“• The US has one of the world’s largest and most advanced life insurance segments. It is highly competitive and fragmented, with the 10 leading companies accounting for of 53.5% of the segment’s direct written premium in 2013.
• The life segment accounted for 27.1% of the overall insurance industry’s gross written premium in 2013.
• Agencies were the largest distribution channel for the life segment in the US. The channel accounted for 53.4% of the segment’s new business gross written premium in 2013, which is expected to grow to 53.5% by 2018.
• The average life expectancy in the US increased from 78.2 years in 2009 to 78.6 years in 2013. It is further expected to reach 79.3 years in 2018.
• The investment in life products by US households fell to a 50-year low from 55% in 1992 to 44% in 2010.
• The general annuity category accounted for 23.0% of the life segment’s total gross written premium in 2013.
• The US insurance industry showed signs of recovery in 2010 with improvements in its performance, and posted a review-period CAGR of 3.0%.
• E-commerce’s market share in terms of gross written premium from new business measured 1.7% in 2013, and is expected to increase to 1.8% in 2018.”
