#automobile insurance companies
Automobile Insurance in the US: Market Research Report
Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends
Automobile Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Feb 2015
Road to recovery: Providers will benefit from more car purchases and higher interest rates
Industry Analysis & Industry Trends
Over the five years to 2020, revenue for the Automobile Insurance industry is forecast to increase as continued improvements in the macroeconomic landscape benefit investment conditions for auto insurers. Given that the majority of auto insurer assets are invested in bonds, forecast increases in interest rates will likely boost investment gains. Despite this trend, consolidation in the industry is expected to continue, with larger operators viewing strategic acquisitions as a lucrative method to expand their share of the market. purchase to read more
The Automobile Insurance industry is in the mature stage of its economic life cycle; this stage is characterized by relatively few changes in product lines, stable major markets and intensified merger and acquisition activity. Industry value added (IVA), which measures an industry’s contribution to the overall economy, is expected to increase at an annualized rate of 2.2% during the 10 years to 2020. In contrast, US GDP is projected to grow at an annualized rate of 2.5% during the same period. Typically, an industry is considered to be in the mature phase of its life cycle when growth in IVA trends with GDP growth over a 10-year period.
The industry offers a range of automobile coverage options, including liability, collision and comprehensive insurance products. purchase to read more
What is the Automobile Insurance Industry?