Non-Life Insurance in the US, Key Trends and Opportunities to 2019

Date: 2016-03

“• The non-life segment accounted for 40.0% of the US insurance industry’s gross written premium in 2014.

• The US non-life insurance segment’s penetration of 3.2% in 2014 was the highest in North America.

• The segment’s growth is attributed to the expansion of motor and property insurance due to an increase in car sales and large investments in the property sector.

• Property insurance was the second-largest category in terms of gross written premium, and accounted for 34.3% of the non-life gross written premium in 2014.

• The liability category recorded the highest growth during the review period, at 6.3% of the total gross written premium.

• The US has the world’s largest and most well-established non-life segment.”

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