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 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