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... read more
Industry SWOT Analysis
The Global Direct General Insurance Carriers industry is in the mature stage of its economic life cycle; this stage is characterized by increasing merger and acquisition activity, wholehearted market acceptance of industry offerings and slowing product development. Industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to increase an annualized 3.8% over the 10 years to 2022. In contrast, world GDP is projected to grow an annualized 3.0% over the same period. These figures signify that the industry's share of the economy is growing; however, this growth is largely indicative of the industry's recovering profitability since the financial crisis.
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