Property Insurance Market to Grow at 5.6% CAGR to 2020

May 16, 2016, 06:00 ET from ReportsnReports

PUNE, India, May 16, 2016 /PRNewswire/ --

Global property insurance market 2016 - 2020 research shows use of data analytics and predictive modeling strategies as upcoming trends in the insurance industry. 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.

Complete report on property insurance market spread across 55 pages, analyzing 4 major companies and providing 20 data exhibits now available at http://www.reportsnreports.com/reports/541854-global-property-insurance-market-2016-2020.html

The analysts forecast global property insurance market to grow at a CAGR of 5.6% during the period 2016-2020. According to the 2016 report, a key driver growth of property insurance market 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' 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.

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. Global Property Insurance Market 2016-2020, has been prepared based on an in-depth 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 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. Order a copy of Global Property Insurance Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=541854 .

Further, the property insurance market report states that one challenge that would impact market growth is the effect of pricing and rating systems used by the insurance industry.

Another related report is Global Aerospace Insurance Market 2015-2019, the analysts forecast the Global Aerospace Insurance market to grow at a CAGR of -7.20 percent over the period 2014-2019. The report covers the present scenario and the growth prospects of the Global Aerospace Insurance market for the period 2015-2019. The market can be segmented into three: Manufacturers, Airports, and Service Providers. Browse complete report @ http://www.reportsnreports.com/reports/344838-global-aerospace-insurance-market-2015-2019.html

Key players in the global aerospace insurance market: Aerospace Insurance Managers Inc., Allianz Group (Operates in the Aerospace Insurance market through its subsidiary Allianz Global Corporate and Specialty SE), American International Group Inc., Aon plc, Global Aerospace Inc. and Marsh Ltd. Other prominent vendors in the market are: Aviation Insurance, Catlin, Willis and XL.

Explore other new reports on Banking and Financial Services Market @ http://www.reportsnreports.com/market-research/banking-services/.

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