Summary

North America Non-Life Insurance Market to 2027

Summary

Non-Life Insurance in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The North American non-life insurance market had total gross written premiums of $2,101.3 billion in 2022, representing a compound annual growth rate (CAGR) of 7.7% between 2017 and 2022.
- The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $374.3 billion, equivalent to 17.8% of the market's overall value.
- Non-life insurance coverage in the US population is high as compared to Canada and Mexico. According to in-house research, in 2022, non-life insurance penetration (ratio of premiums to GDP) in the US was 6.7% as compared to 2.6% in Canada and 1.3% in Mexico.

Scope

- Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in North America
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America non-life insurance market with five year forecasts by both value and volume

Reasons to Buy

- What was the size of the North America non-life insurance market by value in 2022?
- What will be the size of the North America non-life insurance market in 2027?
- What factors are affecting the strength of competition in the North America non-life insurance market?
- How has the market performed over the last five years?
- How large is North America’s non-life insurance market in relation to its regional counterparts?

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Table of Contents

Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. Have there been any recent developments in the market?
8 Company Profiles
8.1. Berkshire Hathaway Inc
8.2. Liberty Mutual Insurance Co
8.3. State Farm Mutual Automobile Insurance Co
8.4. The Progressive Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine