Property, Casualty and Direct Insurance in the US
Property, Casualty and Direct Insurance industry revenue is expected to increase over the five years to 2018. Numerous catastrophic events that occurred just prior to the period led to poor profit margins, pushing the industry into a hard-pricing cycle to try to improve margins and rebuild balance sheets over the five years to 2018. Excess reserves and profit margins were once again hampered by numerous natural disasters in 2017, including Hurricane Irma and Hurricane Maria. Despite difficult underwriting conditions as a result of these natural disasters, industry profit margins were supported during the period by stable investment income generated by operators. Industry revenue is forecast to increase over the five years to 2023 due to rising premiums early in the period, coupled with higher interest rates.
Operators in this industry are primarily engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Industry participants also protect real estate owners or creditors against losses sustained as a result of any title defect to real property. This industry does not include insurance coverage for life, disability, accidental death, dismemberment or health risks.
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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