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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the US' non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in the US' insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the US non-life (P&C) market as well as trends by line of business. Axco analysts also report on the US' economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes the US' insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in the US, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in the US, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in the United States with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The US non-life insurance market, known there and referred to in this report as the property and casualty (P&C) market, is the largest, most highly developed and competitive domestic insurance market in the world.
The P&C market is almost completely in private hands and the federal government's involvement is limited to the National Flood Insurance Program (NFIP). The US non-life insurance market currently consists of more than 2,600 companies, organised into around 1,300 groups. In 2019 the top 100 group companies accounted for 88% of the total gross written premium and the top 10 wrote 48.3%. A number of states have developed market ....
This is a brief extract of information; more updated information may be available in the latest published report.
