Global Direct General Insurance Carriers
Over the five years to 2018, the Global Direct General Insurance Carriers industry has encountered headwinds, as a softening insurance market, low interest rates and numerous catastrophic disasters have hurt operators. 2015 was an especially tough year for operators, as the collapse in commodity prices sparked uncertainty throughout the globe, severely hampering industry performance during the five-year period. Over the five years to 2023, industry revenue is forecast to increase. Emerging markets' demand for insurance products is expected to continue to grow over the five years to 2023. Higher per capita income in these countries will make consumers more inclined to purchase goods such as cars and homes, which are normally insured. This will lead demand for industry services to increase, requiring new, local operators to enter into the marketplace.
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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