Beginning of the bloom: The Rise of the Property and Casualty Insurance Market 2021-2025 | AIG, State Farm, Liberty Mutual, Allstate, Chubb, USAA, Farmers, Zurich, AXA, Allianz
The report covers a forecast and an analysis of the Property and Casualty Insurance Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Property and Casualty Insurance Market along with the impact they have on the demand over the forecast period.
As per the market research study, the property and casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters, such as forest fires, have adversely impacted insurance firm books.
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On the basis of market trends, profitability across Sub-Verticals, Depending on Respective Macroeconomic Factors: As of 2015, this industry reflected a global combined ratio of 98.6%. Highly lucrative in developed markets, P&C has not debuted in a number of APAC and South American markets. This implies virgin markets, which when combined with strong corporate growth forecasted for a number of regions leads us to believe that property and casualty insurance will experience one of the highest growth rates in the insurance market. For now, automobile insurance drives the growth in emerging economies, without a sufficient commercial infrastructure to enable other, more complicated liability insurance types from becoming mainstream.
The most important key factors driving the growth of the Global Property and Casualty Insurance Market are technological disruptions across insurance sub-verticals, changing risk dynamics, and atypical capital access opportunities affect the sub-verticals of the P&C insurance industry in different measures.
In terms of Regional analysis, North America and Europe holds major share in global Property and Casualty Insurance market. Moreover, Asia-Pacific is expected to record higher growth rate in Property and Casualty Insurance Market during the forecast year.
Global Key Players:
1 State Farm
2 Berkshire Hathaway
3 Liberty Mutual
14 China Life Insurance Company Limited
16 Ping An Insurance
17 UnitedHealth Group
19 Prudential plc
20 Aegon and More………………….
Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Property and Casualty Insurance Market Report 2021” @ https://www.businessindustryreports.com/buy-now/263384/single .
Product Type Segmentation
1 Car Insurance
2 Condo Insurance
3 Homeowners Insurance
4 Renters Insurance
International Financial Industry News:
AIG (March 22, 2021) - AIG Life & Retirement Launches New Lifetime Income Benefit for The Power Series of Index Annuities - AIG Life & Retirement, a division of American International Group, Inc. and a leading provider of annuities, today announced a new protected lifetime income benefit for The Power Series of Index Annuities. Available exclusively through independent marketing organizations (IMOs), the new Lifetime Income Choice benefit guarantees income growth and creates added levels of choice and flexibility, including the opportunity to receive more income earlier in retirement.
Lifetime Income Choice offers two options-Max Income and Level Income-to help consumers tailor their income strategy to their individual lifestyle. The Max Income option maximizes income during the early, more active years of retirement, when spending tends to be highest, while Level Income provides a consistent and steady income for life. For enhanced protection in changing markets, both options guarantee income growth every year prior to activating their lifetime income benefit.
“A key part of retirement planning is working with a financial professional to discuss what you want your future to look like and the income you’ll need to make that vision possible,” said Eric Taylor, Senior Vice President, Distribution, and Independent Annuities at AIG. “Everyone’s retirement story is different, so our new Lifetime Income Choice options let consumers select the income strategy that works best for them. We’re excited to partner with IMOs to bring consumers a more flexible income solution to help meet their diverse retirement needs and goals.”
The Power Series of Index Annuities with Lifetime Income Choice are retirement solutions designed for accumulation and income. In addition to securing lifetime income, they offer the potential for tax-deferred growth, based partly on the performance of an index, while protecting principal against market downturns.
Grab Your Report at an Impressive Discount @ https://www.businessindustryreports.com/check-discount/263384 .
Major Points in Table of Contents:
Global Property and Casualty Insurance Market Report 2021
1 Property and Casualty Insurance Product Definition
2 Global Property and Casualty Insurance Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Property and Casualty Insurance Shipments
2.2 Global Manufacturer Property and Casualty Insurance Business Revenue
2.3 Global Property and Casualty Insurance Market Overview
3 Manufacturer Property and Casualty Insurance Business Introduction
3.1 State Farm Property and Casualty Insurance Business Introduction
3.2 Berkshire Hathaway Property and Casualty Insurance Business Introduction
3.3 Liberty Mutual Property and Casualty Insurance Business Introduction
3.4 Allstate Property and Casualty Insurance Business Introduction
3.5 Progressive Property and Casualty Insurance Business Introduction
3.6 Travelers Property and Casualty Insurance Business Introduction
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