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United States Insurance Report Q3 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 61 pages

BMI View:

Already the largest insurance market globally, the US insurance industry is expected to record steady growth over the medium term, particularly in the larger non-life market. Rising household income rates and positive private consumption trends will support demand for a range of non-life and life products and we expect density rates (premiums per capita) to improve throughout the forecast period between 2016 and 2020. Strongest growth will likely be seen in the health insurance segment, where demand remains high as a significant proportion of the population continues to lack cover due to affordability issues. Steady growth in premiums and the fragmented nature of the market mean that the US is a popular destination for investors and we expect to see a variety of mergers and acquisitions progress in the coming years.


Key Updates And Forecasts
- While the US market has seen a number of high profile mergers in recent months, some major deals have stalled. In late May 2016, Chinese firm Anbang Insurance Group reportedly withdrew its application for
regulatory approval by the New York State Department of Financial Services for the proposed USD1.57bn merger with Fidelity & Guaranty Life, though it does plan to re-submit the application shortly.
- One of the most high-profile mergers which is underway is that of health insurance provider Cigma with Anthem. This merger has recently come under criticism from the California Insurance Commissioner,
Dave Jones, who has recommended the deal be blocked due to competition concerns.

Table Of Contents

United States Insurance Report Q3 2016
BMI Industry View ... 5
Table: Headline Insurance Forecasts (United States 2013-2020) 5
SWOT 7
Insurance . 7
Industry Forecast 9
Life Premiums Forecast .. 9
Table: Life Premiums (United States 2013-2020) 12
Table: Life Insurance Claims (United States 2008-2014) 13
Non-Life Premiums Forecast . 13
Table: Non-Life Premiums (United States 2013-2020) . 16
Table: Non-Life Insurance Claims (United States 2009-2014) . 16
Non-Life Sub-Sector Forecast 17
Table: Non-Life Insurance Premiums by Product Line (United States 2013-2020) 27
Insurance Risk/Reward Index .. 29
Developed States Insurance Risk/Reward Index . 29
Table: Developed States Insurance Risk/Reward Index - Q316 30
Market Overview ... 31
Life Market Overview ... 31
Product Offering 31
Competitive Landscape ... 31
Table: Life Insurance Market (USDmn) 2009-2013 34
Non-Life Market Overview 35
Product Offering 35
Competitive Landscape ... 36
Table: Non-Life Insurance Market (USDmn) 2010-2014 38
Company Profile 40
ACE Group 40
AIG ... 43
MetLife .. 46
New York Life . 49
State Farm . 52
Methodology .. 55
Industry Forecast Methodology 55
Risk/Reward Index Methodology ... 58
Table: Indicators 60
Table: Weighting of Indicators . 61

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Related Market Segments :

General Insurance
Insurance
Life Insurance

ref:plp2016

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