Market Research Logo

United States Insurance Report Q3 2015

76 Pages BMI Research June 24, 2015 SKU: BMI5600294

United States Insurance Report Q3 2015

BMI View: The US insurance sector is highly developed, with insurance providers in both the life and nonlifesegments expected to grow their written premiums at steady rates throughout our 2015-2019 forecastperiod. The most recent financial results reported by the major players in both segments, as well as theirforward guidance, underscore this positive outlook. These leading firms will reap the benefits of a growingdemand for insurance products by leveraging their access to capital, economies of scale, broad productportfolios, distribution channels, innovation capability, and brand recognition. In what follows, we discussfactors which underlie the positive outlook.

While we forecast overall growth for the US' insurance sector, the non-life segment - which accounts forroughly 60% of total premiums written - is expected to considerably outperform the life segment in terms ofgrowth prospects in the coming years. This trend will mainly be driven by the rapidly growing healthinsurance sub-segment as a result of increased accessibility to healthcare provision. Life insurance, bycontrast, will grow steadily though less significantly as insurers are tapping into the insurance gap resultingfrom the 44mn Americans who are currently lacking life insurance coverage. Overall, opportunities forfuture investment will mainly reside within non-life insurance. Steady growth will be predominantly drivenby non-life insurance - the US' largest insurance segment - which is set to grow by more than 3.0% in thisyear. Continuing growth in healthcare spending, the growth in disease adjusted life years (DALYs - anindicator of morbidity) for older age cohorts, and the spread of health insurance cover due to the AffordableHealthcare Act, will underpin the growth of health insurance. The general recovery in the economy willboost property insurance. However, we envisage that overall life density (premiums per capita) and growthin life premiums will be constrained by competition from organised savings solutions that originate fromoutside the insurance sector.

Show Full Description

Show Table of Contents

United States Insurance Report Q3 2015

BMI Research
June 24, 2015

Pricing & Delivery

Report with 3 quarterly updates
Report with 3 quarterly updates - 3 User License
Report with 3 quarterly updates - 5 User License
Report with 3 quarterly updates - Departmental/Site License
Global Site License Fulfilled by Publisher

Didn't find what you are looking for?

Let us find it for you. One of our knowledgeable research assistants will work with you to find exactly the right research to answer your questions:

US: 800.298.5699 International: +1.240.747.3093 Or leave us a message and we'll call you back!

Receive bi-weekly email alerts for new market research.

CTA Image

Download our free eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download CTA

Share this report