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Insurance in North America

Insurance in North America

Summary

Insurance in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Essential resource for top-line data and analysis covering the North America insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

  • The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
  • The North American insurance market had total gross written premiums of $1,522.0bn in 2017, representing a compound annual growth rate (CAGR) of 2.6% between 2013 and 2017.
  • The non-life segment was the market's most lucrative in 2017, with total gross written premiums of $911.7bn, equivalent to 59.9% of the market's overall value.
  • The North American insurance market is dominated by the US, which accounted for 90.5% of market value in 2017. According to Swiss Re, insurance penetration rates vary with Canada at 7.1% of GDP, the US at 7.2%, and Mexico at 2.2% in 2017.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in North America
  • Leading company profiles reveal details of key insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the North America insurance market with five year forecasts
Reasons to buy
  • What was the size of the North America insurance market by value in 2017?
  • What will be the size of the North America insurance market in 2022?
  • What factors are affecting the strength of competition in the North America insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in North America's insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Berkshire Hathaway Inc.
MetLife, Inc.
The Northwestern Mutual Life Insurance Company
State Farm Mutual Automobile Insurance Company
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: North America insurance market value: $ billion, 2013-17
Table 2: North America insurance market category segmentation: $ billion, 2017
Table 3: North America insurance market geography segmentation: $ billion, 2017
Table 4: North America insurance market share: % share, by value, 2017
Table 5: North America insurance market value forecast: $ billion, 2017-22
Table 6: Berkshire Hathaway Inc.: key facts
Table 7: Berkshire Hathaway Inc.: key financials ($)
Table 8: Berkshire Hathaway Inc.: key financial ratios
Table 9: MetLife, Inc.: key facts
Table 10: MetLife, Inc.: key financials ($)
Table 11: MetLife, Inc.: key financial ratios
Table 12: The Northwestern Mutual Life Insurance Company: key facts
Table 13: State Farm Mutual Automobile Insurance Company: key facts
Table 14: State Farm Mutual Automobile Insurance Company: key financials ($)
Table 15: State Farm Mutual Automobile Insurance Company: key financial ratios
List of Figures
Figure 1: North America insurance market value: $ billion, 2013-17
Figure 2: North America insurance market category segmentation: % share, by value, 2017
Figure 3: North America insurance market geography segmentation: % share, by value, 2017
Figure 4: North America insurance market share: % share, by value, 2017
Figure 5: North America insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in North America, 2017
Figure 7: Drivers of buyer power in the insurance market in North America, 2017
Figure 8: Drivers of supplier power in the insurance market in North America, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in North America, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in North America, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in North America, 2017
Figure 12: Berkshire Hathaway Inc.: revenues & profitability
Figure 13: Berkshire Hathaway Inc.: assets & liabilities
Figure 14: MetLife, Inc.: revenues & profitability
Figure 15: MetLife, Inc.: assets & liabilities
Figure 16: State Farm Mutual Automobile Insurance Company: revenues & profitability
Figure 17: State Farm Mutual Automobile Insurance Company: assets & liabilities

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