Global Personal Lines Insurance Industry valued approximately USD XXX billion in 2018 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. Personal Lines refers to the insurance that is designed for personal use. Insurance companies sell these policies to individuals, as opposed to companies, to reimburse them for losses or damage to their possessions or to protect them from liability. The growth of the personal Lines insurance Industry is primarily driven by growth in awareness regarding insurance and lesser liability concerns as compared to commercial insurance. However, government regulations and expenses associated with personal Lines insurance are expected to hamper the Industry growth.
The regional analysis of Personal Lines Insurance Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Personal Lines Insurance Industry over the forecasted period 2019-2026. Asia-Pacific is estimated to hold a prominent share of the Personal Lines Insurance Industry. Developing countries, such as India and China, are significant players boosting the demand for the Personal Lines Insurance Industry. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Personal Lines Insurance Industry over the coming years. Asia Pacific region is contributing towards the growth of global Personal Lines Insurance Industry and anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Personal Lines Insurance Industry Share and Size by 2019-2025
Personal Lines Insurance Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Personal Lines Insurance Market are as follows:
HUB International Ltd.
Confie Seguros Holding Co.
USI Insurance Services
TWFG Insurance Services
Crystal & Co.