2013-02-26 01:42:36 - New Financial Services market report from Business Monitor International: "United States Insurance Report Q2 2013"

Key Insights On The US Insurance Sector

The United States Insurance Report considers the prospects for both life and non-life (property & casualty and health) insurers. As of early 2013, the newsflow continues to highlight the strength of both major segments - in face of substantial challenges.

In spite of a patchy economy and an interest rate environment that reduces demand for (and/or profits from) particular products, most leading life insurance companies are reporting higher sales volumes (and/or prices) for their offerings - with fixed annuities being the main exception. The implication is that the industry continues to enjoy the trust and support of households and businesses at a time that the numbers of people who are at or near retirement age

is growing. Several of the leading life insurance companies (and non-life companies) have been buying back stock. The US treasury has been making a profitable exit from its various exposures to AIG. In what should be seen as a sign of confidence, AIG (which is one of the companies that has been buying back stock) has announced that its global non-life and US life operations will be rebranded AIG and AIG Life & Retirement respectively. Prudential Financial's agreement to buy the individual life operations of The Hartford, in a deal, which closed in early 2013, is another landmark.


Full Report Details at
- www.fastmr.com/prod/541294_united_states_insurance_report_q2_201 ..


The property/casualty insurers, which are the main element of the non-life segment as BMI defines it, prospered in 2012. According to the Insurance Information Institute, it is possible that the aggregate profits of the property/casualty companies for the year as a whole will exceed the highs achieved in 2010. Policyholders' surplus suffered in 2011 as a result of the massive catastrophe losses in the US and elsewhere. However, the property/casualty companies have recouped the fall in surplus, and more, in H112 and Q312. At the time of writing, it is not yet clear what will be the final scale of losses arising from Hurricane Sandy, but we remain cautiously optimistic that profitability for most players will be (significantly) higher in 2012 than it was in 2011. The property/casualty companies have continued to benefit from firming rates for most individual lines. Rates for commercial lines have also returned to growth. The low interest rate environment has crimped investment earnings - but has been far from disastrous.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
SWOT
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Life Premiums, 2010-2017
- Non Life
- Table: Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Table: United States Insurance Risk/Reward Rating
- Table: Developed States Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Table: Breakdown Of Life/Health Insurance By Major Lines - Direct Written Premiums, 2010 (US$mn)
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers And Risk Management Projections
- Population
- Table: Insurance Key Drivers, Demographics, 2010-2017
- Non Life Growth Drivers And Risk Management Projections
- Macroeconomic Outlook
- Table: United States - GDP By Expenditure, Real Growth %
- Political Stability Outlook
- Table: Table: Developed States Security Risk Ratings (scores out of 100, with 100 the best)
- Healthcare Insurance
- Epidemiology
- Table: Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Motor
- Table: Insurance Key Drivers, Autos 2010-2017
Competitive Landscape
Company Profile
- ACE
- AGEON
- AIG
- Allianz
- Allstate Corporation
- AXA
- Catlin Group
- Great-West Lifeco Inc
- Manulife Financial
- MetLife ALICO
- New York Life
- PartnerRe
- Prudential Financial
- Prudential plc
- State Farm
- Sun Life Financial
- XL Group
- Zurich Insurance Group
Regional Overview
- Developed States Life Sector Overview
- Table: Developed States Life Premiums, 2010-2017
- Developed States Non Life Sector Overview
- Table: Developed States Non-Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Table: The United States' Population By Age Group, 1990-2020 ('000)
- Table: The United States' Population By Age Group, 1990-2020 (% of total)
- Table: The United States' Key Population Ratios, 1990-2020
- Table: The United States' Rural And Urban Population, 1990-2020
Methodology
- Insurance Risk/Reward Ratings
- Table: Insurance Risk/Reward Ratings Indicators And Rationale
- Weighting
- Table: Weighting Of Indicators

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