United States Insurance Industry Update Quarter 3 2012

United States Insurance Industry Update Quarter 3 2012 Add to your bookmarks!

$ 1 088 - May 2013 - by Business Monitor International - 128

Summary

Table of Contents

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Data Series

Industry

Insurance

Country

United States

Keywords

Non-life Premium
Healthcare Insurance

Companies

Sun Life Assurance Company of Canada U.S.
Hartford Underwriters Insurance Co.
Maryland Casualty Co.
Allstate Corp.
Healthcare Insurance
Manulife MFC Investment Mgt
Prudential PLC

Includes 3 FREE quarterly updates

Key Insights On The US Insurance Sector
The United States Insurance Report considers the prospects for both life and non-life (property & casualty
and health) insurers. As of early 2013, the newsflow continues to highlight the strength of both major
segments - in face of substantial challenges.
In spite of a patchy economy and an interest rate environment that reduces demand for (and/or profits from)
particular products, most leading life insurance companies are reporting higher sales volumes (and/or
prices) for their offerings - with fixed annuities being the main exception. The implication is that the
industry continues to enjoy the trust and support of households and businesses at a time that the numbers of
people who are at or near retirement age is growing. Several of the leading life insurance companies (and
non-life companies) have been buying back stock. The US treasury has been making a profitable exit from
its various exposures to AIG. In what should be seen as a sign of confidence, AIG (which is one of the
companies that has been buying back stock) has announced that its global non-life and US life operations
will be rebranded AIG and AIG Life & Retirement respectively. Prudential Financial's agreement to buy
the individual life operations of The Hartford, in a deal, which closed in early 2013, is another landmark.

BMI Industry View 7
Table: Total Premiums, 2010-2017 8
SWOT 9
Insurance 9
Political 12
Economic 13
Business Environment 14
Industry Forecast 15
Life 15
Table: Life Premiums, 2010-2017 17
Non Life 18
Table: Non Life Premiums, 2010-2017 21
Industry Risk Reward Ratings 22
Developed States Insurance Risk/Reward Ratings 22
Table: Developed States Insurance Risk/Reward Ratings 22
USA Insurance Risk/Reward Ratings 23
Table: United States Insurance Risk/Reward Rating 23
Market Overview 25
Life Sector Update 25
Table: Breakdown Of Life/Health Insurance By Major Lines - Direct Written Premiums, 2010 (US$mn) 27
Non Life Sector Update 27
Industry Trends And Developments 30
Life Growth Drivers And Risk Management Projections 30
Population 30
Table: Insurance Key Drivers, Demographics, 2010-2017 30
Non Life Growth Drivers And Risk Management Projections 31
Macroeconomic Outlook 32
Table: United States - GDP By Expenditure, Real Growth % 35
Political Stability Outlook 35
Table: Developed States Security Risk Ratings (scores out of 100, with 100 the best) 37
Healthcare Insurance 37
Epidemiology 41
Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017 42
Motor 43
Table: Insurance Key Drivers, Autos 2010-2017 44
Competitive Landscape 46
Company Profile 51
ACE 51
AGEON 56
AIG 59
Allianz 64
Allstate Corporation 67
AXA 70
Catlin Group 74
Great-West Lifeco Inc 77
Manulife Financial 81
MetLife ALICO 84
New York Life 87
PartnerRe 90
Prudential Financial 93
Prudential plc 98
State Farm 102
Sun Life Financial 106
XL Group 109
Zurich Insurance Group 113
Regional Overview 117
Developed States Life Sector Overview 117
Table: Developed States Life Premiums, 2010-2017 117
Developed States Non Life Sector Overview 119
Table: Developed States Non Life Premiums, 2010-2017 (US$mn) 119
Demographic Forecast 121
Table: The United States' Population By Age Group, 1990-2020 ('000) 122
Table: The United States' Population By Age Group, 1990-2020 (% of total) 123
Table: The United States' Key Population Ratios, 1990-2020 124
Table: The United States' Rural And Urban Population, 1990-2020 124
Methodology 125
Insurance Risk/Reward Ratings 126
Table: Insurance Risk/Reward Ratings Indicators And Rationale 127
Weighting 128
Table: Weighting Of Indicators 128

Insurance in United States

United States Insurance Be Rating, %

$ 250
Industry data
February 2013

Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI

Industries : Insurance
Countries : United States

United States Insurance Market, %

$ 250
Industry data
February 2013

Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI

Industries : Insurance
Countries : United States

United States Non-life Market, Limits Of Potential Returns, %

$ 250
Industry data
February 2013

Yearly, From 2011 To 2012
By Business Monitor International
Source: BMI

Industries : Insurance
Countries : United States

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