Industry Analysis & Industry Trends
Over the five years to 2016, revenue growth for the Property, Casualty and Direct Insurance industry was stifled due to a soft pricing cycle, historically low-interest rates and volatile equity markets. In the coming years, technological changes, including systems upgrades and the increased use of cloud computing, will enable industry operators to decrease operational expenses and more effectively manage risk. In addition, rising premiums and higher interest rates expected will significantly improve the industry's revenue prospects... purchase to read more
Industry Report - Industry Analysis Chapter
The Property, Casualty and Direct Insurance industry’s performance was hampered over the past five years by a soft-pricing cycle, weak demand for title insurance and poor investment income. However, the stability of property and casualty (P&C) 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 2.7% over the five years to 2016 to $600.8 billion, with expected growth of 1.9% in 2016 alone.
In addition to P&C coverage, which accounts for the majority of industry revenue, operators offer a range of other insurance coverage... purchase to read more