Summary
Non-Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The US non-life insurance market had total gross written premiums of $830.3bn in 2017, representing a compound annual growth rate (CAGR) of 3.6% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $321.3bn, equivalent to 38.7% of the market's overall value.
- The growth of the US market has been spurred by demand for accident and health non-life insurance products, as well as for motor insurance. Furthermore, different dynamics in the lines of these products have also shaped the market. In particular, the growth of the market has been constrained by weak demand in the commercial line, although demand was strong in the personal line, with subsequent price increases.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United States
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the United States non-life insurance market by value in 2017?
- What will be the size of the United States non-life insurance market in 2022?
- What factors are affecting the strength of competition in the United States non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in the United States's non-life insurance market?
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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 16
New entrants 18
Threat of substitutes 20
Degree of rivalry 21
Leading Companies 23
State Farm Mutual Automobile Insurance Company 23
Berkshire Hathaway Inc. 26
Liberty Mutual Holding Company Inc. 30
The Allstate Corporation 33
Macroeconomic Indicators 36
Country data 36
Methodology 38
Industry associations 39
Related MarketLine research 39
Appendix 40
About MarketLine 40
List of Tables
Table 1: United States non-life insurance market value: $ billion, 2013–17
Table 2: United States non–life insurance market category segmentation: $ billion, 2017
Table 3: United States non–life insurance market geography segmentation: $ billion, 2017
Table 4: United States non-life insurance market share: % share, by value, 2017
Table 5: United States non-life insurance market value forecast: $ billion, 2017–22
Table 6: State Farm Mutual Automobile Insurance Company: key facts
Table 7: State Farm Mutual Automobile Insurance Company: key financials ($)
Table 8: State Farm Mutual Automobile Insurance Company: key financial ratios
Table 9: Berkshire Hathaway Inc.: key facts
Table 10: Berkshire Hathaway Inc.: key financials ($)
Table 11: Berkshire Hathaway Inc.: key financial ratios
Table 12: Liberty Mutual Holding Company Inc.: key facts
Table 13: Liberty Mutual Holding Company Inc.: key financials ($)
Table 14: Liberty Mutual Holding Company Inc.: key financial ratios
Table 15: The Allstate Corporation: key facts
Table 16: The Allstate Corporation: key financials ($)
Table 17: The Allstate Corporation: key financial ratios
Table 18: United States size of population (million), 2013–17
Table 19: United States gdp (constant 2005 prices, $ billion), 2013–17
Table 20: United States gdp (current prices, $ billion), 2013–17
Table 21: United States inflation, 2013–17
Table 22: United States consumer price index (absolute), 2013–17
Table 23: United States exchange rate, 2013–17
List of Figures
Figure 1: United States non-life insurance market value: $ billion, 2013–17
Figure 2: United States non–life insurance market category segmentation: % share, by value, 2017
Figure 3: United States non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: United States non-life insurance market share: % share, by value, 2017
Figure 5: United States non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in the United States, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in the United States, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in the United States, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in the United States, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in the United States, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in the United States, 2017
Figure 12: State Farm Mutual Automobile Insurance Company: revenues & profitability
Figure 13: State Farm Mutual Automobile Insurance Company: assets & liabilities
Figure 14: Berkshire Hathaway Inc.: revenues & profitability
Figure 15: Berkshire Hathaway Inc.: assets & liabilities
Figure 16: Liberty Mutual Holding Company Inc.: revenues & profitability
Figure 17: Liberty Mutual Holding Company Inc.: assets & liabilities
Figure 18: The Allstate Corporation: revenues & profitability
Figure 19: The Allstate Corporation: assets & liabilities
