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Property Insurance Market Analysis, Outlook and Professional Survey Report 2016

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Technavio recognizes the following companies as the key players in the Global Property Insurance Market: American International Group, Allstate Insurance, Berkshire Hathaway Homestate, and Liberty Mutual Insurance.
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Global Property Insurance Market Share, Size, Trends,
Growth, Analysis, Outlook and Overview Research Report
Technavio Announces the Publication of its Research Report – Global Property Insurance Market 20162020
Technavio recognizes the following companies as the key players in the Global Property Insurance
Market: American International Group, Allstate Insurance, Berkshire Hathaway Homestate, and Liberty
Mutual Insurance.
Other Prominent Vendors in the market are: State Farm Fire & Casualty Co., Nationwide Mutual
Insurance Co., Farmers Insurance Group of Companies, Chubb’ s Federal Insurance Co., CNA Financial
Corp.’ s Continental Casualty Company, Wells Fargo, Munich Re, Zurich Insurance Group, AXA, and
Lloyd’ s.
Commenting on the report, an analyst from Technavio’ s team said: “An upcoming trend in the
insurance industry is the use of data analytics and predictive modeling strategies. Many top analytics
companies are tying ups with property insurance firms to improve the underwriting profits and also to
lower the loss ratio. Customers are demanding innovative solutions and telematics in the commercial
property policy and commercial package offered. This will also help customers to get useful insights
about the portfolio metrics and risks associated and thereby identifying the pricing inadequacy and the
profitability.”
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According to the report, a key driver of market growth is the use of risk management tools. The property
insurance vendors are looking for strong investment returns that they can reinvest to get higher yields.
This brings in profitability to the system. Therefore, it is important that the vendors meet the customers'
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demand while challenging the increased risk and uncertainty. For instance, PACE is an advanced
software application tool that integrates the management of the property risk survey reports and
evaluates it. Its advanced security features include a hierarchy permission based system that gives full
access to customers' data. Such features ensure transparency in the risk management solutions.
Further, the report states that one challenge that would impact market growth is the effect of pricing
and rating systems used by the insurance industry.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors in the report global miscellaneous
property insurance market
About Property Insurance
A property insurance policy covers any loss or damage to personal or commercial property. It also
insures against loss or damage to the contents that are kept on the property and are under the control
of the customers. However, if the property is given on rent or lease, the owner is expected to take
appropriate insurance by the terms of the lease or contract. The more kind of loss the policy covers, the
higher the premium.
Technavio’ s analysts forecast the global property insurance market to grow at a CAGR of 5.6% during
the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global property insurance
market for 2016-2020. To calculate the market size, the report considers two types of property
insurance premium: personal and commercial.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Property Insurance Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
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•
•
•
•
Allstate Insurance
American International Group (AIG)
Berkshire Hathaway Homestate
Liberty Mutual
Other prominent vendors
• State Farm Fire & Casualty Co.
• Nationwide Mutual Insurance Co.
• Farmers Insurance Group of Companies
• Chubb’ s Federal Insurance Co.
• CAN Financial Corp.’ s Continental Casualty Company
• Wells Fargo
• Munich Re
• Zurich Insurance Group
• AXA
• Lloyd’ s
Market driver
• Risk management tools
• For a full, detailed list, view our report
Market challenge
• Effect of pricing and rating system
• For a full, detailed list, view our report
Market trend
• Data analytics and predictive modeling strategy
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’ s time when you purchase this market report. Details are
provided within the report.
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