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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 | Dec 2015

Saving up: Rising premiums and higher interest rates will improve industry revenue prospects

IBISWorld’s Property, Casualty and Direct Insurance market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$583bn
Annual Growth 10-15
2.1%
Annual Growth 15-20
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Profit
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Employment
600,534
Businesses
3,684
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 - Starting a New Business Chapter

The Property, Casualty and Direct Insurance industry has high barriers to entry. A new entrant must conform to stringent state and federal regulations to establish property and casualty (P&C) and title insurance operations. The P&C and title insurance markets are also highly competitive. Both markets are highly saturated and contain a large number of well-established brands; the title insurance market is especially heavily concentrated, with the top four firms accounting for an estimated 91.9% of the market's revenue. The industry is also highly complex, as some of the nation's largest state markets are also the riskiest with regards to losses (e.g. Florida and California)... 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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