Declining premium prices over the five years to 2014 as a result of a slow recovery from the recession significantly affected industry revenue. However, because liability insurance policies are mandatory in most states, industry declines were somewhat mollified by this factor. Over the five years to 2019, improvements in key macroeconomic trends, such as the number of motor vehicle registrations and corporate profit, will benefit industry operators.
This industry provides underwriting coverage for commercial cars, trucks, vans and other vehicles. This coverage is typically excluded from Business Owners' Policies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.