Industry Analysis & Industry Trends
Over the five years to 2015, 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 Products Chapter
Personal and commercial auto
In 2015, personal and commercial auto lines are anticipated to account for 36.3% and 5.0% of total industry premiums, respectively. Industry operators provide both liability and collision/comprehensive auto lines. Liability insurance products account for the largest portion of this product line. Bodily injury liability insurance covers the medical and legal expenses associated with an accident that causes the injury or death of another individual. Alternatively, property damage liability insurance covers the damages caused by an individual's car to the property of others.
Collision/comprehensive insurance products account for the industry's second-largest auto line... purchase to read more