2020 Foresight Report: Trends in Non-Life Insurance Underwriting

NEW YORK, Dec.迷你倉最平 17, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:2020 Foresight Report: Trends in Non-Life Insurance Underwriting.reportlinker.com/p01172005/2020-Foresight-Report-Trends-in-Non-Life-Insurance-Underwriting.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Life_InsuranceSynopsisThe report provides in depth market analysis, information and insights into underwriting industry trends for non-life insurance globally, including:-- Comprehensive assessment of non-life underwriting market dynamics-- Analysis of the effect of changes in regulations on underwriting-- Analysis of the underwriting cycles-- Detailed analysis of the technological trends impacting underwriting-- Detailed analysis of the effect of natural and man-made disasters on underwritingSummaryThe insurance underwriting industry has undergone a paradigm shift over the last decade due to the introduction of new technology, which has revolutionized processes and business practice. Insurance companies are augmenting their processes to maintain a social media presence and also to help combat fraud. With the advent of Solvency II and other risk-based capital (RBC) approaches, underwriting has become increasingly dependent on movements in the regulatory environment. Several natural disasters resulted in substantial losses and an exceptionally high number of fatalities during the review period (2008-2012). Telemetric, predictive analytics, automated software programs and the use of social networking sites has transformed the way in which insurance underwriting operates.Scope-- This report provides a global snapshot of the key performance indicators impacting underwriting including combined ratio, loss ratio and expense ratio and underwriting profit/loss trends -- It studies the impact of regulatory trends on underwriting including Solvency II and EU gender neutral insurance -- It provides detailed analysis of the different underwriting cycles -- It provides detailed analysis of the relationship between economic growth and the insurance industry's growth in key markets -- It provides detailed analysis of the impact of technological trends in underwriting -- It provides detailed analysis of the impact of natural and man-made disasters on underwritingReasons To Buy-- Make strategic business decisions using detailed assessment of the key challenges and opportunities that non-life insurance underwriting presents currently-- Understand directives of new regulations and the necessary changes required in the current business structure of an underwriting firm-- Assess underwriting profit or loss trends in key markets -- Assess the impact of economic growth on the insurance industry-- Assess the adoption of technology trends in different companies across different geographies -- Find out how underwriting has evolved due to the impact of natural disastersKey Highlights-- The insurance underwriting industry has undergone a paradigm shift over the last decade due to the introduction of new technology, which has revolutionized processes and business practice. -- Several natural disasters resulted in substantial losses and an exceptionally high number of fatalities during the review period (2008-2012). -- While, mature markets such as the US, the UK, France and Italy are recording stagnant growth, emerging economies are driving premiums.-- The US non-life insurance segment registered the highest underwriting loss in 2012, while, Japan recorded the highest underwriting profit.-- The growth in telematics users in Europe will be driven by the UK and Italy.-- Predictive analytics has revolutionized the world of premiums and claims management in the insurance industry.Table of Contents1 Executive Summary2 Global Snapshot: Assessment of Non-life Underwriting Market Dynamics2.1 Underwriting Profits and Loss Trends2.2 Analysis of Key Performance Indicators Impacting Underwriting2.2.1 Developed economies2.2.2 Emerging economies3 The Effect of Regulations on Underwriting3.1 Overview3.2 EU Ruling on Gender Neutral Insurance to Affect Underwriting3.3 Impact of Solvency II on Underwriting3.4 Solvency II Risk Assessm迷你倉nt and Challenges4 Market Dynamics Related to Economic Risk4.1 Economic Risk on Non-life Insurance Underwriting4.2 Market Risk on Non-life Insurance Underwriting4.2.1 Developed economies4.2.2 Emerging economies5 Technological Trends in Underwriting5.1 Process automation5.2 Telematics and real-time data in underwriting risk5.2.1 Insurance telematics in developed countries5.2.2 Insurance telematics in developing countries5.2.3 Companies tying up with telematics suppliers to augment insurance telematics offerings5.2.4 Snapshot of different telematics-based insurance schemes5.3 Predictive analytics and Big data5.4 Social Media6 Natural Disasters and their Impact on Underwriting6.1 Catastrophe Insurance and Pricing6.2 Case Studies6.2.1 Swiss Re - Use of advanced underwriting modelling following the Japanese earthquake6.2.2 Hurricane Katrina's effect on property and casualty underwriting industry6.2.3 2011 Thai Floods and their Subsequent Effect on Underwriting6.3 Impact of Man-made Disasters7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Non-life Insurance Segment, Underwriting Profitability (US$ Million), 2008-2017Table 2: Estimated Losses Due to Natural Disasters in The US, 2008-2011Table 3: Catastrophic Damage Across Various Countries, 2000-2013Table 4: Estimated Road Traffic Death Rate (Per 100 000 Population), 2010 and 2013Table 5: Impact of EU Gender Neutral Insurance Ruling on the UK Motor Insurance Policy PricesTable 6: Non-life Insurance Segment, Emerging Economies, Insurance Frauds (US$ Billion), 2008-2017Table 7: Non-life Insurance Segment, Emerging Economies, Commissions and Expenses (US$ Billion), 2008-2017Table 8: Snapshot of Insurance Companies Automating UnderwritingTable 9: Snapshot of Various Telematics-Based Insurance ProductsTable 10: Key Natural Disasters to have Impacted the Global Insurance Industry, 2008-2012Table 11: Insurance Losses Emanating from the Japanese Earthquake/ Tsunami, 2011Table 12: Insurance Losses Emanating from Thai Floods, 2011List of FiguresFigure 1: Japanese Non-Life Insurance Segment - Earned Premiums and Gross Claims (US$ Billion), 2008-2012Figure 2: EU Motor Insurance - Loss Ratio (%), 2008-2017Figure 3: BRIC Motor Insurance - Loss Ratio (%), 2008-2017Figure 4: Non-life Insurance Segment in Developed Economies - Loss Ratios (%), Expense Ratios (%) and Combined Ratios (%), 2012Figure 5: Non-life Insurance Segment in Developed Economies - Loss Ratio (%), 2008-2017Figure 6: Non-life Insurance Segment in Developed Economies - Expense Ratio (%), 2008-2017Figure 7: Non-life Insurance Segment in Developed Economies - Combined Ratio (%), 2008-2017Figure 8: Non-life Insurance Segment in Emerging Economies - Loss Ratios (%), Expense Ratios (%) and Combined Ratios (%), 2012Figure 9: Non-life Insurance Segment in Emerging Economies - Loss Ratio (%), 2008-2017Figure 10: Non-life Insurance Segment in Emerging Economies - Expense Ratio (%), 2008-2017Figure 11: Non-life Insurance Segment in Emerging Economies - Combined Ratio (%), 2008-2017Figure 12: Regulatory Trends Affecting Insurance UnderwritingFigure 13: Impact of Solvency II on AssetsFigure 14: Why Telematics? - The Value PropositionFigure 15: Impact of Santam's New Software Installation in Various ChannelsFigure 16: Use of Various Social Media Channels in Insurance UnderwritingFigure 17: Areas In Non-Life Insurance With Maximum Fraud Cases, US, 2012Figure 18: Outcome of Public Unrests in 2011 for Insurance UnderwritingCompanies Mentioned TeletracGeoTabTeleavTelogis AmaguizCoverbox Zurich Financial Services Progressive Casualty Insurance Liberty MutualHollard InsuranceAviva InsuranceAllianz ItalyAA InsuranceSantam Insurance Nationwide Mutual Insurance CompanyAmica InsuranceIntegro InsuranceAllstateGEICOState FarmTo order this report: 2020 Foresight Report: Trends in Non-Life Insurance Underwriting .reportlinker.com/p01172005/2020-Foresight-Report-Trends-in-Non-Life-Insurance-Underwriting.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Life_Insurance__________________________Contact Clare: clare@reportlinker.com US: (339)-368-6001Intl: +1 339-368-6001ReportlinkerWeb site: .reportlinker.com/mini storage