BMI View: We have a positive outlook for the US' overall insurance sector over the 2015-2019 period, and confirm steady growth in both the life and non-life segments. Consistently accounting for roughly 60% of the total premiums written, non-life insurance is set to drive the predominant share of the sector's overall growth, and will also slightly outpace the life segment. In particular, the non-life growth prospects are underpinned by ongoing economic recovery, relative absence of claims costs, as well as increased activity in particular sectors, including construction and pharmaceuticals. Overall, the US' insurance sector provides opportunities for future investment.
The US' insurance sector is highly developed, with insurance providers in both the life and non-life segments expected to grow their written premiums at steady rates throughout our 2015-2019 forecast period. The most recent financial results reported by the major players in both segments, as well as their forward guidance, underscore this positive outlook. These leading firms will reap the benefits of a growing demand for insurance products by leveraging their access to capital, economies of scale, broad product portfolios, distribution channels, innovation capability, and brand recognition. In what follows, we discuss factors which underlie the positive outlook.