Jan 20, 2020 (Xherald via COMTEX) --
Property & Casualty Insurance Providers Global Market Report 2019 Property and Casualty Insurance Providers are engaged in direct underwriting insurance policies that protect policy holders against future uncertain losses that may occur as a result of property damage or contingent liability. This market includes direct Insurance Providers which underwrite polices for protection against events such as natural calamities, burglary, fire accidents, riots and terrorism related incidents. Clients of these Insurance Providers are the general public/companies who buy property and casualty insurance policies, it can be either through intermediary or direct selling.
The global Property & Casualty Insurance Providers market was valued at $1207.3 billion in 2017. Asia Pacific was the largest geographic region accounting for $407.8 billion or 33.7% of the global market. And the USA was the largest country accounting for $336.7 billion or 27.8% of the global Property & Casualty Insurance Providers market.
Top Leading Companies mentioned are
Allstate,American International Group,Berkshire Hathaway,Liberty Mutual,Travelers Companies Inc.
Global insurers are using big data analytics to enhance their performance. Big data is being used in claim management, pricing, underwriting and risk selection among others. This growth is mainly driven by increasing points of contact including social media, which provides a bulk of data that can be transformed into insights and leveraged by insurers to efficiently execute the settlement process. Big data consists of high-volume, high-variety and high-velocity information, and benefits insurers in multiple ways such as faster identification and reporting of events, automatic claim assessment and calculation of loss reserves. According to a recent survey by Wills Towers Watson, more than 40% of property & casualty insurance firms are already using big data and is expected to increase to 80% in the next two years.
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This report provides a detailed analysis of the Property & Casualty Insurance Providers market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
Essential points covered in Global Property & Casualty Insurance Providers Market2019 Research are:-
What will the market size and the growth rate be in 2021?
What are the key factors driving the global Property & Casualty Insurance Providers market?
What are the key markets trends impacting the growth of the global Property & Casualty Insurance Providers market?
What are the challenges to market growth?
Who are the key vendors in the global Property & Casualty Insurance Providers market?
What are the market opportunities and threats faced by the vendors in the global Property & Casualty Insurance Providers market?
What are the key outcomes of the five forces analysis of the global Property & Casualty Insurance Providers market?
This independent 125 pages report guarantees you will remain better informed than your competition. With over figures examining the Property & Casualty Insurance Providers market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2021 .
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Property & Casualty Insurance Providers in these regions, from 2014 to 2021(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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