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 Analysis Chapter
The Property, Casualty and Direct Insurance industry's performance was hampered by a soft-pricing cycle, weak demand for title insurance and poor investment income over the five-year period. However, the stability of property and casualty insurance, which is the industry's largest market segment, and its reliance on renewals rather than the generation of new business, tempered these negative trends. As a result, revenue for the industry is expected to increase at a modest annualized rate of 1.0% over the five years to 2014, to $445.9 billion.
In addition to P&C coverage, which accounts for the majority of industry revenue, operators also offer a variety of other insurance coverage... purchase to read more