Over the past five years, the Homeowners' Insurance industry has benefited from the economy's low postrecessionary base following a severe financial crisis and record natural disaster losses that weakened industry demand and profitability. Demand for homeowners' insurance has increased in conjunction as a higher number of homes need insurance coverage and assets affiliated with homeownership increase in value, heightening the need to protect them. The industry is poised for moderate growth in the coming five years. The economy is expected to maintain momentum as unemployment continues to decline, boosting housing starts and driving up home prices. Additionally, investment income is expected to increase its contribution to revenue.
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.
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