[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

U.S. Surplus Lines Insurance Market by Coverage (General Business Liability Insurance, Allied Lines Insurance, Fire Insurance, Inland Marine Insurance, Commercial Multi-Peril Insurance, Commercial Auto Insurance, and Others), Distribution Model (Retail Agents, Wholesalers, and Others), and Application (Commercial and Personal): Country Opportunity Analysis and Industry Forecast, 2020–2027

June 2020 | 126 pages | ID: U5EA872DCD6DEN
Allied Market Research

US$ 3,249.00

E-mail Delivery (PDF), Online Subscription, Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
U.S. surplus lines plans are specifically designed for unusual coverages, which involve high-risk and are usually not covered under standard insurance policies. In addition, these types of insurance are based on particular industry and the level of risk involved in the specific coverage. Furthermore, surplus lines include non-traditional coverages and thus, the underwriters in this market are more flexible in terms of coverages, premiums, perils, and others. The insurers offer several plans in several industry verticals; however some of those provide offerings to the selected industries. For instance, Liberty Mutual provides U.S. surplus lines services to environmental, healthcare, real estate, and energy industries. Actors insuring their body parts, skydiving company covering high risk & incidences of liability claims, and builders who are frequently sued take surplus lines insurance coverages in order to negate the risk. Thus, these are some of the U.S. surplus lines insurance coverages in the market.

Rapid growth in mergers & acquisition and development in underwriting divisions in terms of pricing adequacy, risk selection, capacity optimization & coverage designs are some of the factors driving the U.S. surplus lines insurance market growth. In addition, rise in large corporate institutions with high demands for customized underwriting coverages for high value & risks are included in surplus lines portfolio, therefore, becoming major factors for the growth of U.S. surplus lines premium in the market. However, due to highly customized product offerings, implementation of technologies in surplus lines becomes difficult for insurers to execute solutions in the market. Moreover, management of legacy policy & claims systems is another factor limiting the growth of U.S. surplus lines premium in the market. On the contrary, to enhance unique customer & industry segment, the key players are expected to streamline &simplify the distribution channel and to develop better user experience for both the commercial & personal insured in the market. As a result, these are some of the factors expected to provide lucrative opportunities for U.S. surplus lines insurance market in the upcoming years.

The U.S. surplus lines insurance market is segmented on the basis of coverage, distribution model, and application. In terms of coverage, it is segmented into general business liability, fire insurance, inland marine, commercial multi-peril, allied lines, and others. Based on distribution model, the market is segmented into retail agents, wholesalers, and others. On the basis of application, it is bifurcated into commercial and personal.

The report analyses the profiles of key players operating in the market AXA, American International Group, Inc., Aegis Security Insurance Company, Berkshire, Hathaway Inc., Chubb, Lloyd's, ProSight Global, Inc., Swiss Re, The Travelers Indemnity Company, and Zurich. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key benefits for stakeholders
  • The study provides an in-depth analysis of the U.S. surplus lines insurance market along with the current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the U.S. surplus lines insurance market from 2020 to 2027 is provided to determine the market potential.
Key market segments

By Coverage
  • General Business Liability Insurance
  • Allied Lines Insurance
  • Fire Insurance
  • Inland Marine Insurance
  • Commercial Multi-Peril Insurance
  • Commercial Auto Insurance
  • Others
By Distribution Model
  • Retail Agents
  • Wholesalers
  • Others
By Application
  • Commercial
  • Personal
KEY MARKET PLAYERS
  • AXA
  • American International Group, Inc.
  • Aegis Security Insurance Company
  • Berkshire Hathaway Inc.
  • Chubb
  • Lloyd's
  • ProSight Global, Inc.
  • Swiss Re
  • The Travelers Indemnity Company
  • Zurich
CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings
  2.1.1. Top impacting factors
  2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping ATM market
3.3. Market dynamics
  3.3.1. Drivers
    3.3.1.1. Rapid growth of large corporates
    3.3.1.1. Development in underwriting divisions of surplus lines insurance
    3.3.1.2. Increased mergers and acquisitions (M&A)
  3.3.2. Restraints
    3.3.2.1. Management of legacy policy and claims systems
    3.3.2.2. Implementation of technologies in customized solutions
  3.3.3. Opportunities
    3.3.3.1. Invest in developing unique customer and industry segment
    3.3.3.2. Untapped potential of emerging economies
3.4.COVID-19 impact analysis on U.S. surplus lines insurance market
  3.4.1.Impact on surplus lines market size
  3.4.2.Chane in end user trends, budgets, and preferences
  3.4.3.Regulatory framework solving market challenges faced by surplus lines insurance providers
  3.4.4.Economic impact on insurers
  3.4.5.Strategies to tackle negative impact in the industry
  3.4.6.Opportunity window

CHAPTER 4: U.S. SURPLUS LINES INSURANCE MARKET, BY COVERAGES

4.1. Overview
4.2. General Business Liability Insurance
  4.2.1. Key market trends, growth factors, and opportunities
4.3. Allied lines Insurance
4.4. Key market trends, growth factors, and opportunities
4.5. Fire Insurance
  4.5.1. Key market trends, growth factors, and opportunities
4.6. Inland Marine Insurance
  4.6.1. Key market trends, growth factors, and opportunities
4.7. Commercial Multi-Peril Insurance
  4.7.1. Key market trends, growth factors, and opportunities
4.8. Commercial Auto Insurance
  4.8.1. Key market trends, growth factors, and opportunities
4.9. Others
  4.9.1. Key market trends, growth factors, and opportunities

CHAPTER 5: U.S. SURPLUS LINES INSURANCE MARKET, BY DISTRIBUTION MODEL

5.1. Overview
5.2. Retail Agents
  5.2.1. Key market trends, growth factors, and opportunities
5.3. Wholesalers
  5.3.1. Key market trends, growth factors and opportunities
5.4. Others
  5.4.1. Key market trends, growth factors and opportunities

CHAPTER 6: U.S. SURPLUS LINES INSURANCE MARKET, BY APPLICATION

6.1. Overview
6.2. Commercial
  6.2.1. Key market trends, growth factors and opportunities
6.3. Personal
  6.3.1. Key market trends, growth factors and opportunities

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
  7.1.1. Market player positioning, 2019
  7.1.2. Top winning strategies

CHAPTER 8: COMPANY PROFILES

8.1. AXA
  8.1.1. Company overview
  8.1.2. Key executive
  8.1.3. Company snapshot
  8.1.4. Operating business segments
  8.1.5. Product portfolio
  8.1.6. Business performance
8.2. American International Group, Inc.
  8.2.1. Company overview
  8.2.2. Key executive
  8.2.3. Company snapshot
  8.2.4. Operating business segments
  8.2.5. Product portfolio
  8.2.6. Business performance
  8.2.7. Key strategic moves and developments
8.3. Berkshire Hathaway Inc.
  8.3.1. Company overview
  8.3.2. Key executive
  8.3.3. Company snapshot
  8.3.4. Operating business segments
  8.3.5. Product portfolio
  8.3.6. Business performance
  8.3.7. Key strategic moves and developments
8.4. Chubb
  8.4.1. Company overview
  8.4.2. Key executive
  8.4.3. Company snapshot
  8.4.4. Operating business segments
  8.4.5. Product portfolio
  8.4.6. Business performance
8.5. Lloyd's
  8.5.1. Company overview
  8.5.2. Key executive
  8.5.3. Company snapshot
  8.5.4. Product portfolio
8.6. Markel Corporation
  8.6.1. Company overview
  8.6.2. Key executive
  8.6.3. Company snapshot
  8.6.4. Operating business segments
  8.6.5. Product portfolio
  8.6.6. Business performance
8.7. Nationwide Group
  8.7.1. Company overview
  8.7.2. Key executive
  8.7.3. Company snapshot
  8.7.4. Product portfolio
  8.7.5. Business performance
8.8. ProSight Global, Inc.
  8.8.1. Company overview
  8.8.2. Key executive
  8.8.3. Company snapshot
  8.8.4. Product portfolio
  8.8.1. Key strategic moves and developments
8.9. Swiss Re
  8.9.1. Company overview
  8.9.2. Key executive
  8.9.3. Company snapshot
  8.9.4. Product portfolio
  8.9.5. Business performance
8.10. Zurich American Insurance Company
  8.10.1. Company overview
  8.10.2. Key executive
  8.10.3. Company snapshot
  8.10.4. Product portfolio

LIST OF TABLES

TABLE 01. U.S. SURPLUS LINES INSURANCE MARKET REVENUE, BY COVERAGES, 2019–2027 ($MILLION)
TABLE 02. U.S. SURPLUS LINES INSURANCE MARKET REVENUE, BY DISTRIBUTION MODEL, 2019-2027 ($MILLION)
TABLE 03. U.S. SURPLUS LINES INSURANCE MARKET REVENUE, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 04. AXA: KEY EXECUTIVE
TABLE 05. AXA: COMPANY SNAPSHOT
TABLE 06. AXA: OPERATING SEGMENTS
TABLE 07. AXA: PRODUCT PORTFOLIO
TABLE 08. AMERICAN INTERNATIONAL GROUP, INC.: KEY EXECUTIVE
TABLE 09. AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 10. AMERICAN INTERNATIONAL GROUP, INC. OPERATING SEGMENTS
TABLE 11. AMERICAN INTERNATIONAL GROUP, INC.: PRODUCT PORTFOLIO
TABLE 12. BERKSHIRE HATHAWAY INC.: KEY EXECUTIVE
TABLE 13. BERKSHIRE HATHAWAY INC.: COMPANY SNAPSHOT
TABLE 14. BERKSHIRE HATHAWAY INC.: OPERATING SEGMENTS
TABLE 15. BERKSHIRE HATHAWAY INC.: CORPORATION: PRODUCT PORTFOLIO
TABLE 16. CHUBB: KEY EXECUTIVE
TABLE 17. CHUBB: COMPANY SNAPSHOT
TABLE 18. CHUBB: OPERATING SEGMENTS
TABLE 19. CHUBB: PRODUCT PORTFOLIO
TABLE 20. LLOYD’S: KEY EXECUTIVE
TABLE 21. LLOYD’S: COMPANY SNAPSHOT
TABLE 22. LLOYD'S: CORPORATION: PRODUCT PORTFOLIO
TABLE 23. MARKEL CORPORATION: KEY EXECUTIVE
TABLE 24. MARKEL CORPORATION: COMPANY SNAPSHOT
TABLE 25. MARKEL CORPORATION: OPERATING SEGMENTS
TABLE 26. MARKEL CORPORATION: PRODUCT PORTFOLIO
TABLE 27. NATIONWIDE GROUP: KEY EXECUTIVE
TABLE 28. NATIONWIDE GROUP: COMPANY SNAPSHOT
TABLE 29. NATIONWIDE GROUP: PRODUCT PORTFOLIO
TABLE 30. PROSIGHT GLOBAL, INC.: KEY EXECUTIVE
TABLE 31. PROSIGHT GLOBAL, INC.: COMPANY SNAPSHOT
TABLE 32. PROSIGHT GLOBAL, INC.: PRODUCT PORTFOLIO
TABLE 33. SWISS RE: KEY EXECUTIVE
TABLE 34. SWISS RE: COMPANY SNAPSHOT
TABLE 35. SWISS RE: PRODUCT PORTFOLIO
TABLE 36. ZURICH AMERICAN INSURANCE COMPANY: KEY EXECUTIVE
TABLE 37. ZURICH AMERICAN INSURANCE COMPANY: COMPANY SNAPSHOT
TABLE 38. ZURICH AMERICAN INSURANCE COMPANY: CORPORATION: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. GLOBAL ATM MANAGED SERVICES MARKET SNAPSHOT, BY SEGMENTATION
FIGURE 03. GLOBAL ATM MANAGED SERVICES MARKET SNAPSHOT, BY REGION
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. LOW THREAT OF SUBSTITUTES
FIGURE 09. MODERATE INTENSITY OF RIVALRY
FIGURE 10. MODERATE BARGAINING POWER OF BUYERS
FIGURE 11. U.S. SURPLUS LINES INSURANCE MARKET, BY COVERAGES, 2019-2027
FIGURE 12. U.S. SURPLUS LINES INSURANCE MARKET REVENUE, BY DISTRIBUTION MODEL, 2019-2027 ($MILLION)
FIGURE 13. U.S. SURPLUS LINES INSURANCE MARKET REVENUE, BY APPLICATION, 2019-2027 ($MILLION)
FIGURE 14. MARKET PLAYER POSITIONING, 2019
FIGURE 15. TOP WINNING STRATEGIES, BY YEAR, 2018-2020
FIGURE 16. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020
FIGURE 17. TOP WINNING STRATEGIES, BY COMPANY, 2018-2020
FIGURE 18. AXA: NET SALES, 2017–2019 ($MILLION)
FIGURE 19. AXA.: REVENUE SHARE BY SEGMENT (2019)
FIGURE 20. AMERICAN INTERNATIONAL GROUP, INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 21. AMERICAN INTERNATIONAL GROUP, INC.: REVENUE SHARE BY SEGMENT (2019)
FIGURE 22. AMERICAN INTERNATIONAL GROUP, INC.:REVENUE SHARE BY REGION (2019)
FIGURE 23. BERKSHIRE HATHAWAY INC.: NET SALES, 2017–2019 ($MILLION)
FIGURE 24. BERKSHIRE HATHAWAY INC.:REVENUE SHARE BY SEGMENT (2019)
FIGURE 25. CHUBB: NET SALES, 2017–2019 ($MILLION)
FIGURE 26. CHUBB:REVENUE SHARE BY REGION (2019)
FIGURE 27. MARKEL CORPORATION: NET SALES, 2017–2019 ($MILLION)
FIGURE 28. MARKEL CORPORATION:REVENUE SHARE BY SEGMENT(2019)
FIGURE 29. NATIONWIDE GROUP: NET SALES, 2017–2019 ($MILLION)
FIGURE 30. SWISS RE: NET SALES, 2017–2019 ($MILLION)
FIGURE 31. SWISS RE:REVENUE SHARE BY SEGMENT(2019)

COMPANIES MENTIONED

AXA, American International Group, Inc., Aegis Security Insurance Company, Berkshire, Hathaway Inc., Chubb, Lloyd's, ProSight Global, Inc., Swiss Re, The Travelers Indemnity Company, and Zurich.


More Publications