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Risk Management, Insurance Advisory & Consulting in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 27, 2024
Length 81 Pages
SKU # IBSS19343048

Description

Risk Management, Insurance Advisory & Consulting in the US - Industry Market Research Report


Risk Management, Insurance Advisory & Consulting in the US

The Risk Management, Insurance Advisory and Consulting industry has experienced revenue volatility. At the beginning of the period, upstream insurance providers struggled with profitability and revenue after several severe natural disasters; this led insurance providers to enter into a price-hardening cycle characterized by rising insurance premiums and increased profitability for underwriters. Also, COVID-19 in 2020 dampened industry revenue growth. In particular, the initial unemployment dropped and reduced business and consumer expenditures. However, industry-wide revenue has been increasing at a CAGR of 2.7% over the past five years, including an estimated 5.2% decrease in the current year, and is expected to total $10.6 billion in 2023. In the same year, profit is projected to decrease to 13.5%.

The Risk Management, Insurance Advisory and Consulting industry provides insurance advisory and risk management services to insurers and other businesses.

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."

Table of Contents

81 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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