Global Property and Casualty Insurance Market to grow at a CAGR of 5.77% during the period 2016 - 2020; Finds New Report

Report forecast the Global Property and Casualty Insurance Market to grow at a CAGR of 5.77% during the period 2016-2020.

Property and casualty insurance policies protect against property losses in business, home, or car, or against legal liabilities that may arise from injury or damage caused to the property of others. These policies protect a person or a business with an interest in the insured physical property against losses.

The report covers the present scenario and the growth prospects of the Global Property and Casualty Insurance Market for 2016-2020. To calculate market size, the report considers the net premiums earned from the property and casualty market in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver in the market is the change in customer demographics and economic recovery. The shift in demography has pushed many insurance firms to make use of actuarial and sales model for better pricing. The rise in population of baby-boomers and the emerging generation Y are sparking growth opportunities for different insurance products. It is estimated that a slowdown in the population of insurance buyers may cast a dampening effect on the growth of the insured value for personal line insurance. Growing populations, the expansion of industrialization, the surge in global commercial and entrepreneurial operations, growth in consumer awareness regarding insurance products, and rising disposable incomes across different regions of the globe are forcing the pace of change in the insurance industry. Therefore, brokers that act as intermediaries between the insurer and the insured and insurance companies provide both insurance security support to customers, in addition to various other personalized services.

Further, the report states that one challenge that could hamper market growth is the number of risk variables in the underwriting process.

Global Property and Casualty Insurance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Property and Casualty Insurance Market: Allstate Insurance, Berkshire Hathaway, Liberty Mutual, State Farm, and Travelers.

Other Prominent Vendors in the market are: American International Group, AXA, Chubb’s Federal Insurance, Continental Casualty, Farmers Insurance Group of Companies, Lloyd’s, Munich Re, Nationwide Mutual, State Farm Fire & Casualty, Wells Fargo, and Zurich Insurance Group.

Market driver

• Change in customer demographics and economic recovery
• For a full, detailed list, view our report

Market challenge

• Number of risk variables in the underwriting process
• For a full, detailed list, view our report

Market trend

• Big data analytics
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 107 pages and 38 Exhibit “Global Property and Casualty Insurance Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market outlook of property and casualty insurance, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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