Over the past five years, revenue growth for the Property, Casualty and Direct Insurance industry has been stifled by a soft-pricing cycle, historically low interest rates and volatile equity markets. These lingering effects of the subprime mortgage crisis have constrained both premium and investment income for industry firms, which were forced into aggressive price competition over the period and struggled to rebuild balance sheets after catastrophic losses. Nevertheless, stable demand for insurance has allowed revenue to grow modestly since 2010. As the economy continues to recover over the next five years, a rebound in premium prices is expected to result in faster industry growth.
Operators in this industry are primarily engaged in underwriting insurance policies that protect individuals, businesses and agencies against losses that occur as a result of property damage, liability or other risks. Industry participants also protect real estate owners or creditors against losses sustained as a result of any title defect to real property. This industry does not include insurance coverage for life, disability, accidental death, dismemberment or health risks.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.