Overview

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 identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
Allianz $x.xlock
State Farm Insurance $x.xlock
Industry Statistics & Market Size
Revenue
$2tr
Annual Growth
2012 - 2017
0.7%
Annual Growth
2017 - 2022
Profit
Employment ('000)
2,550
Business
76,758

Industry Threats & Opportunities

  • The mounting wealth of emerging economies has contributed immensely to the industry's growth over the past five years
  • The industry's continued trend of homogeneity is beginning to dissipate as policyholders begin to demand more sophisticated and personalized products
  • Competition will remain high, with merger and acquisition activity continuing in the industry's developed markets
  • Industry Analysis & Industry Trends

    Over the five years to 2017, the Global Direct General Insurance Carriers industry has performed well, despite continuously mounting challenges including a softening insurance market, low interest rates and numerous catastrophic disasters. Strong demand from emerging markets has bolstered insurance premiums. Consequently, industry revenue is forecast to increase over the five years to 2017. Over the five years to 2022, industry revenue is forecast to increase at a slightly faster rate than during the previous period as emerging markets' demand for insurance products is expected to continue to grow...

    Industry Key Buyers

    Market share concentration within the Global Direct General Insurance Carriers industry is low, with the top four companies accounting for an estimated 8.9% of total industry revenue in 2017. Moreover, the level of concentration within the industry has decreased in recent years, as the top four companies accounted for 10.0% of the market in 2014. While companies in the industry's mature markets continue to consolidate, these same companies have not kept pace with global revenue growth in recent years, given their reliance on saturated markets for sales. Instead many major operators have decide to focus on offering other forms of insurance that are not included in this industry to bolster revenue.

    Concentration levels do vary by region, country and product line. Man..

    Additional Insights for the Global Direct General Insurance Carriers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Global Direct General Insurance Carriers Industry are

  • Provision of a related range of goods/services
  • Economies of scale
  • Development of credible and soundly based investment strategies
  • IBISWorld analysts also discuss how external factors such as Global per capita income and Global damage caused by natural disasters in the Global Direct General Insurance Carriers industry impact industry performance..

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    Industry Products

    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 auto
    Homeowners multiple peril
    Workers' compensation
    Commercial multiple peril
    Commercial auto
    Industry Activities
    Directly underwriting automobile insurance
    Directly underwriting homeowners' insurance
    Directly underwriting title insurance
    Directly underwriting workers' compensation insurance
    Directly underwriting medical malpractice insurance
    Investing premiums earned by underwriting insurance policies

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Global per capita income
  • Global damage caused by natural disasters
  • Industrial production index of OECD countries
  • LIBOR - London Interbank Offered Rate
  • MSCI World Index

  • Current Performance
  • Emerging markets drive premium growth
  • Recession and industry structure
  • Profit and investment income
  • Chart: Revenue Growth

  • Industry Outlook
  • Mergers, acquisitions and investment conditions
  • Economies of scope, innovation and regulation
  • Table: Global Direct General Insurance Carriers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Global Direct General Insurance Carriers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Global Mining
  • Global Manufacturing
  • Global Construction
  • Global Financial Intermediation
  • Consumers

  • Key Selling Industries
  • Global Advertising Agencies
  • Global Commercial Real Estate
  • Global Insurance Brokers & Agencies
  • Global Reinsurance Carriers

  • Products & Services
  • Private passenger auto
  • Other
  • Homeowners multiple peril
  • Workers' compensation
  • Commercial multiple peril
  • Commercial auto
  • Chart: Global Direct General Insurance Carriers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Personal market
  • Commercial market
  • Other insurance carriers
  • Chart: Major Market Segmentation for the Global Direct General Insurance Carriers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Loss and loss adjustment expenses
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Global Direct General Insurance Carriers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Global Direct General Insurance Carriers Industry

  • Industry Globalization
    Major Companies
    State Farm General Insurance Co IncAllianz SEAXA SAAmerican International Group Inc.
  • Table: State Farm General Insurance Co Inc - financial performance
  • Table: Allianz SE - financial performance
  • Table: AXA SA - financial performance
  • Table: American International Group Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Global Direct General Insurance Carriers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Global Direct General Insurance Carriers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • MSCI World Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Capacity
  • The supply of insurance and is the maximum amount of insurance a company or market can underwrite based on financial strength.
  • Combined Ratio
  • A measure of an insurer's underwriting performance. It represents claims and underwriting expenses as a proportion of net premiums. A combined ratio of above 100.0% indicates an underwriting loss.
  • Surplus
  • The difference between an insurer's liabilities and its assets and represents the financial cushion that protects policyholders in case of unexpectedly high claims.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Global Direct General Insurance Carriers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Global Direct General Insurance Carriers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Global Direct General Insurance Carriers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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