Global Direct General Insurance Carriers
Despite mounting challenges over the majority of the period such as a softening insurance market, low interest rates, volatile equity markets and the single worst year of catastrophic disasters ever taking place in 2011, the Global Direct General Insurance Carriers industry has performed well over the five years to 2016. Strong demand from emerging markets and growing demand from established markets have bolstered insurance premiums, which have been priced more competitively among carriers. Consequently, industry revenue is forecast to increase over the five years to 2016. Over the five years to 2021, industry revenue is forecast to increase. Merger and acquisition activity is expected to intensify in the industry's developed markets, as large players acquire smaller competitors to expand their market share. Similarly, these industry operators are expected to focus more intensely on cross-selling life and health policies to capitalize on existing clients. Yet, regulation is also anticipated to increase, tempering profit increases from recovering downstream demand.
Businesses in this industry initially underwrite insurance policies relating to property, casualty, liability and other general risks. In underwriting insurance policies, general insurers earn premiums that they then invest to generate additional income. The underwriting of life, disability, health and medical insurance represents a separate industry, although many businesses compete in both insurance markets.
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.
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