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Life Insurance in the US, Key Trends and Opportunities to 2020

Life Insurance in the US, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in the US, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the US life insurance segment, and a comparison of the US insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the US economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in the US, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the US life insurance segment, including:

  • An overview of the US life insurance segment
  • The US life insurance segment’s growth prospects by category
  • A comprehensive overview of the US economy and demographics
  • A comparison of the US life insurance segment with its regional counterparts
  • The various distribution channels in the US life insurance segment
  • Details of the competitive landscape in the life insurance segment in the US
  • Details of regulatory policy applicable to the US insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in the US:
  • It provides historical values for the US life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the US life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the US life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in the US.
  • It profiles the top life insurance companies in the US and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the US life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the US life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the US insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The life segment accounted for 34.6% of the industry's gross written premium in 2015.
  • Individual life insurance remained the largest category during the review period, accounting for 60.3% of the life gross written premium in 2015.
  • The US life segment is highly competitive and fragmented, with the 10 leading insurers accounting for 47.7% of gross written premium in 2015.
  • Bancassurance and brokers registered respective review-period CAGRs of 1.3% and 1.1% .
  • Life insurance penetration stood at 3.4% in 2015.


  • Key Facts and Highlights
    • Table US Life Insurance - Key Facts, 2015
    • Table US Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table US Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table US Life Insurance - Gross Written Premium (US$ Billion), 2011-2015
        • Table US Life Insurance - Penetration (%), 2011-2015
        • Table US Life Insurance - Gross Written Premium (US$ Billion), 2015-2020
        • Table US Life Insurance - Penetration (%), 2015-2020
        • Table US Life Insurance - New Business Direct Written Premium (US$ Billion), 2011-2015
        • Table US Life Insurance - New Business Direct Written Premium (US$ Billion), 2015-2020
        • Table US Life Insurance - Premium per Capita (US$), 2011-2015
        • Table US Life Insurance - Premium per Capita (US$), 2015-2020
      • Claims
        • Table US Life Insurance - Paid Claims (US$ Billion), 2011-2015
        • Table US Life Insurance - Paid Claims (US$ Billion), 2015-2020
      • Assets and investments
        • Table US Life Insurance - Total Assets (US$ Trillion), 2011-2015
        • Table US Life Insurance - Total Assets (US$ Trillion), 2015-2020
        • Table US Life Insurance - Total Investment Income (US$ Billion), 2011-2015
        • Table US Life Insurance - Total Investment Income (US$ Billion), 2015-2020
        • Table US Life Insurance - Investment Portfolio (US$ Billion), 2011-2015
        • Table US Life Insurance - Investment Portfolio (US$ Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table US Life Insurance - Direct Written Premium by Sub-Segment (US$ Billion), 2011-2015
    • Table US Life Insurance - Direct Written Premium by Sub-Segment (US$ Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table US Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2011-2015
        • Table US Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table US Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2011-2015
        • Table US Group Life Insurance - Direct Written Premium by Category (US$ Billion), 2015-2020
      • Penetration
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table US Life Insurance - New Business Direct Written Premium by Distribution Channel (US$ Billion), 2011-2015
      • Table US Life Insurance - New Business Direct Written Premium by Distribution Channel (US$ Billion), 2015-2020
      • Table US Life Insurance - Percentage of New Business Direct Written Premium, by Distribution Channel, 2011-2020
      • Agencies
      • Brokers
      • Bancassurance
      • Direct Marketing
      • E-commerce
  • Competitive Landscape
    • Table US Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Metropolitan Group - company overview
        • Table Metropolitan Group - Key Facts
        • Table Metropolitan Group - Key Financials (US$ Billion), 2011-2015
      • Prudential of America Group - company overview
        • Table Prudential of America Group - Key Facts
        • Table Prudential of America Group - Key Financials (US$ Billion), 2011-2015
      • New York Life Insurance Company - company overview
        • Table New York Life Insurance Company - Key Facts
        • Table New York Life Insurance Company - Key Financials (US$ Billion), 2011-2015
      • Jackson National Life Insurance Company - company overview
        • Table Jackson National Life Insurance Company - Key Facts
        • Table Jackson National Life Insurance Company - Key Financials (US$ Billion), 2011-2015
      • Aegon US Holding Group - company overview
        • Table Aegon US Holding Group - Key Facts
        • Table Aegon US Holding Group - Key Financials (US$ Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table The US - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table The US - Life Insurance Regulatory Framework
      • Property insurance
        • Table The US - Property Insurance Regulatory Framework
        • Table The US - The US TRIP Highlights
      • Motor insurance
        • Table The US - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table The US - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
        • Table The US - Maximum Cover for Motor Third-Party Liability Per Accident by State
      • Health insurance
      • Social insurance system
      • Aviation third-party liability insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • National Association of Insurance Commissioners
      • Federal Insurance Office
      • American Insurance Association
      • National Association of Mutual Insurance Companies
      • Property Casualty Insurers of America
      • Reinsurance Association of America
      • American Council of Life Insurers
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
        • Table The US - California - Statutory Membership in Insurance Associations
      • Foreign ownership
      • Types of license
      • Capital requirements
        • Table The US - California - Minimum Paid-up Share Capital Requirements for Nonlife Insurers
        • Table The US - California - Minimum Paid-up Share Capital Requirements for life Insurers
        • Table The US - New York - Minimum Capital and Surplus Requirement
        • Table The US - New York - Minimum Capital and Surplus Requirement
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
        • Table The US - California - Authorization Fee for Insurers
        • Table The US - California - License Fee for insurance intermediaries
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table The US - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table US Life Insurance - Policies and Premium, 2011-2015
      • Table US Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table US Life Insurance - Claims and Expenses, 2011-2015
      • Table US Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table US Life Insurance - Assets and Investments, 2011-2015
      • Table US Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing
      • Table US Life Insurance - Direct Marketing, 2011-2015
      • Table US Life Insurance - Direct Marketing, 2015-2020
    • Insurance Brokers and Agencies
      • Table US Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table US Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table US Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table US Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Individual Life Insurance
      • Table US Life Insurance - Individual Life Insurance, 2011-2015
      • Table US Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table US Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table US Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table US Life Insurance - Group Life Insurance, 2011-2015
      • Table US Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table US Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table US Life Insurance - Group Life Insurance by Product, 2015-2020
    • Individual Life - Single vs Non-Single Premium
      • Table US Life Insurance - Individual Life Insurance by Premium, 2011-2015
      • Table US Life Insurance - Individual Life Insurance by Premium, 2015-2020
    • Group Life - Single vs Non-Single Premium
      • Table US Life Insurance - Group Life Insurance by Premium, 2011-2015
      • Table US Life Insurance - Group Life Insurance by Premium, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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