Plunkett's Insurance Industry Trends & Statistics 2013: A Summary of Plunkett's Insurance Industry Almanac 2013
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Key Features:
• Industry trends analysis, market data and competitive intelligence• Market forecasts and Industry Statistics• Buyer may register for access to search and export data at Plunkett Research Online• Link to our 5-minute video overview of this industry
Pages: 57
Statistical Tables Provided: 16
Geographic Focus: Global
A condensed market research report excerpted from Plunkett's Insurance Industry Almanac 2013, including forecasts and market estimates, technologies analysis and vital statistical tables. You will gain vital insights that can help you shape your own strategy for business development, product development and investments. -How is the industry evolving? -How is the industry being shaped by new technologies? -How is demand growing in emerging markets and mature economies?-What is the size of the market now and in the future?
Contents, Statistics, Forecasts and Analysis Include:
Major Trends Affecting the Insurance Industry
1) Introduction to the Insurance Industry
2) Aging Populations Create Challenges and Opportunities for the Insurance Industry
3) Sophisticated Risk Management and Prevention Programs Lead to Lower Losses
4) Risk Managers Seek Certification
5) Independent Agencies Continue to Dominate Commercial Insurance, but Play a Lesser Role in Personal Lines
6) Insurance Direct Selling and E-Commerce Grow
7) Technology Drives Efficiencies in Back Office Tasks, Underwriting, Agency Networks and Customer Service
8) States Pick Up Some Wind and Flood Risk for Homeowners/Underwriters Rely on Sophisticated Risk Analysis Technology to Set Rates
9) Insurance Industry Mergers and Acquisitions Continue After the Financial Crisis
10) No End in Sight to the Growth of Specialized Insurance Lines
11) Annuity Account Managers Create New Product Strategies
12) Major U.S., Japanese and European Insurance Firms See Vast Promise in the Chinese and Southeast Asian Market
13) Insurance Firms Target Markets in Emerging Nations
14) Continued Rise in Health Care Costs
15) Vast Number of Uninsured and Underinsured Americans
16) U.S. Health Care Reform Act of 2010 Set to Bring Big Changes
17) Employers Push Health Care Costs onto Employees
18) Insurance Companies Change Strategies Due to Health Care Reform Act
19) Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages
20) Hedge Funds Play a Major Role in Financial Products Including Derivatives, Lending and Insurance
21) Credit Default Swaps (CDS) and Derivatives Soar into the Trillions of Dollars
22) Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $18.5 Trillion
23) 2010 Reform Act Increases Regulation of Financial Industry, including Banks, Investment Companies and Insurance Firms
Insurance Industry Statistics 1) Insurance Industry Overview 2) Assets & Liabilities of U.S. Property-Casualty Insurance Companies: 2007-1st Quarter 2012 3) Typical U.S. Automobile Insurance Costs, per Year: 2012 4) Assets & Liabilities of U.S. Life Insurance Companies: 2007-1st Quarter 2012 5) Employers' Costs for Health Insurance, Amount & Percent of Total Compensation, U.S.: Selected Years, 2005-2012 6) The Nation's Health Dollar: 2012 Where It Came From (Estimated) 7) Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.: 1999-2011 8) Number & Percent of Persons of All Ages without Health Insurance Coverage, by Race/Ethnicity, U.S.: 2002-2011 9) Number & Percent of Persons without Health Insurance Coverage, by Age Group, U.S.: 1999-2011 10) Number & Percent of Persons without Health Insurance Coverage, by Age Group & Sex: U.S.: 2011 11) Affordable Care Act Overview12) Medical Care Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2012 13) Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2012 14) Life Expectancy at Age 65, U.S.15) Employment in the Insurance Industry, U.S.: 2004-2011 16) Employment & Earnings in Insurance Industry Occupations, U.S.: May 2011
Table of Contents
PLUNKETT'S INSURANCE INDUSTRYTRENDS & STATISTICS 2013CONTENTSChapter 1: Major Trends Affecting the Insurance Industry 11) Introduction to the Insurance Industry 22) Aging Populations Create Challenges and Opportunities for the Insurance Industry 53) Sophisticated Risk Management and Prevention Programs Lead to Lower Losses 54) Risk Managers Seek Certification 65) Independent Agencies Continue to Dominate Commercial Insurance, but Play a LesserRole in Personal Lines 66) Insurance Direct Selling and E-Commerce Grow 77) Technology Drives Efficiencies in Back Office Tasks, Underwriting, Agency Networksand Customer Service 98) States Pick Up Some Wind and Flood Risk for Homeowners/Underwriters Rely onSophisticated Risk Analysis Technology to Set Rates 119) Insurance Industry Mergers and Acquisitions Continue After the Financial Crisis 1310) No End in Sight to the Growth of Specialized Insurance Lines 1311) Annuity Account Managers Create New Product Strategies 1412) Major U.S., Japanese and European Insurance Firms See Vast Promise in the Chineseand Southeast Asian Market 1513) Insurance Firms Target Markets in Emerging Nations 1614) Continued Rise in Health Care Costs 1615) Vast Number of Uninsured and Underinsured Americans 1716) U.S. Health Care Reform Act of 2010 Set to Bring Big Changes 1817) Employers Push Health Care Costs onto Employees 2118) Insurance Companies Change Strategies Due to Health Care Reform Act 2119) Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is CappingAwards for Damages 2220) Hedge Funds Play a Major Role in Financial Products Including Derivatives, Lendingand Insurance 2421) Credit Default Swaps (CDS) and Derivatives Soar into the Trillions of Dollars 2522) Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top$18.5 Trillion 2723) 2010 Reform Act Increases Regulation of Financial Industry, including Banks,Investment Companies and Insurance Firms 28Chapter 2: Insurance Industry Statistics 31Insurance Industry Overview 32Assets & Liabilities of U.S. Property-Casualty Insurance Companies: 2007-1st Quarter 2012 33Typical U.S. Automobile Insurance Costs, per Year: 2012 34Assets & Liabilities of U.S. Life Insurance Companies: 2007-1st Quarter 2012 35Employers' Costs for Health Insurance, Amount & Percent of Total Compensation,U.S.: Selected Years, 2005-2012 36The Nation's Health Dollar: 2012 Where It Came From (Estimated) 37Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.:1999-2011 38Number & Percent of Persons of All Ages without Health Insurance Coverage,by Race/Ethnicity, U.S.: 2002-2011 39Number & Percent of Persons without Health Insurance Coverage,by Age Group, U.S.: 1999-2011 40Number & Percent of Persons without Health Insurance Coverage,by Age Group & Sex: U.S.: 2011 41Affordable Care Act Overview 42Medical Care Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2012 44Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2012 45Life Expectancy at Age 65, U.S. 46Employment in the Insurance Industry, U.S.: 2004-2011 47Employment & Earnings in Insurance Industry Occupations, U.S.: May 2011 48
Companies Mentioned
AAA (American Automobile Association)
ACE Limited (ACE Group)
AEGON NV
Aetna Inc
AFLAC Inc
Ageas
AIG American General
Alexander Forbes Limited
Alfa Insurance
Alleghany Corp
Allianz Life Insurance Company of North America
Allianz SE
Allied World Assurance Company Holdings AG
Allstate Corporation (The)
Alterra Capital Holdings Ltd
Ambac Financial Group Inc
American Family Insurance Group
American Fidelity Assurance Company
American Financial Group Inc
American Heritage Life Investment Corp
American International Group (AIG)
American National Insurance Company
American Service Insurance Company
American United Mutual Insurance Holding Co
AMERIGROUP Corporation
Ameriprise Financial Inc
Amica Mutual Insurance Company
AmTrust Financial Services Inc
Aon Benfield
Aon Corporation
Arch Capital Group Ltd
Argo Group International Holdings Ltd
Arkansas Blue Cross and Blue Shield
Arthur J Gallagher & Co
Aspen Insurance Holdings Ltd
Assicurazioni Generali SpA
Assurant Employee Benefits
Assurant Health
Assurant Inc
Assured Guaranty Ltd
Assured Guaranty Municipal Holdings Inc
Atlantic American Corp
Auto-Owners Insurance Group
Aviva plc
AvMed Health Plan
AXA Equitable Life Insurance Company
AXA Financial Inc
AXA PPP Healthcare
AXA SA
AXA UK plc
AXIS Capital Holdings Limited
Bank of America Corp
Berkshire Hathaway Inc
BioScrip Inc
Blue Care Network of Michigan
Blue Cross and Blue Shield Association
Blue Cross and Blue Shield of Florida
Blue Cross and Blue Shield of Georgia
Blue Cross and Blue Shield of Kansas
Blue Cross and Blue Shield of Louisiana
Blue Cross and Blue Shield of Massachusetts
Blue Cross and Blue Shield of Michigan
Blue Cross and Blue Shield of Minnesota
Blue Cross and Blue Shield of Montana
Blue Cross and Blue Shield of Nebraska
Blue Cross and Blue Shield of North Carolina
Blue Cross and Blue Shield of Oklahoma
Blue Cross and Blue Shield of Tennessee
Blue Cross and Blue Shield of Texas
Blue Cross and Blue Shield of Vermont
Blue Cross and Blue Shield of Wyoming
Blue Cross of California
Blue Cross of Idaho
Blue Shield of California
BMS Group
BOC Hong Kong (Holdings) Ltd
British United Provident Association (BUPA)
Brown & Brown Inc
Bupa Health Insurance (Thailand) Ltd
Canada Life Financial Corporation (The)
Capital BlueCross
Capitol Insurance Companies
Cardif Pinnacle
CareFirst Inc
Centene Corporation
Chartis Insurance
China Life Insurance Company Ltd
China Pacific Insurance Group Co Ltd
Chubb Corporation (The)
CIGNA Behavioral Health
CIGNA Corp
Cincinnati Financial Corporation
CNA Financial Corp
CNO Financial Group Inc
CNP Assurance SA
Combined Insurance Company of America
Concentra Inc
ConnectiCare Inc
Cooper Gay Swett & Crawford Ltd
Co-Operators Group Limited
CorVel Corp
COUNTRY Insurance and Financial Services
Coventry Health Care Inc
Crum & Forster Holdings Inc
CUNA Mutual Group
Dai-Ichi Mutual Life Insurance Company
DeCare International
Delphi Financial Group Inc
Delta Dental Plans Association
Dental Benefits Providers Inc
Desjardins Financial Security Life Assurance Company
Desjardins General Insurance Group
Direct Line Insurance plc
Dongbu Insurance Co Ltd
DST Systems Inc
Ebix Inc
EHealth Inc
EmblemHealth Inc
Endurance Specialty Holdings Ltd
Erie Insurance Group
Essence Group Holding Corp
Everest Re Group Ltd
Express Scripts Inc
EyeMed Vision Care LLC
Fairfax Financial Holdings Ltd
Farm Family Holdings Inc
Farmers Group Inc
FBL Financial Group Inc
Federated Insurance Company
Fidelity National Financial Inc
First American Financial Corporation
First Choice Health Network Inc
First Health Group Corp
Fiserv Inc
FM Global
Gallagher Heath
GEICO Corporation
General Casualty Insurance Companies
General Re Corporation
Genworth Financial Inc
GMAC Insurance Personal Lines
Golden Rule Insurance Company
Grange Mutual Casualty Company
Great American Financial Resources Inc
Great-West Life Assurance Company
Great-West Lifeco Inc
Group Health Cooperative of Puget Sound
Group Health Incorporated
Guardian Life Insurance Company of America
Guidewire Software Inc
Hannover Re
Hanover Insurance Group Inc (The)
Hanwha General Insurance Co Ltd
Harleysville Group Inc
Hartford Financial Services Group Inc (The)
Harvard Pilgrim Health Care Inc
HCC Insurance Holdings Inc
Health Care Service Corporation (HCSC)
Health Net Inc
HealthMarkets Inc
HealthNow New York
Healthways Inc
Highmark Inc
HMS Holdings Corp
Horace Mann Educators Corporation
Horizon Healthcare Services Inc
HSB Group Inc
HSBC Holdings plc
Hub International Limited
Humana Inc
Hyundai Marine & Fire Insurance Co Ltd
Independence Holding Co
Industrial Alliance Insurance & Financial Services
Infinity Property and Casualty Corp
ING Group (ING Groep NV)
ING Life Ltd
ING North America Insurance Corp
Jackson National Life Insurance Company
Japan Post Holdings Co
Jardine Lloyd Thompson Group
John Hancock Financial Services Inc
Kaiser Permanente
Kansas City Life Insurance Company
Kemper Corporation
Kingsway Financial Services Inc
Korean Reinsurance Company
Legal & General Group PLC
Liberty Mutual Group Inc
Liberty National Life Insurance Company
Life Quotes Inc
Lifetime Healthcare Companies (The)
Lincoln National Corporation
Lloyds Banking Group plc
Lloyds of London
Loews Corporation
Manulife Financial Corporation
MAPFRE USA Corp
Markel Corporation
Marsh & Mclennan Companies Inc
MassMutual Financial Group
MBIA Inc
Medco Health Solutions Inc
Medical Mutual of Ohio
Meiji Yasuda Life Insurance Company
Mercer LLC
Mercury General Corp
MetLife Inc
Metropolitan Health Networks Inc
MGIC Investment Corp
Mid Atlantic Medical Services Inc
Midland National Life Insurance Company
Molina Healthcare Inc
Monumental Life Insurance Company
MS&AD Insurance Group Holdings Inc
Munich Re Group
Munich Reinsurance America Inc
Mutual of America Life Insurance Company
Mutual of Omaha Companies (The)
National Life Group
National Security Group Inc (The)
National Western Life Insurance Company
Nationwide Financial Network
Nationwide Financial Services Inc
Nationwide Mutual Insurance Co
New Jersey Manufacturers Insurance Company
New York Life Insurance Co
Nippon Life Insurance Company
Noridian Mutual Insurance Company
Northwestern Mutual Life Insurance Co
Odyssey Re Holdings Corp
Ohio Casualty Insurance Company
Old Mutual plc
Old Republic International Corp
OneBeacon Insurance Group Ltd
ORIX Corporation
Pacific Mutual Holding Co
PartnerRe Ltd
Penn Mutual Life Insurance Company
Philadelphia Consolidated Holding Corp
Phoenix Companies Inc (The)
Physicians Mutual Insurance Company
Ping An Insurance (Group) Co of China Ltd
Platinum Underwriters Holdings Ltd
PMA Companies Inc
PMI Group Inc (The)
Power Financial Corporation
Premera Blue Cross
Preserver Group Inc
Presidential Life Corporation
Primerica Inc
Principal Financial Group (The)
ProAssurance Corp
Progressive Corporation (The)
Protective Life Corp
Prudential Financial Inc
Prudential plc
Radian Group Inc
Regence Group (The)
Reinsurance Group of America Inc
RenaissanceRe Holdings Ltd
RSA Insurance Group plc
Safeco Insurance Company of America
SafeGuard Health Enterprises Inc
Safeway Insurance Group
Sammons Enterprises Inc
Samsung Fire & Marine Insurance Co Ltd
Samsung Life Insurance Co Ltd
SCOR SE
Securian Financial Group Inc
Security Benefit Group of Companies
Selective Insurance Group Inc
Sentry Insurance
Seven & I Holdings Co Ltd
Sompo Japan Insurance Inc
Sony Financial Holdings Inc
Sony Life Insurance
StanCorp Financial Group Inc
Standard Life plc
State Auto Financial Corp
State Compensation Insurance Fund
State Farm Insurance Companies
Stewart Information Services Corp
Sun Life Financial Inc
Swiss Reinsurance Company
Thrivent Financial for Lutherans
TIAA-CREF
Tokio Marine Holdings Inc
Torchmark Corp
Towers Watson & Co
Transamerica
Transatlantic Holdings Inc
Travelers Companies Inc (The)
Trustmark Companies
Tufts Associated Health Plans
UnitedHealth Group Inc
UnitedHealthcare Community & State
UnitedHealthcare National Accounts
UnitedHealthcare Services Company of the River Valley
Universal American Corporation
Unum Group
USAA
USI Holdings Corporation
Verisk Analytics Inc
Vision Service Plan
W R Berkley Corporation
Warrantech Corporation
WellCare Health Plans Inc
WellPoint Inc
Wells Fargo & Co
Wells Fargo Insurance Services
Western & Southern Financial Group
Westfield Group
White Mountains Insurance Group Ltd
Willis Group Holdings Ltd
XL Group plc
XL Reinsurance America Inc
Zenith National Insurance Corp
Zurich Insurance Group Ltd
Zurich North America
To order this report:: Plunkett's Insurance Industry Trends & Statistics 2013: A Summary of Plunkett's Insurance Industry Almanac 2013
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