North America Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The North American non-life insurance market had total gross written premiums of $2,291.2 million in 2022, representing a compound annual growth rate (CAGR) of 5.3% between 2017 and 2022.
- The Property segment accounted for market's the largest proportion in 2022, with total gross written premiums of $853 million, equivalent to 37.2% of the market's overall value.
- The North American non-life insurance market had moderate growth of 3.1% in 2022, as compared to a high of 8.3% growth in 2021.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in North America
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America non-life insurance market with five year forecasts
- What was the size of the North America non-life insurance market by value in 2022?
- What will be the size of the North America non-life insurance market in 2027?
- What factors are affecting the strength of competition in the North America non-life insurance market?
- How has the market performed over the last five years?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Berkshire Hathaway Inc
- 8.2. Liberty Mutual Insurance Co
- 8.3. State Farm Mutual Automobile Insurance Co
- 8.4. The Progressive Corp
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: North America non-life insurance market value: $ billion, 2017-22(e)
- Table 2: North America non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: North America non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: North America non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: North America non-life insurance market value forecast: $ billion, 2022-27
- Table 6: North America non-life insurance market share: % share, by value, 2022(e)
- Table 7: Berkshire Hathaway Inc: key facts
- Table 8: Berkshire Hathaway Inc: Annual Financial Ratios
- Table 9: Berkshire Hathaway Inc: Key Employees
- Table 10: Liberty Mutual Insurance Co: key facts
- Table 11: Liberty Mutual Insurance Co: Key Employees
- Table 12: Liberty Mutual Insurance Co: Key Employees Continued
- Table 13: State Farm Mutual Automobile Insurance Co: key facts
- Table 14: State Farm Mutual Automobile Insurance Co: Key Employees
- Table 15: The Progressive Corp: key facts
- Table 16: The Progressive Corp: Annual Financial Ratios
- Table 17: The Progressive Corp: Key Employees
- Table 18: The Progressive Corp: Key Employees Continued
- Table 19: North America exchange rate, 2017–21
- List of Figures
- Figure 1: North America non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: North America non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: North America non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: North America non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in North America, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in North America, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in North America, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in North America, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in North America, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in North America, 2022
- Figure 11: North America non-life insurance market share: % share, by value, 2022(e)
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