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The United States Property and Casualty Insurance Market is segmented by Insurance Type (Home, Motor, and Other Insurance Types) and Distribution Channel (Direct, Agents, Banks, and Other Distribution Channels).
2016 - 2026
The US property and casualty insurance market is expected to register a CAGR of approximately 6% during the forecast period.
This report aims to provide a detailed analysis of the property and casualty insurance market in the United States. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into various product and application types. Additionally, it analyzes the key players and the competitive landscape in the property and casualty insurance market in the United States.
|By Insurance Type|
|Other Insurance Types|
|By Distribution Channel|
|Other Distribution Channels|
Report scope can be customized per your requirements. Click here.
For insurance, RPA (robotic process automation) is described as the implementing software robots that can be customized for each device, without using code. These software robots support their real-life knowledge-workers with monotonous and repetitive tasks in insurance work, such as data input. Adoption of the RPA in the insurance has specific benefits, including faster claims processing, easier policy cancelation, simplified new business on-boarding, and easy transition.
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The property and casualty (P&C) sector is building on a strong 2018, in which the industry saw a net income increase of 66% to USD 60 billion, also 10.8% boost in the net premiums written and nearly breaking even on underwriting (after losing USD 23.3 billion the year before). The US insurance industry declined a bit but remained positive in the first half of 2019, with the industry posting an underwriting gain of USD 5.4 billion (down from USD 6.1 billion for the same period in 2018) and a profitable combined ratio of 97.3 (up from 96.2).
To understand geography trends, Download Sample Report.
The report covers the major players operating in the property and casualty insurance market in the United States. The market is fragmented. The property and casualty markets continue to present "soft rates" (i.e., lower insurance premiums), and despite the recent increase in the federal fund rate, interest rates remain near historically low levels. The foregoing factors have adversely impacted revenue and profitability of P&C insurers, which may encourage consolidation among larger property and casualty insurers, due to diminished opportunities for the organic growth.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Insurance Type
5.1.3 Other Insurance Types
5.2 By Distribution Channel
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Mergers and Acquisitions
6.3 Company Profiles
6.3.1 Berkshire Hathaway Inc.
6.3.2 American International Group Inc.
6.3.3 Liberty Mutual Holding Company Inc.
6.3.4 The Progressive Corporation
6.3.5 The Travelers Companies Inc.
6.3.6 United Services Automobile Association
6.3.7 Farmers Group Inc.
6.3.8 American Family Mutual Insurance Company S.I.
6.3.9 W. R. Berkley Corporation
6.3.10 American Financial Group Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability