Non-Life Insurance in the United States
Non-Life Insurance in the United States
Summary
Non-Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: 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
Non-Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: 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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2019 annual average exchange rates.
- The US non-life insurance market is expected to generate total gross written premiums of $1,742.5bn in 2020, representing a compound annual growth rate (CAGR) of 2.1% between 2016 and 2020.
- The motor segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $333.7bn, equivalent to 19.2% of the market's overall value.
- High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in the United States
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States non-life insurance market with five year forecasts
- What was the size of the United States non-life insurance market by value in 2020?
- What will be the size of the United States non-life insurance market in 2025?
- What factors are affecting the strength of competition in the United States non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's non-life insurance 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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. State Farm Mutual Automobile Insurance Co
8.2. Berkshire Hathaway Inc
8.3. Liberty Mutual Holding Company Inc
8.4. The Allstate 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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?
8 COMPANY PROFILES
8.1. State Farm Mutual Automobile Insurance Co
8.2. Berkshire Hathaway Inc
8.3. Liberty Mutual Holding Company Inc
8.4. The Allstate 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 non-life insurance market value: $ billion, 2016-20(e)
Table 2: United States non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: United States non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: United States non-life insurance market value forecast: $ billion, 2020-25
Table 5: United States non-life insurance market share: % share, by value, 2020(e)
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: Key Employees
Table 10: Berkshire Hathaway Inc: Key Employees Continued
Table 11: Liberty Mutual Holding Company Inc: key facts
Table 12: Liberty Mutual Holding Company Inc: Key Employees
Table 13: Liberty Mutual Holding Company Inc: Key Employees Continued
Table 14: The Allstate Corp: key facts
Table 15: The Allstate Corp: Key Employees
Table 16: The Allstate Corp: Key Employees Continued
Table 17: United States size of population (million), 2016-20
Table 18: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United States gdp (current prices, $ billion), 2016-20
Table 20: United States inflation, 2016-20
Table 21: United States consumer price index (absolute), 2016-20
Table 22: United States exchange rate, 2015-19
Table 1: United States non-life insurance market value: $ billion, 2016-20(e)
Table 2: United States non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: United States non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: United States non-life insurance market value forecast: $ billion, 2020-25
Table 5: United States non-life insurance market share: % share, by value, 2020(e)
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: Key Employees
Table 10: Berkshire Hathaway Inc: Key Employees Continued
Table 11: Liberty Mutual Holding Company Inc: key facts
Table 12: Liberty Mutual Holding Company Inc: Key Employees
Table 13: Liberty Mutual Holding Company Inc: Key Employees Continued
Table 14: The Allstate Corp: key facts
Table 15: The Allstate Corp: Key Employees
Table 16: The Allstate Corp: Key Employees Continued
Table 17: United States size of population (million), 2016-20
Table 18: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 19: United States gdp (current prices, $ billion), 2016-20
Table 20: United States inflation, 2016-20
Table 21: United States consumer price index (absolute), 2016-20
Table 22: United States exchange rate, 2015-19
LIST OF FIGURES
Figure 1: United States non-life insurance market value: $ billion, 2016-20(e)
Figure 2: United States non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United States non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United States non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in the United States, 2020
Figure 11: United States non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
State Farm Mutual Automobile Insurance Co
Berkshire Hathaway Inc
Liberty Mutual Holding Company Inc
The Allstate Corp
Figure 1: United States non-life insurance market value: $ billion, 2016-20(e)
Figure 2: United States non-life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United States non-life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United States non-life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the non-life insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the non-life insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the non-life insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the non-life insurance market in the United States, 2020
Figure 11: United States non-life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
State Farm Mutual Automobile Insurance Co
Berkshire Hathaway Inc
Liberty Mutual Holding Company Inc
The Allstate Corp
