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 SWOT Analysis Chapter
The Property, Casualty and Direct Insurance industry is in the mature stage of its economic life cycle; this stage is characterized by slow underlying demand growth, strong market acceptance of products and market saturation. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.4% during the 10 years to 2019. In contrast, US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the mature phase of its life cycle when growth in IVA trends with GDP growth over a 10-year period.
Pricing cycles and investment activity largely dictate the industry's performance... purchase to read more