Global Direct General Insurance Carriers - Industry Market Research Report

Global Direct General Insurance Carriers - Industry Market Research Report

Global Direct General Insurance Carriers

The Global Direct General Insurance Carriers industry has faced challenges over the past five years, with issues such as a soft insurance market, low interest rates and numerous catastrophes affecting all operators in major markets. However, the rapid growth of emerging markets has slightly offset stagnating mature markets. An expanding middle class in countries like China has increased demand for insurance, driving industry growth. Therefore, global direct general insurance carrier revenue is expected to fall at a CAGR of 1.1% over the past five years – including an estimated 2.9% decrease in the current year – and is expected to total $2.9 trillion in 2023, with profit set to reach 7.7%.

Operators in the Global Direct General Insurance Carriers industry initially underwrite insurance policies relating to property, casualty, liability and other general risks. In underwriting insurance policies, general insurers earn premiums that they then invest to generate additional income. The underwriting of life, disability, health and medical insurance represents a separate industry, although many businesses compete in both insurance markets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.