Product Type: Market Research Report
Published by: Plunkett Research, Ltd.
Published: October 2009
Product Code: R207-604Description This summary contains the complete trends and statistics chapters excerpted from Plunkett's Insurance Industry Almanac--a market research guide to the insurance industry. It includes our analysis of the industry's major trends, from the possibility of insurance industry reform in the foreseeable future, to the challenges and opportunities created by aging populations in the industrialzed West, to the vast promise of China, the fastest-growing business market in the world. In addition, we provide statistical tables such as "Top 25 Global Insurance Companies by Revenues, 2008" and "People without Health Insurance for the Entire Year, U.S.: 2007-2008." Wield this tool for strategic planning, business development or industry analysis.
Table of Contents
- Chapter 1: Major Trends Affecting the Insurance Industry
- 1) Introduction to the Insurance Industry
- 2) Aging Populations Create Challenges and Opportunities for the Insurance Industry
- 3) Selling Insurance to Consumers in Discount Stores May Grow
- 4) Sophisticated Risk Management and Prevention Programs Lead to Lower Losses
- 5) Independent Agencies Continue to Dominate Commercial Insurance, but Play a Lesser Role in Personal Lines
- 6) Insurance Direct Selling and E-Commerce Grow
- 7) Technology Drives Efficiencies in Back Office Tasks, Underwriting, Agency Networks and Customer Service
- 8) Homeowner’s Insurance Passes More Risk to the Policy Holders and Relies on Sophisticated Risk Analysis Tools to Set Rates
- 9) Insurance Industry Mergers and Acquisitions Continue
- 10) No End in Sight to the Growth of Specialized Insurance Lines
- 11) Variable Annuity Accounts Decline in Value/New Product Strategies Evolve
- 12) Major U.S., Japanese and European Insurance Firms See Vast Promise in the Chinese and Southeast Asia Market
- 13) Insurers Target Developing Markets
- 14) Continued Rise in Health Care Costs
- 15) Employers Push Health Care Costs onto Employees/On-Site Clinics Begin to Appear
- 16) Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages
- 17) Medicare Changes Include Drug Benefits for Seniors/Medicare Advantage Offers Private Fee
- for Service Plans
- 18) Hedge Funds Enter the Reinsurance Field in a Big Way
- 19) Credit Default Swaps (CDS) and Derivatives Soar into the Trillions of Dollars
- Chapter 2: Insurance Industry Statistics
- Insurance Industry Overview
- Major Insurance-Related Merger & Acquisition Deals, U.S.: 2008
- Top 25 Global Insurance Companies by Revenues: 2008
- Top 20 Global Property & Casualty Insurance Companies by Revenues: 2008
- Assets & Liabilities of U.S. Property-Casualty Insurance Companies: 2003-2nd Quarter 2009
- Typical U.S. Automobile Insurance Costs, per Year: 2009
- Top 20 Global Life Insurance Companies by Revenues: 2008
- Assets & Liabilities of U.S. Life Insurance Companies: 2003-2nd Quarter 2009
- Top 20 Global Health Insurance Companies by Revenues: 2008
- Employers' Costs for Health Insurance, Amount & Percent of Total Compensation, U.S. Selected Years 2005-2009
- The Nation's Health Dollar: 2009, Where It Came From (Estimated)
- People without Health Insurance for the Entire Year, U.S.: 2007-2008
- Percent of Persons under Age 65 without Health Insurance Coverage, by Age Group & Sex: U.S.: 2008
- Percent of Persons under Age 65 with Public Health Plan Coverage & Private Health Insurance Coverage by Age Group, U.S.: 1997-2008
- Employment in the Insurance Industry, U.S.: 2001-2008
- Employment & Earnings in Insurance Industry Occupations, U.S.: May 2008
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