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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 | Oct 2014

Balance sheet: Rising premiums and interest rates will improve as the national economy stabilizes

The Property, Casualty and Direct Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$448bn
Annual Growth 09-14
1.1%
Annual Growth 14-19
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Profit
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Employment
597,549
Businesses
4,412
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 SWOT Analysis Chapter

The Property, Casualty and Direct Insurance industry is in the mature stage of its economic life cycle; this stage is characterized by slow underlying demand growth, strong market acceptance of products and market saturation. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 2.4% during the 10 years to 2019. In contrast, US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the mature phase of its life cycle when growth in IVA trends with GDP growth over a 10-year period.

Pricing cycles and investment activity largely dictate the industry's performance... 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
Personal vehicle insurance productsCommercial vehicle insurance productsProperty and liability (excluding vehicle) insurance productsWorkers' compensation insurance productsMedical malpractice insurance productsTitle insurance products
 
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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