Between 2011 and 2016, the total number of quits, layoffs and discharges within the finance and insurance industry increased by 32 percent, according to data from the Bureau of Labor and Statistics. The property and casualty (P&C) sector is the biggest insurance sector in the US. Additionally, Black workers make up almost 22%, and Hispanic/Latinx workers account for 15% of claims processors, compared to 12% and 18% … Currently, it’s sitting at $58 billion, up from $39 billion in 2017. These skill sets, combined with deep industry knowledge, allow us to provide a breadth of services to life, property and casualty, reinsurers and insurance broker clients. Issues the insurance industry might face: Communications, both internal and external, matter now more than ever. S&P Global Market Intelligence’s 2018 US Property & Casualty Insurance Market Report offers a five-year outlook for the P&C sector, which should return to underwriting profitability for the first time since 2015. Exhibit 3: ow P&C insurers are responding to changing business dynamics Source Capgemini inancial Services Analysis, 201 Emerging Risk Landscape Enhancing Operational *Insurance Information Institute calculations, based on ISO®, a Verisk Analytics® business, data for homeowners insurance claims from 2014-2018 (see table above). 1. Consumer prices The Bureau of Labor Statistics collects the prices of a fixed “basket” of consumer goods and services every month to compile the consumer price index. Learn more (NAIC) This doesn’t come as a surprise as, since 2018, the P&C market’s net income has been soaring. Top 10 Writers Of Property/Casualty Insurance By Direct Premiums Written, 2019; Top 10 Writers Of Life/Annuity Insurance By Direct Premiums Written, 2019 Deloitte’s insurance group brings together specialists from actuarial, risk, operations, technology, tax and audit. The total U.S. industry market size for Insurance: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. the property and casualty insurance industry and discusses strategies insurers are adopting to navigate and align with the insurance ecosystem of tomorrow. The Property and Casualty Insurance Market report claims that the industry is projected to generate significant revenue during the forecast period. Find industry analysis, statistics, trends, data and forecasts on Property, Casualty and Direct Insurance in the US from IBISWorld. IN THIS FACTS + STATISTICS. The annual report, which includes detailed information on market share and loss ratio from the top 125 U.S. property and casualty insurance companies … Market Size & Industry Statistics. 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