Industry Analysis & Industry Trends
Fully insured
Demand will remain strong for the Renters Insurance industry, as many people continue to rent dwellings instead of buying houses. More middle-aged individuals and working professionals are now renting apartments and single-family homes, supporting demand for renters insurance. Further, many apartment renters will require tenants to obtain renters insurance, supporting industry performance.... purchase to read more
Industry Report - Industry Locations Chapter
IBISWorld expects that the highest concentrations of industry firms are located in the Southeast, Mid-Atlantic and Great Lakes regions. In addition to having high population densities, these regions also feature some of the country's most notorious weather events. The concentration of renters insurance activity in each region is expected to remain fairly stable during the five years to 2011.
Southeast
With an estimated 23.6% of all renters insurance activity, the Southeast has the nation's highest concentration. The presence of the Gulf states helps the region attain and maintain this distinction, as the coast from Texas to the tip of Florida typically undergoes several hurricanes and tropical storms every year. In fact, Florida and Texas have 6.9% and 7.3% o... purchase to read more