Insurance in the United States

Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). 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 $1,469.4bn in 2018, representing a compound annual growth rate (CAGR) of 3.7% between 2014 and 2018.

– The non-life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $876.0bn, equivalent to 59.6% of the market's overall value.

– Growth of the US market has been spurred by demand for accident and health non-life insurance products, as well as motor insurance.

Scope

– 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

Reasons to buy

- What was the size of the United States insurance market by value in 2018?

- What will be the size of the United States insurance market in 2023?

- What factors are affecting the strength of competition in the United States insurance market?

- How has the market performed over the last five years?

- Who are the top competitiors in the United States's insurance market?

Companies mentioned

State Farm Mutual Automobile Insurance Co

Berkshire Hathaway Inc

MetLife Inc

The Northwestern Mutual Life Insurance Co

Table of Contents

Table of Contents

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 has been the recent M&A activity?

8 Company Profiles

8.1. State Farm Mutual Automobile Insurance Co

8.2. Berkshire Hathaway Inc

8.3. MetLife Inc

8.4. The Northwestern Mutual Life Insurance Co

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

List of Tables

Table 1: United States insurance market value: $ billion, 2014-18

Table 2: United States insurance market category segmentation: $ billion, 2018

Table 3: United States insurance market geography segmentation: $ billion, 2018

Table 4: United States insurance market value forecast: $ billion, 2018-23

Table 5: United States insurance market share: % share, by value, 2018

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: MetLife Inc: key facts

Table 12: MetLife Inc: Annual Financial Ratios

Table 13: MetLife Inc: Key Employees

Table 14: MetLife Inc: Key Employees Continued

Table 15: The Northwestern Mutual Life Insurance Co: key facts

Table 16: The Northwestern Mutual Life Insurance Co: Key Employees

Table 17: The Northwestern Mutual Life Insurance Co: Key Employees Continued

Table 18: United States size of population (million), 2014-18

Table 19: United States gdp (constant 2005 prices, $ billion), 2014-18

Table 20: United States gdp (current prices, $ billion), 2014-18

Table 21: United States inflation, 2014-18

Table 22: United States consumer price index (absolute), 2014-18

Table 23: United States exchange rate, 2014-18

List of Figures

List of Figures

Figure 1: United States insurance market value: $ billion, 2014-18

Figure 2: United States insurance market category segmentation: % share, by value, 2018

Figure 3: United States insurance market geography segmentation: % share, by value, 2018

Figure 4: United States insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in the United States, 2018

Figure 6: Drivers of buyer power in the insurance market in the United States, 2018

Figure 7: Drivers of supplier power in the insurance market in the United States, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United States, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in the United States, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in the United States, 2018

Figure 11: United States insurance market share: % share, by value, 2018

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