Property Insurance Market Insights, Size, Share, Trends and Growth

Technavio Announces the Publication of its Research Report – Global Property Insurance Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Property Insurance Market: American International Group, Allstate Insurance, Berkshire Hathaway Homestate, and Liberty Mutual Insurance.

Other Prominent Vendors in the market are: State Farm Fire & Casualty Co., Nationwide Mutual Insurance Co., Farmers Insurance Group of Companies, Chubb’s Federal Insurance Co., CNA Financial Corp.’s Continental Casualty Company, Wells Fargo, Munich Re, Zurich Insurance Group, AXA, and Lloyd’s.

Commenting on the report, an analyst from Technavio’s team said: “An upcoming trend in the insurance industry is the use of data analytics and predictive modeling strategies. Many top analytics companies are tying ups with property insurance firms to improve the underwriting profits and also to lower the loss ratio. Customers are demanding innovative solutions and telematics in the commercial property policy and commercial package offered. This will also help customers to get useful insights about the portfolio metrics and risks associated and thereby identifying the pricing inadequacy and the profitability.”

Browse Detail Report With TOC @

https://marketreportscenter.com/reports/300556/global-property-insurance-market-2016-2020

According to the report, a key driver of market growth is the use of risk management tools. The property insurance vendors are looking for strong investment returns that they can reinvest to get higher yields. This brings in profitability to the system. Therefore, it is important that the vendors meet the customers' demand while challenging the increased risk and uncertainty. For instance, PACE is an advanced software application tool that integrates the management of the property risk survey reports and evaluates it. Its advanced security features include a hierarchy permission based system that gives full access to...