Industry Analysis & Industry Trends
The Global General Insurance Carriers industry provides protection against the costs arising from a variety of property and casualty (P&C) events, such as auto accidents, natural catastrophes and medical malpractice. In the five years to 2014, industry revenue declined as investment income plummeted and premium prices softened. The next five years will feature strong revenue gains. Demand for insurance will grow, hardening premium prices, and investment income will pick up as investor confidence returns to global markets... read more
The collective sum of revenue in North America, Europe and North Asia is anticipated to account for 86.8% of total revenue in 2014. The geographical distribution of premium revenue and net investment income reflects the highly developed financial and capital markets of these regions. While emerging markets are experiencing substantial growth, revenue from these regions comes from a low base. Moreover, the asset volumes of companies in emerging markets are substantially lower than their developed counterparts, mitigating the compounding impact of investment returns.
North America is anticipated to account for 44.3% of revenue for the Global Direct General Insurance Carriers industry, with the United States accounting for the majority of this share... read more