As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

United States property & casualty insurance market is expected to witness substantial CAGR during the forecast period. Double-digit premium growth, lower catastrophe losses, and an improved auto market are some key contributing factors to the growth in U.S. property and casualty insurance market. Insurers are using big data analytics to enhance their performance. Big data is being used in claim management, pricing, underwriting and risk selection, among others. This growth is mainly driven by increasing points of contact including social media, which provides a bulk of data that can be transformed into insights and leveraged by insurers to efficiently execute the settlement process.

Property & casualty insurance market supports US consumers and businesses by facilitating protection against damage caused by a variety of incidents including car accidents, medical malpractices and catastrophe. This makes the industry a crucial part of risk management in the domestic economy of United States. With thriving economy of the country, the property & casualty insurance market is anticipated to register significant growth in the coming years.

The United States property & casualty insurance market is categorized based on insurance type, end user, distribution channel and region. Based on insurance type, the market can be segmented into automobile, home, office and others. Among them, the automobile segment is expected to witness high growth during the forecast period owing to the growth in automobile industry.

Major players operating in the United States property & casualty insurance market include Berkshire Hathaway Inc., American International Group Inc., Liberty Mutual Holding Company Inc., The Progressive Corporation, The Travelers Companies Inc., United Services Automobile Association, Farmers Group Inc., American Family Mutual Insurance Company S.I., W. R. Berkley Corporation and American Financial Group Inc. The market is fragmented despite the recent increases in the federal funds rate, the interest rates remain near historically low levels.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of United States property & casualty insurance market from 2015 to 2018.
  • To estimate and forecast the market size of United States property & casualty insurance market from 2019 to 2025 and growth rate until 2025.
  • to classify and forecast United States property & casualty insurance market based on insurance type, end user, distribution channel, company and regional distribution.
  • To identify dominant region or segment in the United States property & casualty insurance market.
  • To identify drivers and challenges for United States property & casualty insurance market.
  • To examine competitive developments such as expansions, mergers & acquisitions, etc., in United States property & casualty insurance market.
  • To conduct pricing analysis for United States property & casualty insurance market.
  • To identify and analyze the profile of leading players operating in United States property & casualty insurance market.
  • To identify key sustainable strategies adopted by market players in United States property & casualty insurance market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of property & casualty insurance providers across United States. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the presence of all major players across the country.

TechSci Research calculated the market size of United States property & casualty insurance market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these services and end users for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Property & casualty insurance service providers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to property & casualty insurance
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as property & casualty insurance service providers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United States property & casualty insurance market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Property & Casualty Insurance Market, By Insurance Type:
    • Automobile
    • Home
    • Office
    • Others
  • United States Property & Casualty Insurance Market, By End User:
    • OEMs
    • Aftermarket
  • United States Property & Casualty Insurance Market, By Distribution Channel:
    • Direct
    • Agency
    • Banks
    • Others
  • United States Property & Casualty Insurance Market, By Region:
    • Wales
    • England
    • Scotland
    • Northern Ireland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States property & casualty insurance market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States Property & Casualty Insurance Market

4.    Executive Summary

5.    Voice of Customer

6.    United States Property & Casualty Insurance Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1.     By Insurance Type (Automobile, Home, Office, Others)

6.2.2.     By End User (OEMs, Aftermarket)

6.2.3.     By Distribution Channel (Direct, Agency, Banks, Others)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Product Market Map

7.    United State Automobile Property & Casualty Insurance Market Outlook

7.1.  Market Size & Forecast

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1.     By End User

7.2.2.     By Distribution Channel

8.    United States Home Property & Casualty Insurance Market Outlook

8.1.  Market Size & Forecast

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1.     By End User

8.2.2.     By Distribution Channel

9.    United States Office Property & Casualty Insurance Market Outlook

9.1.  Market Size & Forecast

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1.     By End User

9.2.2.     By Distribution Channel

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Pricing Analysis

12.  Market Trends & Development

13.  Policy & Regulatory Landscape

14.  United States Economic Profile

15.  Competitive Landscape

15.1.              Competition Outlook (Top Companies)

15.1.1.  Berkshire Hathaway Inc.

15.1.2.  American International Group Inc.

15.1.3.  Liberty Mutual Holding Company Inc.

15.1.4.  The Progressive Corporation

15.1.5.  The Travelers Companies Inc.

15.1.6.  United Services Automobile Association

15.1.7.  Farmers Group Inc.

15.1.8.  American Family Mutual Insurance Company S.I.

15.1.9.  W. R. Berkley Corporation

15.1.10.                American Financial Group Inc.

16.  Strategic Recommendations

17.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

 

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com