This comprehensive report forecasts the Global Property and Casualty Insurance Market to grow at a CAGR of 5.77% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: An emerging trend in the insurance market is the use of big data analytics. Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many property and casualty insurers are shifting their focus from stand-alone technology projects to an environment where there is continuous technological improvement. Top vendors are executing M&A and joint ventures to reduce costs and ensure smooth integration between data mining and organizational resources. It is therefore important that property and casualty insurance vendors formulate strategies to attract customers. This can be possible only through multiple distribution and communication channels. Many top property and casualty insurance vendors are making use of cost-effective solutions in infrastructure, communications, and analytics.
According to the report, a key growth driver in the market is the change in customer demographics and economic recovery. The shift in demography has pushed many insurance firms to make use of actuarial and sales model for better pricing.
- 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?
- Allstate Insurance
- Berkshire Hathaway
- Liberty Mutual
- State Farm
- American International Group
- Chubb's Federal Insurance
- Continental Casualty
- Farmers Insurance Group of Companies
- Munich Re
- Nationwide Mutual
- State Farm Fire & Casualty
- Wells Fargo
- Zurich Insurance Group
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market outlook of property and casualty insurance
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: About the Author
For more information visit http://www.researchandmarkets.com/research/9s6hdw/global_property
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-property--casualty-insurance-market-cagr-growth-of-577-by-2020---trends-technologies--opportunities-report-2016-2020---key-vendors-liberty-mutual-allstate-insurance-lloyds-300277018.html
SOURCE Research and Markets