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 through 2012, 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
Motor vehicle insurance
The industry's product segmentation is based on net premiums earned and does not include net investment income. In general, premium income accounts for about 90.0% of total industry revenue. The largest share of general insurance premiums originates from motor vehicle insurance, which includes both private passenger and commercial coverage. This type of insurance covers the insured for any loss incurred through damage to property or people as the result of a car accident (including theft). Individual consumers make up the larger of the two segments.
Fire and other property insurance accounts for the next largest share at 23% of total premiums... read more