Industry Analysis & Industry Trends
Despite mounting challenges over the majority of the period such as a softening insurance market, low interest rates, volatile equity markets and the single worst year of catastrophic disasters ever taking place in 2011, the Global Direct General Insurance Carriers industry has performed well during the five years to 2016. Strong demand from emerging markets and growing demand from established markets have bolstered insurance premiums, which have been priced more competitively amongst carriers. Over the five years to 2021, merger and acquisition activity is expected to intensify in the industry's developed markets, as large players acquire smaller competitors to expand their market share... read more
Personal and commercial auto
In 2016, 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... read more