Insurance in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The US insurance market had total gross written premiums of $2,530.6bn in 2020, representing a compound annual growth rate (CAGR) of 4% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $1,897.9bn, equivalent to 75% of the market's overall value.
In recent years, growth in the US insurance market has been supported by innovation and new technologies. This has helped to both expand the potential customer base for insurance companies and to increase the efficiency of operations.

Scope

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

Reasons to Buy

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How has the market performed over the last five years?
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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 leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. State Farm Mutual Automobile Insurance Co
8.2. Berkshire Hathaway Inc
8.3. New York Life 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 Research
10.4. About The Publisher

List of Tables

Table 1: United States insurance market value: $ billion, 2016 - 20
Table 2: United States insurance market category segmentation: $ billion, 2020
Table 3: United States insurance market geography segmentation: $ billion, 2020
Table 4: United States insurance market value forecast: $ billion, 2020 - 25
Table 5: United States insurance market share: % share, by value, 2020
Table 6: State Farm Mutual Automobile Insurance Co: key facts
Table 7: State Farm Mutual Automobile Insurance Co: Key Employees
Table 8: Berkshire Hathaway Inc: key facts
Table 9: Berkshire Hathaway Inc: Annual Financial Ratios
Table 10: Berkshire Hathaway Inc: Key Employees
Table 11: Berkshire Hathaway Inc: Key Employees Continued
Table 12: New York Life Insurance Co: key facts
Table 13: New York Life Insurance Co: Key Employees
Table 14: New York Life Insurance Co: Key Employees Continued
Table 15: The Progressive Corp: key facts
Table 16: The Progressive Corp: Annual Financial Ratios
Table 17: The Progressive Corp: Key Employees
Table 18: The Progressive Corp: Key Employees Continued
Table 19: United States size of population (million), 2016 - 20
Table 20: United States gdp (constant 2005 prices, $ billion), 2016 - 20
Table 21: United States gdp (current prices, $ billion), 2016 - 20
Table 22: United States inflation, 2016 - 20
Table 23: United States consumer price index (absolute), 2016 - 20
Table 24: United States exchange rate, 2016 - 20

List of Figures

Figure 1: United States insurance market value: $ billion, 2016 - 20
Figure 2: United States insurance market category segmentation: % share, by value, 2020
Figure 3: United States insurance market geography segmentation: % share, by value, 2020
Figure 4: United States insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in the United States, 2020
Figure 11: United States insurance market share: % share, by value, 2020

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

State Farm Mutual Automobile Insurance Co
Berkshire Hathaway Inc
New York Life Insurance Co
The Progressive Corp

Table Information

Report Attribute	Details
No. of Pages	47
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 2530.57 Billion
Forecasted Market Value ( USD ) by 2025	$ 2978.94 Billion
Compound Annual Growth Rate	3.3%
Regions Covered	United States

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€346EUR$350USD£288GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€691EUR$700USD£575GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€1037EUR$1,050USD£863GBP

Key Highlights

Scope

Reasons to Buy

Table of Contents

Companies Mentioned (Partial List)

Table Information

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