North America Non-Life Insurance Âé¶¹Ô´´ to 2027
Summary
Non-Life Insurance in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The North American non-life insurance market had total gross written premiums of $2,101.3 billion in 2022, representing a compound annual growth rate (CAGR) of 7.7% between 2017 and 2022.
- The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $374.3 billion, equivalent to 17.8% of the market's overall value.
- Non-life insurance coverage in the US population is high as compared to Canada and Mexico. According to in-house research, in 2022, non-life insurance penetration (ratio of premiums to GDP) in the US was 6.7% as compared to 2.6% in Canada and 1.3% in Mexico.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in North America
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America non-life insurance market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the North America non-life insurance market by value in 2022?
- What will be the size of the North America non-life insurance market in 2027?
- What factors are affecting the strength of competition in the North America non-life insurance market?
- How has the market performed over the last five years?
- How large is North America’s non-life insurance market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
1.1. Âé¶¹Ô´´ value
1.2. Âé¶¹Ô´´ value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Âé¶¹Ô´´ share
1.6. Âé¶¹Ô´´ rivalry
1.7. Competitive landscape
2 Âé¶¹Ô´´ Overview
2.1. Âé¶¹Ô´´ definition
2.2. Âé¶¹Ô´´ analysis
3 Âé¶¹Ô´´ Data
3.1. Âé¶¹Ô´´ value
4 Âé¶¹Ô´´ Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Âé¶¹Ô´´ Outlook
5.1. Âé¶¹Ô´´ 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. Âé¶¹Ô´´ share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. Have there been any recent developments in the market?
8 Company Profiles
8.1. Berkshire Hathaway Inc
8.2. Liberty Mutual Insurance Co
8.3. State Farm Mutual Automobile Insurance Co
8.4. The Progressive Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Âé¶¹Ô´´Line research
10.4. About Âé¶¹Ô´´Line
List of Tables
List of Tables
Table 1: North America non-life insurance market value: $ billion, 2017–22
Table 2: North America non–life insurance market category segmentation: % share, by value, 2017–2022
Table 3: North America non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: North America non–life insurance market geography segmentation: $ billion, 2022
Table 5: North America non-life insurance market value forecast: $ billion, 2022–27
Table 6: North America non-life insurance market share: % share, by value, 2022
Table 7: Berkshire Hathaway Inc: key facts
Table 8: Berkshire Hathaway Inc: Annual Financial Ratios
Table 9: Berkshire Hathaway Inc: Key Employees
Table 10: Liberty Mutual Insurance Co: key facts
Table 11: Liberty Mutual Insurance Co: Key Employees
Table 12: Liberty Mutual Insurance Co: Key Employees Continued
Table 13: Liberty Mutual Insurance Co: Key Employees Continued
Table 14: State Farm Mutual Automobile Insurance Co: key facts
Table 15: State Farm Mutual Automobile Insurance Co: Key Employees
Table 16: State Farm Mutual Automobile Insurance Co: Key Employees Continued
Table 17: The Progressive Corp: key facts
Table 18: The Progressive Corp: Annual Financial Ratios
Table 19: The Progressive Corp: Key Employees
Table 20: The Progressive Corp: Key Employees Continued
Table 21: North America exchange rate, 2018–22
List of Figures
List of Figures
Figure 1: North America non-life insurance market value: $ billion, 2017–22
Figure 2: North America non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: North America non–life insurance market geography segmentation: % share, by value, 2022
Figure 4: North America non-life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the non-life insurance market in North America, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in North America, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in North America, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in North America, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in North America, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in North America, 2022
Figure 11: North America non-life insurance market share: % share, by value, 2022
Berkshire Hathaway Inc
Liberty Mutual Insurance Co
State Farm Mutual Automobile Insurance Co
The Progressive Corp
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*If Applicable.