Global Non-Life Insurance Market Report: Details Analysis of Size, Growth, Major Segments and Leading Players

Pune India - March 14, 2018 /MarketersMEDIA/ —

The global non-life insurance market had total gross written premiums of $2,046.3bn in 2016, representing a compound annual growth rate (CAGR) of 4.7% between 2012 and 2016. The motor segment was the market's most lucrative in 2016, with total gross written premiums of $790.4bn, equivalent to 38.6% of the market's overall value. The rapid emergence of the Asia-Pacific market, and particularly of the Chinese market, has largely contributed to the growth of the global market in recent years. This contribution becomes more apparent from the fact that developed markets such as the European and the US have grown below the global average amid saturation since demand is constrained by high penetration of non-life insurance.
Report Source: https://www.themarketreports.com/report/non-life-insurance-global-industry-almanac-2017
Scope
• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global non-life insurance market
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global non-life insurance market
• Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the global non-life insurance market with five year forecasts
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The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2016 annual average exchange rates.
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Release ID: 314189