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What is Insurance Industry Analysis?

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  • Written By: Mary McMahon
  • Edited By: Nancy Fann-Im
  • Last Modified Date: 04 February 2020
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An insurance industry analysis is a detailed breakdown of the business climate in the insurance industry. Insurance takes up a very large market sector in the economies of many nations, and the analysis often chooses to focus on a specific kind of insurance, rather than the industry as a whole. Governments, insurance companies, investment firms, and interested investors can commission and review an insurance industry analysis. People can sometimes find free examples in trade publications or annual reports put out by insurance companies.

Insurance includes a variety of products and services providing coverage for vehicles, businesses, professional liability, homes, and so forth. An insurance industry analysis can look at trends in the industry as a whole or may choose to drill down into a particular sector, like the maritime insurance business.

In the insurance industry analysis, the analyst will look at historic performance and make projections about future trends on the basis of the current market climate. The tone of the analysis can vary, depending on the target audience. An insurance company wants to know what kinds of products it should be offering more of, and where it should concentrate its marketing, for example, while investors want to know which insurance companies would be the best investments. The analysis may compare and contrast performance at several companies to provide more information about the biggest players in the industry.

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A good analysis will also look at pending legislation or laws about to take effect. Policy changes can have a profound impact on the insurance industry. Projections for new trends are very useful to insurers, as they can try to stay ahead of new regulations. Members of the government may use an insurance industry analysis to identify new areas of the industry to target with regulations, such as emerging insurance products that are poorly regulated due to their novelty.

Usually, the insurance industry analysis will include a brief abstract at the start, covering the key points and noting the general direction of the industry. It will also conclude with a recap to put an emphasis on the most important findings in the analysis, highlighting topics like emerging sectors within the industry, troubling economic trends, and so forth. People may find it helpful to read the introduction and the conclusion before starting to get an idea of what the report contains so they know what to expect as they move through the document.

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