Industry operators have struggled to deal with the severe financial crisis and recession that weakened demand and limited new business from a depressed housing market. In the coming years, insurers will continue to be tasked with adapting to an increasingly difficult operating environment. Premium growth will be underpinned by continued price increases and improvements in underlying housing market conditions, while investment income will also get a boost from surging financial markets reacting to improving economic fundamentals. However, climate change will continue to increase the frequency and severity of losses for industry operators, hurting profitability and causing them to reduce capacity and consolidate to lower costs.
This industry includes insurers that underwrite (e.g. assume and manage risk) homeowners' insurance policies. Homeowners' insurance protects households against property damage or losses due to catastrophic disasters, theft and other causes. These policies also protect against personal liability that may arise from bodily injury that occurs on one's property.
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.