美国汽车保险行业市场前景及投资研究报告-外文版培训课件人保平安

INDUSTRIES

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MARKETSMotorinsuranceintheUnitedStatesCHAPTER

01MarketoverviewLicenseddriversintheUnitedStatesbetween2013and2021,byagegroup(inmillions)TotalnumberoflicenseddriversintheU.S.byagegroup2013&2021Licenseddriversinmillions2021

201305101520258.518.9819andunder20to2425to2930to3435to3940to4445to4950to5455to5960to6465to6970to7417.4417.2717.6719.818.3418.3620.8620.319.2418.7518.1119.319.3420.6119.9219.419.716.6617.1113.2313.939.313/statistics/206311/total-number-of-us-licensed-drivers-in-2010-by-ageIn2021,about17.44millionU.S.licenseddriverswereagedbetween20and24years,adipcomparedto2013licenseddriverfigures.Atalmost20.9millionpeople,driversagedbetween30and34representedthelargestgroupoflicenseddrivers.

ReadmoreNote(s):UnitedStates;2013and2021Source(s):FederalHighwayAdministration(OfficeofHighwayPolicyInformation);USDepartmentofTransportationNumberofmotorvehiclesregisteredintheUnitedStatesfrom1990to2022(in1,000s)U.S.motorvehicleregistrations1990-2022300,000250,000200,000150,000100,00050,00004Description:Some283.4millionvehicleswereregisteredintheUnitedStatesin2022.Thefiguresincludepassengercars,motorcycles,trucks,buses,andothervehicles.ThenumberofꢀlighttruckssoldintheU.S.stoodat10.9millionunitsin2022.

ReadmoreNote(s):UnitedStates;1990to2022Source(s):FederalHighwayAdministration;USDepartmentofTransportationNumberofreportedmotorvehicletheftcasesintheUnitedStatesfrom1990to2022U.S.:reportedmotorvehicletheftcases1990-20221,750,0001,550,0001,350,0001,150,000950,000750,000550,0005Description:In2022,anestimated942,173reportedmotorvehicletheftcasesoccurredintheUnitedStates.Thisisanincreasefromthepreviousyear,whentherewereanestimated849,741casesofmotorvehicletheftnationwide.

ReadmoreNote(s):UnitedStates;1990to2022Source(s):FBI;USBureauofJusticeStatisticsNumberofroadtrafficfatalitiesintheUnitedStatesfrom2012to2022NumberofroadtrafficfatalitiesintheUnitedStates2012-202250,00046,98046,27045,00040,00035,00030,00025,00020,00015,00010,0005,00042,33940,32740,23139,40439,10737,75736,41535,36935,398020122013201420152016201720182019202020212022*6Description:Some47,000roadtrafficfatalitiesareprojectedtohaveoccurredintheUnitedStatesin2021,whichwasthelargestamountoffatalitiesrecordedinthecountrysince2012.Thisfatalityvolumeisestimatedtodipin2022,downtonearly46,300.Motorvehiclecrashesanddrugoverdosesaretheleadingcausesofdeathamongthoseundertheageof55intheUnitedStates.ReadmoreNote(s):UnitedStates;2012to2021Source(s):NationalSafetyCouncil;NCHSComparisonoftheenvironmental,socialandgovernance(ESG)scoresofthe26largestinsurancecompaniesbymarketcapitalizationworldwidein2023,byESGscoreproviderESGscoresoftheworlds'largestinsurancecompanies2023,byproviderSustainalytics58.669.464S&P

Global

(RobecoSAM)MSCI35.778.650BerkshireHathaway(U.S.)UnitedHealth(U.S.)1279PingAnInsurance(China)ChinaLifeInsurance(China)AIA(HongKongSAR)64.32549.274506278.678.5778.664.350ElevanceHealth(formerlyAnthem)(U.S.)Allianz(Germany)77.273.457.852.859.667.271.667.87089Marsh&McLennanCos.(U.S.)Chubb(Switzerland)3530Progressive(U.S.)2064.392.978.692.9AXA(France)91Cigna(U.S.)77ZurichInsuranceGroup(Switzerland)757Description:AcomparisonofstandardizedESGscoresofthe25largestinsurancecompaniesintheworldshowssignificantdifferencesbetweenESGscoreprovidersinmanycases.Theworld'slargestinsurerbymarketcapitalization,BerkshireHathaway,sawthelargestrangeofscores,withS&Pratingthecompanywiththescoreof12outof100(indicatingthecompanyhasahighlevelofESGrisk),whileSustainalyticsawardedtheequivalentscoreof58.6outof100(indicatingabelowaveragelevelofESG[...]

ReadmoreNote(s):Worldwide;August30,2023Source(s):VarioussourcesCHAPTER

02LeadingcompaniesLeadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingprivatepassengerautoinsurersintheU.S.2021-2022,bypremiumsDirectpremiumswritteninbillionU.S.dollars202215202120051025303540455046.66StateFarmMutualAutomobileInsuranceProgressiveCorp.41.6638.9335.8538.12BerkshireHathawayInc.AllstateCorp.37.4229.6127.2216.3715.73USAAInsuranceGroup13.713.25LibertyMutual12.61FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup12.445.845.325.835.485.515.569Description:StateFarmMutualAutomobileInsurancewastheleadingprivatepassengercarinsurerintheUnitedStatesin2022,withpremiumswrittenamountingtoapproximately46.7billionU.S.dollars.BerkshireHathawayInc.andProgressiveCorporationwerethenextlargestinsurersinthatsector.ReadmoreNote(s):UnitedStates;2021and2022Source(s):InsuranceInformationInstitute;SNLFinancialMarketshareofleadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswrittenMarketshareofleadingU.S.privatepassengerautoinsurers2021-2022,bypremiumsMarketshare20226%20210%2%4%8%10%12%14%16%16%18%16.9%StateFarmMutualAutomobileInsuranceProgressiveCorp.14.1%13.8%13.8%BerkshireHathawayInc.AllstateCorp.14.4%10.7%10.4%5.9%6%USAAInsuranceGroup5%5.1%LibertyMutual4.6%FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup4.8%2.1%2%2.1%2.1%2%2.1%10Description:In2022,StateFarmMutualAutomobileInsuranceledtheprivatepassengerautoinsurancemarketintheUnitedStates.StateFarmheld16.9percentoftheU.S.privatepassengerautoinsurancemarketintermsofvalueofwrittenpremiumsin2022,followedbyProgressiveCorpandBerkshireHathawayInc.ReadmoreNote(s):UnitedStates;2021and2022;BasedonU.S.total,includesterritories.Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceLeadingwritersofcommercialautoinsuranceintheUnitedStatesfrom2020to2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingU.S.commercialautoinsurers2020-2022,bydirectpremiumswrittenPremiumswritteninbillionU.S.dollars202220214202001235678910ProgressiveCorp.TravelersCompaniesLibertyMutualOldRepublicInternationalCorp.ZurichInsuranceGroupBerkshireHathawayInc.NationwideMutualGroupAuto-OwnersInsuranceCo.AllstateCorp.ChubbLtd.W.R.BerkleyCorp.11Description:In2022,theleadingwriterofcommercialautoinsuranceintheUnitedStatesbydirectpremiumswrittenwasProgressiveCorp.Inthatyear,ProgressiveCorp.wrotedirectcommercialautoinsurancepremiumsworthmorethanninebillionU.S.dollarsandheldalmost16percentofthemarket.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceMarketshareofleadingcommercialautoinsurancecompaniesintheUnitedStatesfrom2020to2022,bydirectpremiumswrittenLeadingU.S.commercialautoinsurancecompanies2020-2022,bymarketshareMarketshare20226%202120208%0%2%4%10%12%14%16%18%ProgressiveCorp.TravelersCompaniesInc.LibertyMutualOldRepublicInternationalCorp.ZurichInsuranceGroupBerkshireHathawayInc.NationwideMutualGroupAuto-OwnersInsuranceCo.AllstateCorp.ChubbLtd.W.R.BerkleyCorp.12Description:In2022,theleadingcommercialautoinsurancecompanyintheUnitedStateswasProgressiveCorp.,bydirectpremiumswritten.Inthatyear,ProgressiveCorp.,withdirectcommercialautoinsurancepremiumswrittenamountingtomorethanninebillionU.S.dollars,hadamarketshareof15.6percent.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceNetPromoterScore(NPS)ofselectedcarinsurancecompaniesintheUnitedStatesfrom2017toSeptember2022NPSofselectedcarinsurancecompaniesintheU.S.2017-2022NPS0%10%20%30%40%50%60%70%80%90%USAANJMInsuranceGroup79%73%FarmBureauInsuranceofTennesseeErieInsuranceGroup69%61%AmicaMutualInsuranceCompanyKentuckyFarmBureauShelterMutualInsuranceCompanyAuto-OwnersInsuranceGroupAAA61%61%55%50%50%49%47%45%44%TheHartfordAlfaInsurancePlymouthRockAssuranceGeicoInsuranceCompany13Description:Between2017andSeptember2022,USAAwasthecarinsurerwiththehighestnetpromoterscore(NPS)intheUnitedStates.NPSdemonstratespolicyholderloyaltyandmeasureshowlikelycustomersaretorecommendtheirinsurer.USAAreceivedaNPSof79percentbetween2017andSeptember2022.ReadmoreNote(s):UnitedStates;2017toSeptember2022Source(s):ClearsuranceCHAPTER

03SalesmetricsandconsumptionAverageannualexpenditureonvehicleinsuranceperconsumerunitintheUnitedStatesfrom1984to2022(inU.S.dollars)U.S.householdexpenditureonvehicleinsurance1984-20221,8001,6001,4001,2001,000800600400200015Description:ConsumersintheUnitedStatesincreasedtheirspendingonautoinsurancebyroughly50percentbetween2012and2022.ꢀIn2022,theaverageexpenditureonvehicleinsuranceintheU.S.amountedto1,592U.S.dollarsperconsumerunit,upfrom1,018U.S.dollars10yearsearlier.ReadmoreNote(s):UnitedStates;1984to2022Source(s):BureauofLaborStatistics;St.LouisFedEstimatedannualcarinsurancepremiumsintheUnitedStatesfrom2021to2023,bystate(inU.S.dollars)AnnualautoinsurancepremiumsintheU.S.2021-2023,bystate20215740137510332361812202243861197113820729792023235212001164109210321008960MichiganRhodeIslandNevadaFloridaNewJerseyDelawareConnecticutOregon120011651050137310811549112890911831041996948NewYorkMarylandKentuckyLouisianaUtah108510441027100279392490087687679216Description:Michiganhadthemostexpensivecarinsurancepremiumsat2,352U.S.dollarsforminimumcoveragein2023,thoughthepremiumsinmanystatesfellinthatyear.TheannualpremiuminFloridaalsofellbyalmost1,000U.S.dollarsin2023.Thistrendoccurredinmanyhighpremiumstates.ReadmoreNote(s):UnitedStates;2021to2023;Minimum-coverageorliabilityonlycarinsuranceonlySource(s):ValuePenguinAverageautoinsuranceexpenditureintheUnitedStatesin2023,byage(inU.S.dollars)AveragecarinsuranceexpenditureintheU.S.2023,byage700584600500400300200100050143734530824819985166157751433513745130651265516171819202125Ageinyears17Description:16yearoldspaidthehighestamountforfullcoveragecarinsuranceintheUnitedStatesin2023.Itwasfoundthat16year-olddriversintheU.S.hadtopayapproximately584U.S.dollarsperyearforcarinsurance,whereastheir21yearoldcounterpartspaidonly248U.S.dollarsforthesamecoverage.ReadmoreNote(s):UnitedStates;2023Source(s):ValuePenguinAveragemonthlymotorcycleinsurancepremiumintheUnitedStatesin2023,byage(inU.S.dollars)MonthlymotorcycleinsurancepremiumintheU.S.2023,byage40034035030025020015010050244194191173016yearold18yearold21yearoldAge35yearold50yearold18Description:In2023,teendriverspaidsignificantlymoreformotorcycleinsurancethan50yearolddriversdidintheUnitedStates.Inthatyear,theaveragemonthlymotorcycleinsurancepremiumfora16yearoldridingacruiserwas340U.S.dollars,whereasthemonthlypremiumfora50yearoldwas191U.S.dollars.ReadmoreNote(s):UnitedStates;2023Source(s):ValuePenguinAveragemonthlymotorcycleinsurancepremiumintheUnitedStatesin2023,bystate(inU.S.dollars)MonthlymotorcycleinsurancepremiumintheU.S.bystate2023Annual

costin

U.S.

dollarsU.S.averageAlabamaAlaska606040646515152556678654654ArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdaho19Description:In2023,CaliforniawasthemostexpensivestateformotorbikeinsuranceintheUnitedStates.InCalifornia,theaveragemotorcycleinsurancepremiumwas151U.S.dollarspermonth,followedbyLouisianaandMissouri.

ReadmoreNote(s):UnitedStates;2023Source(s):ValuePenguinInterestrateson60-monthnewcarloansintheUnitedStatesfromFebruary2014toApril2024MonthlycarloanratesintheU.S.2014-20249.0%8.0%7.0%6.0%5.0%4.0%3.0%20Description:CarloaninterestratesintheUnitedStatesremainedfellinMarch2024andremainedstableinthefollowingmonth.Thatcouldsignalanendoftheinterestrateincreasesthatcharacterizedthepastyears.IntheU.S.,theinterestrateonfive-yearcarloansdecreasedbetween2019andDecember2021,whenitreachedthelowestvalueof3.85percent.However,theinterestratehassoaredinthemonthsafterthat,reaching7.9percentinFebruary2024.Theaveragesizeofꢀnewcarloansand[...]ReadmoreNote(s):UnitedStates;February2014toApril2024;Averageinterestrateona60-monthnewcarloan;valuesasofthelastwednesdayofthemonth.Source(s):BankrateCHAPTER

04ClaimsandlossesFrequencyofprivatepassengerautocollisioninsuranceclaimsforphysicaldamageintheUnitedStatesfrom2007to2021CarcollisionclaimfrequencyforphysicaldamageintheU.S.2007-202176.015.9365432105.695.755.715.635.635.665.575.485.515.355.24.264.220072008200920102011201220132014201520162017201820192020202122Description:ThefrequencyofprivatepassengerautocollisioninsuranceclaimsforphysicaldamageintheUnitedStatesdroppedsharplyin2020andremainedlowin2021,fallingto4.2per100caryears.Thiscomparesto6.13claimsper100caryearsin2019,and5.2claimsin2007.Mostlikely,theprimaryreasonforthisdeclinewasthereductionintrafficduetothecoronavirus(COVID-19)pandemic.ReadmoreNote(s):UnitedStates;2007to2021Source(s):InsuranceInformationInstitute;VeriskFrequencyofprivatepassengercomprehensiveautoinsuranceclaimsforphysicaldamageintheUnitedStatesfrom2007to2021ComprehensivecarclaimfrequencyforphysicaldamageintheU.S.2007-20213.53.03.152.792.792.782.752.72.622.622.622.572.572.582.482.432.52.01.51.00.50.02.320072008200920102011201220132014201520162017201820192020202123/statistics/830114/comprehensive-car-claim-frequency-physical-damage-usaThefrequencyofprivatepassengercomprehensiveautoinsuranceclaimsforphysicaldamageintheUnitedStatesroseto3.15per100caryearsin2021,comparedto2.7in2020.Thiswasthehighestfrequencyrecordedoverthepast15years.

ReadmoreNote(s):UnitedStates;2007to2021Source(s):InsuranceInformationInstitute;VeriskAveragevalueofprivatepassengerautocollisioninsuranceclaimsforphysicaldamageintheUnitedStatesfrom2007to2022(inU.S.dollars)CarcollisionclaimsizeforphysicaldamageintheU.S.2007-20227,0005,9926,0005,0004,0003,0002,0001,00005,1363,8263,7093,6613,5173,4543,3773,1443,1693,1093,0052,9502,8692,8612,778200720082009201020112012201320142015201620172018201920202021202224Description:In2022,theaverageprivatepassengerautocollisionclaimforphysicaldamageamountedto5,992U.S.dollarsintheUnitedStates.Thisisanincreasefromthe5,136U.S.dollarsseeninthepreviousyearandalsomarkeda15-yearhigh.

ReadmoreNote(s):UnitedStates;2007to2022Source(s):InsuranceInformationInstitute;VeriskAveragevalueofprivatepassengerautocomprehensiveinsuranceclaimsforphysicaldamageintheUnitedStatesfrom2007to2022(inU.S.dollars)ComprehensivecarclaimsizeforphysicaldamageintheU.S.2007-20223,0002,5002,7382,1321,9951,9512,0001,5001,0005001,8341,8111,7781,6791,6211,5851,5721,5511,5241,4761,4901,3890200720082009201020112012201320142015201620172018201920202021202225Description:In2022,theaveragevalueofprivatepassengerautocomprehensiveinsuranceclaimsforphysicaldamageintheUnitedStatesincreasedto2,738U.Sdollars.Thisisthehighestvaluerecorded,andasignificantincreasefromthe2,132U.S.dollarsrecordedin2021.ReadmoreNote(s):UnitedStates;2007to2022Source(s):InsuranceInformationInstitute