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Non-Life Insurance North America (NAFTA) Industry Guide 2020-2029

Publisher MarketLine
Published Dec 24, 2025
Length 282 Pages
SKU # MTLN20937369

Description

Non-Life Insurance North America (NAFTA) Industry Guide 2020-2029

Summary

The NAFTA Non-Life Insurance industry profile provides top-line qualitative and quantitative summary information including: market size (value , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The non-life insurance industry within the NAFTA countries had a total market value of $2,450.7 billion in 2024.The Mexico was the fastest growing country, with a CAGR of 17.5% over the 2020-24 period.
  • Within the non-life insurance industry, the US is the leading country among the NAFTA bloc, with market revenues of $2,358.6 billion in 2024. This was followed by Canada and Mexico, with a value of $63.3 and $28.8 billion, respectively.
  • The US is expected to lead the non-life insurance industry in the NAFTA bloc, with a value of $3,213.1 billion in 2029, followed by Canada and Mexico with expected values of $80.0 and $43.4 billion, respectively.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA non-life insurance market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA non-life insurance market
  • Leading company profiles reveal details of key non-life insurance market players’ NAFTA operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA non-life insurance market with five year forecasts
  • Compares data from the US, Canada and Mexico, alongside individual chapters on each country
Reasons to Buy
  • What was the size of the NAFTA non-life insurance market by value in 2024?
  • What will be the size of the NAFTA non-life insurance market in 2029?
  • What factors are affecting the strength of competition in the NAFTA non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the NAFTA non-life insurance market?

Table of Contents

282 Pages
1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA Non-Life Insurance
2.1. Industry Outlook
3 Non-Life Insurance in Canada
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Non-Life Insurance in Mexico
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Non-Life Insurance in The United States
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Company Profiles
9.1. Intact Insurance Co
9.2. Lloyd's Underwriters
9.3. Aviva Insurance Company of Canada
9.4. Co-operators General Insurance Co
9.5. Groupama Assurances Mutuelles
9.6. Covea Mutual Insurance Group Co
9.7. Allianz SE
9.8. AXA SA
9.9. R+V Versicherung AG
9.10. Talanx AG
9.11. Assicurazioni Generali SpA
9.12. UnipolSai Assicurazioni SpA
9.13. Tokio Marine Holdings Inc
9.14. Sompo Holdings, Inc.
9.15. MS&AD Insurance Group Holdings, Inc.
9.16. AlfaStrakhovanie Group
9.17. Ingosstrakh Joint-Stock Insurance Co Ltd
9.18. SOGAZ Insurance Group
9.19. RESO-Garantiya
9.20. Direct Line Insurance Group Plc
9.21. Aviva Plc
9.22. Admiral Group Plc
9.23. State Farm Mutual Automobile Insurance Co
9.24. Berkshire Hathaway Inc
9.25. Allstate Insurance Company
9.26. The Progressive Corp
9.27. AXA Seguros SA de CV
9.28. MetLife Mexico SA
9.29. Qualitas Controladora SAB de CV
9.30. Grupo Nacional Provincial SAB
9.31. Allianz Seguros SA
9.32. Mapfre Seguros
9.33. Porto Seguro SA
9.34. Bradesco Seguros SA
9.35. Huatai Insurance Group Co Ltd
9.36. Ping An Insurance (Group) Company of China Ltd
9.37. The People's Insurance Company (Group) of China Ltd
9.38. China Pacific Insurance (Group) Co Ltd
9.39. United India Insurance Co Ltd
9.40. The Oriental Insurance Company Ltd.
9.41. ICICI Lombard General Insurance Co Ltd
9.42. Hollard Insurance Group
9.43. OUTsurance Insurance Company Ltd
9.44. Guardrisk Insurance Company Ltd
9.45. Santam Ltd
9.46. If P&C Insurance Holding Ltd
9.47. Fennia Group
9.48. OP Corporate Bank Plc
9.49. Tapiola General Mutual Insurance Company
9.50. PT Asuransi Central Asia
9.51. PT Zurich Asuransi Indonesia Tbk
9.52. PT Asuransi Multi Artha Guna Tbk
9.53. PT Asuransi Ramayana Tbk
9.54. ASR Nederland NV
9.55. Achmea BV
9.56. NN Group NV
9.57. If Skadeforsikring NUF
9.58. Gjensidige Forsikring ASA
9.59. Tryg Forsikring A/S
9.60. DNB Bank ASA
9.61. AIG Asia Pacific Insurance Pte. Ltd.
9.62. Income Insurance Ltd
9.63. Chubb Insurance Singapore Ltd
9.64. The Cigna Group
9.65. Meritz Fire & Marine Insurance Co Ltd
9.66. Hyundai Marine & Fire Insurance Co Ltd
9.67. Samsung Fire & Marine Insurance Co Ltd
9.68. KB Financial Group Inc
9.69. Mapfre SA
9.70. Grupo Mutua Madrilena
9.71. Folksam
9.72. Lansforsakringar AB
9.73. If Skadeforsakring AB
9.74. Trygg-Hansa Forsskrings AB
9.75. Turkiye Sigorta AS
9.76. Anadolu Anonim Turk Sigorta Sirketi
9.77. AAI Limited
9.78. Allianz Australia Limited
9.79. QBE Insurance Group Ltd
9.80. Insurance Australia Group Ltd
9.81. Topdanmark AS
9.82. Codan Forsikring AS
9.83. Alm Brand AS
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: NAFTA countries non-life insurance industry, revenue ($bn), 2020-29
Table 2: NAFTA countries non-life insurance industry, revenue ($bn), 2020-24
Table 3: NAFTA countries non-life insurance industry forecast, revenue ($bn), 2024-29
Table 4: Canada non-life insurance market value: $ billion, 2019-24
Table 5: Canada non-life insurance market category segmentation: % share, by value, 2019-24
Table 6: Canada non-life insurance market category segmentation: $ billion, 2019-24
Table 7: Canada non-life insurance market geography segmentation: $ billion, 2024
Table 8: Canada non-life insurance market value forecast: $ billion, 2024-29
Table 9: Canada Size of Population (Million), 2020-24
Table 10: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 11: Canada GDP (Current Prices, $ Billion), 2020-24
Table 12: Canada Inflation, 2020-24
Table 13: Canada Consumer Price Index (Absolute), 2020-24
Table 14: Canada Exchange Rate, 2019-24
Table 15: Mexico non-life insurance market value: $ billion, 2019-24
Table 16: Mexico non-life insurance market category segmentation: % share, by value, 2019-24
Table 17: Mexico non-life insurance market category segmentation: $ billion, 2019-24
Table 18: Mexico non-life insurance market geography segmentation: $ billion, 2024
Table 19: Mexico non-life insurance market value forecast: $ billion, 2024-29
Table 20: Mexico Size of Population (Million), 2020-24
Table 21: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 23: Mexico Inflation, 2020-24
Table 24: Mexico Consumer Price Index (Absolute), 2020-24
Table 25: Mexico Exchange Rate, 2019-24
Table 26: United States non-life insurance market value: $ billion, 2019-24
Table 27: United States non-life insurance market category segmentation: % share, by value, 2019-24
Table 28: United States non-life insurance market category segmentation: $ billion, 2019-24
Table 29: United States non-life insurance market geography segmentation: $ billion, 2024
Table 30: United States non-life insurance market value forecast: $ billion, 2024-29
Table 31: United States Size of Population (Million), 2020-24
Table 32: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 33: United States GDP (Current Prices, $ Billion), 2020-24
Table 34: United States Inflation, 2020-24
Table 35: United States Consumer Price Index (Absolute), 2020-24
Table 36: United States Exchange Rate, 2019-24
List of Figures
Figure 1: NAFTA countries non-life insurance industry, revenue ($bn), 2020-29
Figure 2: NAFTA countries non-life insurance industry, revenue ($bn), 2020-24
Figure 3: NAFTA countries non-life insurance industry forecast, revenue ($bn), 2024-29
Figure 4: Canada non-life insurance market value: $ billion, 2019-24
Figure 5: Canada non-life insurance market category segmentation: $ billion, 2019-24
Figure 6: Canada non-life insurance market geography segmentation: % share, by value, 2024
Figure 7: Canada non-life insurance market value forecast: $ billion, 2024-29
Figure 8: Forces driving competition in the non-life insurance market in Canada, 2024
Figure 9: Drivers of buyer power in the non-life insurance market in Canada, 2024
Figure 10: Drivers of supplier power in the non-life insurance market in Canada, 2024
Figure 11: Factors influencing the likelihood of new entrants in the non-life insurance market in Canada, 2024
Figure 12: Factors influencing the threat of substitutes in the non-life insurance market in Canada, 2024
Figure 13: Drivers of degree of rivalry in the non-life insurance market in Canada, 2024
Figure 14: Mexico non-life insurance market value: $ billion, 2019-24
Figure 15: Mexico non-life insurance market category segmentation: $ billion, 2019-24
Figure 16: Mexico non-life insurance market geography segmentation: % share, by value, 2024
Figure 17: Mexico non-life insurance market value forecast: $ billion, 2024-29
Figure 18: Forces driving competition in the non-life insurance market in Mexico, 2024
Figure 19: Drivers of buyer power in the non-life insurance market in Mexico, 2024
Figure 20: Drivers of supplier power in the non-life insurance market in Mexico, 2024
Figure 21: Factors influencing the likelihood of new entrants in the non-life insurance market in Mexico, 2024
Figure 22: Factors influencing the threat of substitutes in the non-life insurance market in Mexico, 2024
Figure 23: Drivers of degree of rivalry in the non-life insurance market in Mexico, 2024
Figure 24: United States non-life insurance market value: $ billion, 2019-24
Figure 25: United States non-life insurance market category segmentation: $ billion, 2019-24
Figure 26: United States non-life insurance market geography segmentation: % share, by value, 2024
Figure 27: United States non-life insurance market value forecast: $ billion, 2024-29
Figure 28: Forces driving competition in the non-life insurance market in the United States, 2024
Figure 29: Drivers of buyer power in the non-life insurance market in the United States, 2024
Figure 30: Drivers of supplier power in the non-life insurance market in the United States, 2024
Figure 31: Factors influencing the likelihood of new entrants in the non-life insurance market in the United States, 2024
Figure 32: Factors influencing the threat of substitutes in the non-life insurance market in the United States, 2024
Figure 33: Drivers of degree of rivalry in the non-life insurance market in the United States, 2024

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