Lucintel Estimates the Global Non-Life Insurance Industry to Reach $2941 Billion by 2017

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Lucintel Estimates the Global Non-Life Insurance Industry to Reach $2941 Billion by 2017

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The global non-life insurance market reached an estimated revenue of $2,300.5 billion in 2011 during 2006-2011. The industry is expected to reach $2941.5 billion by 2017 with a CAGR of 4.5%. This reportis focused on North America (NA), Europe, Asia Pacific, and ROW. NA,who is currently dominating the industry, is likely to retain its growth during 2012-2017. APAC is also expected to join this dynamic growth.

Lucintel, a leading global management consulting and market research firm, has analyzed the top five global non-life insurance companies and offers its findings in a comprehensive research reportin “Top Five Global Non-Life Insurance Companies: Performance, Strategies, and Competitive Analysis.”

Lucintel has identified that during 2006-2011, APAC and ROW recorded the highest growth in terms of gross premium and revenue respectively. Among the top five non-life insurance companies, Allianz SE emerged as the global leader, depicting the highest revenue growth in 2011.During 2012-2017, NA and APAC’s non-life insurance market is likely to experience dynamic growth.

Lucintel has identified that a diversified geographical footprint and a strong market position are some of the driving forces for these companies, but the existence of impediments in the form of increasing loss and claim expenses due to natural disaster and increasing regulatory compliance are challenges.

Lucintel makes a competitive analysis on the following companies:
Allianz SE
Munich Re Group
AXA S.A.
American International Group, Inc.
Zurich Insurance Group.

This discussion is limited to a comparative analysis of the subject companies along with their respective company overviews, their geographic footprints, financial metrics, market definition and scope, market performance, market strategies and corporate cultures, business structure, and SWOT analysis.

The data and analysis found in this report can be utilized for a variety of functional business reasons, including business development, strategic planning, determination of market size and trends, competitive analysis, investment decisions, and joint product development.

For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit http://www.lucintel.com

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Steve Parker
Lucintel
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