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In The US, About 7,500 Companies Provide Insurance Coverage of Various Types and Have Combined Annual Revenue of $1 Trillion

 

Thursday, Jul 09,2009, 10:17:22 AM   Click:

Dublin - Research and Markets(http://www.researchandmarkets.com/research/f491de/insurance_carriers) has announced the addition of the "Insurance Carriers " report to their offering.

First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the "heavy lifting" by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospects business issues.

Executive Summary

Brief Excerpt from Industry Overview Chapter:

In the US, about 7,500 companies provide insurance coverage of various types and have combined annual revenue of $1 trillion. Large companies include AIG, Aetna, MetLife, AllState, State Farm, and GEICO, part of Berkshire Hathaway's insurance operations. The industry is highly concentrated: the 50 largest companies hold more than 60 percent of the market. Within product segments, concentration is even higher.

See the Insurance Agencies profile for coverage of insurance agents and brokers and the Managed Healthcare profile for coverage of group health insurance providers.


COMPETITIVE LANDSCAPE

Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive.

In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell.

Key Topics Covered:

- Industry Overview

- Quarterly Industry Update

- Business Challenges

- Trends AND Opportunities

- Call Preparation Questions

- Financial Information

- Industry Forecast

- Website and Media Links

- Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/research/f491de/insurance_carriers

Source: First Research

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