Industry Analysis & Industry Trends
The Global Direct General Insurance Carriers industry provides protection from the costs arising from a variety of events, such as auto accidents, natural catastrophes and medical malpractice. In the five years to 2015, industry revenue grew only modestly as investment income plummeted and premium prices softened in developed markets. As a result, industry firms have increasingly turned their focus to emerging markets, where increased wealth is creating new demand for insurance products. Revenue is expected to grow at a stronger rate in the five years to 2020, as demand rebounds and the industry's largest players consolidate... read more
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... read more