Insurance in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The US insurance market had total gross written premiums of $2,530.6bn in 2020, representing a compound annual growth rate (CAGR) of 4% between 2016 and 2020.
- The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $1,897.9bn, equivalent to 75% of the market's overall value.
- In recent years, growth in the US insurance market has been supported by innovation and new technologies. This has helped to both expand the potential customer base for insurance companies and to increase the efficiency of operations.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in the United States
- 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 United States insurance market with five year forecasts
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- What will be the size of the United States machinery market in 2025?
- What factors are affecting the strength of competition in the United States machinery market?
- How has the market performed over the last five years?
- Who are the top competitors in the United State's machinery market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. State Farm Mutual Automobile Insurance Co
8.2. Berkshire Hathaway Inc
8.3. New York Life Insurance Co
8.4. The Progressive Corp
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. State Farm Mutual Automobile Insurance Co
8.2. Berkshire Hathaway Inc
8.3. New York Life Insurance Co
8.4. The Progressive Corp
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: United States insurance market value: $ billion, 2016–20
Table 2: United States insurance market category segmentation: $ billion, 2020
Table 3: United States insurance market geography segmentation: $ billion, 2020
Table 4: United States insurance market value forecast: $ billion, 2020–25
Table 5: United States insurance market share: % share, by value, 2020
Table 6: State Farm Mutual Automobile Insurance Co: key facts
Table 7: State Farm Mutual Automobile Insurance Co: Key Employees
Table 8: Berkshire Hathaway Inc: key facts
Table 9: Berkshire Hathaway Inc: Annual Financial Ratios
Table 10: Berkshire Hathaway Inc: Key Employees
Table 11: Berkshire Hathaway Inc: Key Employees Continued
Table 12: New York Life Insurance Co: key facts
Table 13: New York Life Insurance Co: Key Employees
Table 14: New York Life Insurance Co: Key Employees Continued
Table 15: The Progressive Corp: key facts
Table 16: The Progressive Corp: Annual Financial Ratios
Table 17: The Progressive Corp: Key Employees
Table 18: The Progressive Corp: Key Employees Continued
Table 19: United States size of population (million), 2016–20
Table 20: United States gdp (constant 2005 prices, $ billion), 2016–20
Table 21: United States gdp (current prices, $ billion), 2016–20
Table 22: United States inflation, 2016–20
Table 23: United States consumer price index (absolute), 2016–20
Table 24: United States exchange rate, 2016–20
Table 1: United States insurance market value: $ billion, 2016–20
Table 2: United States insurance market category segmentation: $ billion, 2020
Table 3: United States insurance market geography segmentation: $ billion, 2020
Table 4: United States insurance market value forecast: $ billion, 2020–25
Table 5: United States insurance market share: % share, by value, 2020
Table 6: State Farm Mutual Automobile Insurance Co: key facts
Table 7: State Farm Mutual Automobile Insurance Co: Key Employees
Table 8: Berkshire Hathaway Inc: key facts
Table 9: Berkshire Hathaway Inc: Annual Financial Ratios
Table 10: Berkshire Hathaway Inc: Key Employees
Table 11: Berkshire Hathaway Inc: Key Employees Continued
Table 12: New York Life Insurance Co: key facts
Table 13: New York Life Insurance Co: Key Employees
Table 14: New York Life Insurance Co: Key Employees Continued
Table 15: The Progressive Corp: key facts
Table 16: The Progressive Corp: Annual Financial Ratios
Table 17: The Progressive Corp: Key Employees
Table 18: The Progressive Corp: Key Employees Continued
Table 19: United States size of population (million), 2016–20
Table 20: United States gdp (constant 2005 prices, $ billion), 2016–20
Table 21: United States gdp (current prices, $ billion), 2016–20
Table 22: United States inflation, 2016–20
Table 23: United States consumer price index (absolute), 2016–20
Table 24: United States exchange rate, 2016–20
LIST OF FIGURES
Figure 1: United States insurance market value: $ billion, 2016–20
Figure 2: United States insurance market category segmentation: % share, by value, 2020
Figure 3: United States insurance market geography segmentation: % share, by value, 2020
Figure 4: United States insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the United States, 2020
Figure 11: United States insurance market share: % share, by value, 2020
Figure 1: United States insurance market value: $ billion, 2016–20
Figure 2: United States insurance market category segmentation: % share, by value, 2020
Figure 3: United States insurance market geography segmentation: % share, by value, 2020
Figure 4: United States insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the United States, 2020
Figure 11: United States insurance market share: % share, by value, 2020
