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Non-Life Insurance Sector Scorecard - Thematic Research

Publisher GlobalData
Published Jan 19, 2022
Length 23 Pages
SKU # GBDT16990852

Description

Non-Life Insurance Sector Scorecard - Thematic Research

Summary

This report provides analysis and scoring on the leading non-life insurers across the 10 themes we believe will define the future of the industry. We score them based on how proactive they are in each theme and their ability to adapt to key transformations in the theme in the coming years.

The non-life insurance industry has enabled the global economy to develop exponentially in the last two centuries and as a result continues to enable the day-to-day operations of businesses and consumer activity. Technological developments are enabling the industry to become increasingly efficient in their operations and develop new products across life and non-life insurance markets. With customers demanding a more agile and personalized insurance experience, providers must be at the forefront of adoption or they will be faced with the prospect of a shrinking customer base.

Scope
  • COVID-19 is by far the most important theme in the insurance market going into 2022. It has put great strain on economies around the world and will be a key factor in the underwriting process for the majority of products. Even as countries emerged from lockdowns throughout 2021, uncertainty remained.
  • Insurers have faced the challenge of losing customers in commercial and personal insurance due to falling disposable incomes and delayed renewals through lockdowns, with many having to increase prices just to cover their risk. Furthermore, the low-interest environment across the world means they face extra pressure to make profit through underwriting.
  • Other themes remain key for insurers despite the presence of COVID-19. Notably, environmental, social, and governance (ESG) remains essential to insurers going forward. The increase in severe weather events around the world has illustrated how important it is to combat climate change, while the general public have become increasingly intolerant towards unsustainable businesses.
Reasons to Buy
  • Benchmark yourself against the rest of the market.
  • Discover the market leaders across 10 essential themes to non-life insurance.
  • Discover what the 10 key themes are and understand why we believe them to be so crucial.
Companies Mentioned
Companies Mentioned

Admiral
Ageas
AIA
Allianz
Allstate
Aon
Arthur J Gallagher
Assicurazioni Generali
Aviva
AXA
Bought By Many
By Miles
Chubb
Covea
Cuvva
Direct Line
Hiscox
Insurance Australia Group
Lemonade
Marsh & McLennan
Marshmallow
Metromile
Munich Re
Next Insurance
PICC
Ping An
Policygenius
Progressive
Prudential
Root Insurance
RSA
Suncorp
Swiss Re
Tapoly
Tokio Marine
Travelers
Zego
Zurich

Table of Contents

23 Pages
  • Executive Summary
    • Theme map
    • Themes
    • Who's who
    • Thematic screen
    • Valuation screen
    • Figure 5: Our five-step approach for generating a sector scorecard
  • About GlobalData
  • Contact Us
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