Market Overview:
The global property and casualty insurance providers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for property and casualty insurance products, owing to the rising frequency of natural disasters and other risks. In addition, the growing awareness about risk management among businesses and individuals is also contributing to the growth of this market. The global property and casualty insurance providers market can be segmented on the basis of type into automobile insurance carriers, malpractice/indemnity insurance carriers, fidelity insurance carriers, mortgage guaranty insurance carriers, homeowners’ insurance carriers surety insurers liability insurers among others. The automobile Insurance Carriers segment is expected to account for a major share in terms of revenue in 2018 owing to high demand for car insurances across different geographies.
Product Definition:
Property and casualty insurance providers are companies that offer insurance products for property and casualty risks. These products can include coverage for homes, cars, businesses, and other types of property. Property and casualty insurance is important because it can help protect people from the financial consequences of damage or loss to their property.
Automobile Insurance Carriers:
Automobile insurance carriers are the intermediaries between two parties, namely the driver and insurer. They have a commission of only 1% to 3% on top of the premium charged by them for providing an additional layer of protection to both drivers and insurers. The main objective of automobile insurance is to ensure that in case of an accident or loss, both driver and vehicle owner/lessee will be covered under comprehensive or liability insurance policy.
Malpractice/Indemnity Insurance Carriers:
Malpractice/Indemnity Insurance Carriers are organizations that provide insurance to the providers of professional services. These professionals include doctors, lawyers, architects, engineers and others. The malpractice/indemnity carriers market is expected to witness significant growth over the forecast period owing to increasing number of service providers coupled with growing demand for professional Liability Insurance and Malpractice Insurance in emerging economies such as India and China.
Application Insights:
The intermediaries application segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The intermediaries provide property insurance, surety bonds, fidelity bonds and other forms of financial guarantees against loss or damage caused by a third party on account of death or injury to person or property arising out of an event such as civil war, rioting etc. The direct selling application segment is expected to witness significant growth over the forecast period owing to increasing penetration in developing countries such as India & China. Direct selling involves offering products through door-to-door sales which has resulted in increased demand for P&C providers across regions worldwide.
Malpractice/Indemnity Insurance Carriers (M&I carriers) are majorly engaged in providing professional liability coverage for doctors, lawyers.
Regional Analysis:
Asia Pacific is expected to register the highest CAGR of XX% during the forecast period, owing to rapid economic growth and increasing per capita income in emerging markets such as China and India. Furthermore, rising demand for property insurance in these countries on account of growing real estate sector will drive regional market growth over the coming years.
North America accounted for a significant revenue share in 2017 owing to high penetration rates of global players along with strong underwriting results by U.S.-based providers American International Group (AIG) and Chubb Ltd., which was later followed by other regions including Europe and Latin America & MEA). However, Asia Pacific is anticipated to emerge as the fastest-growing region during the forecast period due to factors such as improving economic conditions leading towards higher disposable incomes resulting into increased need for property & casualty insurance products among consumers/end users thereby driving industry expansion at an exponential rate from 2018 till 2030 time span.
Growth Factors:
- Increasing demand for property and casualty insurance products due to rising frequency of natural disasters and accidents.
- Growing awareness about the benefits of property and casualty insurance products among consumers.
- Proliferation of online channels through which consumers can purchase property and casualty insurance policies, making it easier for them to compare different policies offered by various providers.
- Rising number of independent brokers who are able to offer a wide range of property and casualty insurance products from multiple providers, thus giving consumers more choice in terms of policy options.
Scope Of The Report
Report Attributes
Report Details
Report Title
Property And Casualty Insurance Providers Market Research Report
By Type
Automobile Insurance Carriers, Malpractice/Indemnity Insurance Carriers, Fidelity Insurance Carriers, Mortgage Guaranty Insurance Carriers, Homeowners Insurance Carriers, Surety Insurance Carriers, Liability Insurance Carriers
By Application
Intermediary, Direct Selling
By Companies
Allstate, Berkshire Hathaway, Liberty Mutual, Travelers Companies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Property And Casualty Insurance Providers Market Report Segments:
The global Property And Casualty Insurance Providers market is segmented on the basis of:
Types
Automobile Insurance Carriers, Malpractice/Indemnity Insurance Carriers, Fidelity Insurance Carriers, Mortgage Guaranty Insurance Carriers, Homeowners Insurance Carriers, Surety Insurance Carriers, Liability Insurance Carriers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Intermediary, Direct Selling
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allstate
- Berkshire Hathaway
- Liberty Mutual
- Travelers Companies
Highlights of The Property And Casualty Insurance Providers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automobile Insurance Carriers
- Malpractice/Indemnity Insurance Carriers
- Fidelity Insurance Carriers
- Mortgage Guaranty Insurance Carriers
- Homeowners Insurance Carriers
- Surety Insurance Carriers
- Liability Insurance Carriers
- By Application:
- Intermediary
- Direct Selling
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Property And Casualty Insurance Providers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Property and casualty insurance providers are companies that offer insurance policies to protect individuals, businesses, and other organizations from losses caused by accidents or natural disasters. These policies can cover a wide range of risks, including property damage, personal injury claims, and business interruption.
Some of the key players operating in the property and casualty insurance providers market are Allstate, Berkshire Hathaway, Liberty Mutual, Travelers Companies.
The property and casualty insurance providers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Property And Casualty Insurance Providers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Property And Casualty Insurance Providers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Property And Casualty Insurance Providers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Property And Casualty Insurance Providers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Property And Casualty Insurance Providers Market Size & Forecast, 2018-2028
4.5.1 Property And Casualty Insurance Providers Market Size and Y-o-Y Growth
4.5.2 Property And Casualty Insurance Providers Market Absolute $ Opportunity
Chapter 5 Global Property And Casualty Insurance Providers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Property And Casualty Insurance Providers Market Size Forecast by Type
5.2.1 Automobile Insurance Carriers
5.2.2 Malpractice/Indemnity Insurance Carriers
5.2.3 Fidelity Insurance Carriers
5.2.4 Mortgage Guaranty Insurance Carriers
5.2.5 Homeowners Insurance Carriers
5.2.6 Surety Insurance Carriers
5.2.7 Liability Insurance Carriers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Property And Casualty Insurance Providers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Property And Casualty Insurance Providers Market Size Forecast by Applications
6.2.1 Intermediary
6.2.2 Direct Selling
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Property And Casualty Insurance Providers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Property And Casualty Insurance Providers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Property And Casualty Insurance Providers Analysis and Forecast
9.1 Introduction
9.2 North America Property And Casualty Insurance Providers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Property And Casualty Insurance Providers Market Size Forecast by Type
9.6.1 Automobile Insurance Carriers
9.6.2 Malpractice/Indemnity Insurance Carriers
9.6.3 Fidelity Insurance Carriers
9.6.4 Mortgage Guaranty Insurance Carriers
9.6.5 Homeowners Insurance Carriers
9.6.6 Surety Insurance Carriers
9.6.7 Liability Insurance Carriers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Property And Casualty Insurance Providers Market Size Forecast by Applications
9.10.1 Intermediary
9.10.2 Direct Selling
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Property And Casualty Insurance Providers Analysis and Forecast
10.1 Introduction
10.2 Europe Property And Casualty Insurance Providers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Property And Casualty Insurance Providers Market Size Forecast by Type
10.6.1 Automobile Insurance Carriers
10.6.2 Malpractice/Indemnity Insurance Carriers
10.6.3 Fidelity Insurance Carriers
10.6.4 Mortgage Guaranty Insurance Carriers
10.6.5 Homeowners Insurance Carriers
10.6.6 Surety Insurance Carriers
10.6.7 Liability Insurance Carriers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Property And Casualty Insurance Providers Market Size Forecast by Applications
10.10.1 Intermediary
10.10.2 Direct Selling
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Property And Casualty Insurance Providers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Property And Casualty Insurance Providers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Property And Casualty Insurance Providers Market Size Forecast by Type
11.6.1 Automobile Insurance Carriers
11.6.2 Malpractice/Indemnity Insurance Carriers
11.6.3 Fidelity Insurance Carriers
11.6.4 Mortgage Guaranty Insurance Carriers
11.6.5 Homeowners Insurance Carriers
11.6.6 Surety Insurance Carriers
11.6.7 Liability Insurance Carriers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Property And Casualty Insurance Providers Market Size Forecast by Applications
11.10.1 Intermediary
11.10.2 Direct Selling
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Property And Casualty Insurance Providers Analysis and Forecast
12.1 Introduction
12.2 Latin America Property And Casualty Insurance Providers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Property And Casualty Insurance Providers Market Size Forecast by Type
12.6.1 Automobile Insurance Carriers
12.6.2 Malpractice/Indemnity Insurance Carriers
12.6.3 Fidelity Insurance Carriers
12.6.4 Mortgage Guaranty Insurance Carriers
12.6.5 Homeowners Insurance Carriers
12.6.6 Surety Insurance Carriers
12.6.7 Liability Insurance Carriers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Property And Casualty Insurance Providers Market Size Forecast by Applications
12.10.1 Intermediary
12.10.2 Direct Selling
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Property And Casualty Insurance Providers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Property And Casualty Insurance Providers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Property And Casualty Insurance Providers Market Size Forecast by Type
13.6.1 Automobile Insurance Carriers
13.6.2 Malpractice/Indemnity Insurance Carriers
13.6.3 Fidelity Insurance Carriers
13.6.4 Mortgage Guaranty Insurance Carriers
13.6.5 Homeowners Insurance Carriers
13.6.6 Surety Insurance Carriers
13.6.7 Liability Insurance Carriers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Property And Casualty Insurance Providers Market Size Forecast by Applications
13.10.1 Intermediary
13.10.2 Direct Selling
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Property And Casualty Insurance Providers Market: Competitive Dashboard
14.2 Global Property And Casualty Insurance Providers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allstate
14.3.2 Berkshire Hathaway
14.3.3 Liberty Mutual
14.3.4 Travelers Companies
