Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s United States Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for the United States includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
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Axco’s insurance market report for the United States provides information on property and casualty business in the US at a federal level, and also makes reference to individual states as appropriate.
In 2018 total non-life premium income amounted to USD 667.14bn, a 5.12% increase on the previous year. The US non-life (P&C) insurance market currently consists of more than 2,600 companies, organised into around 1,300 groups.
The US insurance market is the largest, most highly developed and competitive domestic insurance market in the world. It is highly regulated and the P&C market is almost completely in private hands. The federal government's involvement is limited to the National Flood Insurance Program (NFIP), certain parts of the crop insurance market, and the very high-level protection afforded by TRIA, the Terrorism Risk Insurance Act, and its subsequent extensions.
A number of states have developed market mechanisms to ensure that no deserving applicant should be deprived of the right to purchase the "socially significant" classes of insurance, such as workers' compensation and auto insurance, which is an important class but not all states require mandatory third party liability insurance cover.