Now Available: United States Insurance Report Q2 2016

The outlook for the insurance industry in the US remains largely positive. Both the life and non-life sector are expected to record steady premium growth over the forecast period between 2016 and 2020, though the maturity of the market and high levels of competition will keep premium growth in the low single digits. Driving this growth is a generally positive economic outlook, with private consumption set to rise as oil prices fall, household income rates rise and employment rates improve, all of which will lead to increased demand for a number of life and non-life products. Both the life and non-life markets are highly fragmented, indicating scope remains for further consolidation via mergers and acquisitions.

Full Report Details at
- http://www.fastmr.com/prod/1152907_united_states_insurance.aspx?afid=301

Key Updates And Forecasts

A number of high-profile mergers are underway in the US insurance industry. One major deal was completed in January 2016 when ACE completed the acquisition of Chubb. ACE reportedly paid around USD29.5bn for Chubb (in cash and stock), and in future ACE will be operating under the Chubb name globally. Other mergers, such as that of Cigna with Anthem and Aetna with Humana, are still awaiting regulatory approval, including at the federal level.

We are broadly maintaining our current forecasts for growth in the life sector, with premiums expected to grow by an annual average of 4.2% over the forecast period, increasing from USD530.7bn in 2016 to USD625.5bn in 2020.

Somewhat slower annual average growth of 3.5% will be seen in the larger non-life sector, where premiums are currently forecast to grow from USD799.3bn in 2016 to USD931.7bn in 2020 - one of the largest non-life markets in the world.

The United States Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.

BMI's United States Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the American insurance industry.

Key Benefits
Benchmark BMI's independent insurance industry forecasts for United States to test other views - a key input for successful budgeting and strategic business planning in United States's insurance market.
Target business opportunities and risks in United States through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)