting title insuranceDirectly underwriting workers' compensation insuranceDirectly underwriting medical malpractice insuranceReinsuring policies from other insurance companies


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