The life and non-life insurance market in the United States is estimated to register a CAGR of approximately 6%, during the forecast period.

For the first six months of 2019, the life insurance industry reported an increase of 5% (USD 22 billion) in direct written premiums and deposits to USD 472 billion. Net written premiums and deposits increased by 14% (USD 53 billion) to USD 437 billion, due to a fall in ceded premiums of 26% (USD 43 billion). Life insurance premiums increased by 12% (USD 15 billion) to USD 143 billion, largely due to an increase of 35% in the assumed premiums, while ceded premiums increased by 15% (USD 8 billion) to USD 61 billion, as compared to the second quarter 2018. Net life insurance premiums increased to USD 82 billion by 10% (USD 7 billion).

Improved underwriting discipline continued rate increases, lower catastrophe risks, and an improving commercial and personal auto market, in the first half of 2019. Moreover, these factors have led to strong underwriting success in the US property and casualty insurance industry. The industry recorded an underwriting gain of USD 6.5 billion, slightly lower than the gain of USD 7 billion in the previous year period, as net losses and LAE (loss adjustment expenses) rose at a higher rate than net received premiums. Combined with solid investment results, the underwriting benefit led to a net profit of USD 34.8 billion. Since factoring in unrealized capital gains, the consolidated policyholder surplus rose at an all-new high in June 2019, by 7.6% to USD 838.9 billion.