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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 | Mar 2015

Balance sheet: Rebounding premiums and interest rates will improve industry revenue

The Property, Casualty and Direct Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$587bn
Annual Growth 10-15
2.3%
Annual Growth 15-20
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Profit
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Employment
598,988
Businesses
4,174
Industry Analysis & Industry Trends

Over the past five years, revenue growth for the Property, Casualty and Direct Insurance industry has been stifled by a soft-pricing cycle, historically low interest rates and volatile equity markets. These lingering effects of the subprime mortgage crisis have constrained both premium and investment income for industry firms, which were forced into aggressive price competition over the period and struggled to rebuild balance sheets after catastrophic losses. Nevertheless, stable demand for insurance has allowed revenue to grow modestly since 2010. As the economy continues to recover over the next five years, a rebound in premium prices is expected to result in faster industry growth... purchase to read more

Industry Report - Industry Investment Chapter

The Property, Casualty and Direct Insurance industry operates with a moderate level of capital intensity. In 2015, IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.13 to capital investment, representing a slight increase from $0.11 in 2010. 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
Private passenger autoCommercial autoHomeowners multiple perilOther liabilityWorkers compensationCommercial multiple perilFire
 
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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