Global Direct General Insurance Carriers
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 in major mature markets. However, the growth of emerging markets has outpaced the slowdown in mature markets and has driven the growth of the industry over the five years to 2019. The mounting wealth of emerging economies has contributed immensely to the industry's growth during the five-year period. While operators have benefited from growing demand in emerging markets, they have also been challenged for renewals in developed markets. Demand in emerging markets for insurance products is expected to continue to grow over the five years to 2019. Higher per capita income in these countries will make consumers more inclined to purchase goods, such as cars and homes, which are normally insured.
Operators in the Global Direct General Insurance Carriers 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.