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Global Direct General Insurance Carriers: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Direct General Insurance Carriers Market Research Report | Jan 2016

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Direct General Insurance Carriers global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

Report Snapshot
Market Share of Companies
AIG AIG market share
Allianz Allianz market share
AXA AXA market share
State Farm Insurance State Farm Insurance market share
Industry Statistics & Forecast
Revenue
$1tr
Annual Growth 11-16
3.3%
Annual Growth 16-21
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Profit
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Employment ('000)
1,537
Businesses
43,893
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

Industry Products

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

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Direct General Insurance Carriers Industry?

Businesses in this industry initially underwrite insurance policies relating to property, casualty, liability and other general risks. In underwriting insurance policies, general insurers earn premiums that they then invest to generate additional income. The underwriting of life, disability, health and medical insurance represents a separate industry, although many businesses compete in both insurance markets.

Industry Products
Private passenger autoHomeowners multiple perilOther liabilityWorkers compensationCommercial multiple perilCommercial autoFire
 
Industry Activities
Directly underwriting automobile insuranceDirectly underwriting homeowners' insuranceDirectly underwriting title insuranceDirectly underwriting workers' compensation insuranceDirectly underwriting medical malpractice insuranceInvesting premiums earned by underwriting insurance policies


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