The United States Life and Non-Life Insurance Market Report is Segmented by Insurance Type (Life Insurance, Non-Life Insurance), Customer Segment (Retail, Corporate), Distribution Channel (Brokers, Agents, Banks, Direct Sales, Other Channels), and Geography (Northeast, Midwest, South, West). The Market Forecasts are Provided in Terms of Value (USD).

In 2024, insurance premiums written in the United States amounted to **** trillion U.S. dollars, which includes property/casualty premiums in addition to life/annuity premiums. This market has been steadily expanding since 2009; however, it saw a decline in 2020 owing to the economic effects of the coronavirus (COVID-19) pandemic. The amount of money charged to the organization or person for the insurance coverage is known as the premium. Between 2021 and 2022, the value of gross premiums written in all 38 OECD countries grew by *** billion U.S. dollars. Which country leads the global insurance market? The United States was the leading direct premium writing country worldwide in terms of the value of written premiums. The non-life insurance sector turned out to be larger than the life sector in the United States. In 2023, the value of both life and non-life insurance premiums in the United States was estimated to account for approximately ** percent of the global market share. China was ranked second with a ** percent share of the global market. Leading insurance companies globally by revenue The Berkshire Hathaway Corporation, which is owned by Warren Buffett and has its headquarters in the United States state of Nebraska, ranked as the largest insurance company globally in 2023, with revenues exceeding *** billion U.S. dollars. Nonetheless, the subsequent largest insurer was Ping An Insurance, which is situated in the rapidly expanding Chinese city of Shenzhen.

The US Health and Medical Insurance Market is Segmented by Coverage Type (Employer-Sponsored, Individual (ACA / Non-Group), and More), Plan Type (HMO, PPO, EPO, and More), Insurance Type (Major Medical (Comprehensive), Medicare Supplement, and More), Distribution Channel (Direct To Consumer, Brokers & Agents, and More), and Region (Northeast, Midwest, and More). The Market Forecasts are Provided in Terms of Value (USD).

Over the years, the property and casualty insurance premiums written in the United States rose at a steady pace. In 2023, property and casualty insurance premiums written in the United States amounted to ***** billion U.S. dollars, while life and annuity premiums stood at ***** billion U.S. dollars.

The United States Insurance Brokerage Market Report is Segmented by Brokerage Type (Retail Brokerage, Wholesale Brokerage, and More), Client Type (Individuals, Small & Medium-Sized Enterprises, and More), Insurance Line (Life, Health, and More), Distribution Channel (Traditional Face-To-Face, Digital/Online Platforms, and More), and Geography (Northeast, Midwest, and More). The Market Forecasts are Provided in Terms of Value (USD).

The U.S. Insurance Market size was at USD 1.48 trillion in 2023 and is projected to reach USD 2.39 trillion by 2030, with a CAGR of 6.6% from 2024-2030.

United States Life Insurance Market was valued at USD 784.13 billion in 2024 and is anticipated to grow USD 1,167.34 billion by 2030 with a CAGR of 6.92% during forecast period

The United States Property and Casualty Insurance Market is Segmented by Insurance Line (Homeowner, Private Passenger Auto, Commercial Auto, General Liability, and More), Distribution Channel (Direct, Agents, Brokers, Bancassurance, and More), Customer Segment (Personal Lines, Small Commercial, Mid-Market Commercial and More), and Region (California, Texas and More). The Market Forecasts are Provided in Terms of Value (USD)

United States Homeowners Insurance market was valued at USD 52.89 billion in 2024 & is expected grow to USD 87.10 billion by 2030 with a CAGR of 3.25%.

The size of the property, casualty and direct insurance market in the United States is expected to reach almost *** billion U.S. dollars in 2022. This is a small increase from the previous year, when this market was valued at *** billion U.S. dollars.

The United States Car Insurance Market is Segmented by Coverage Type (Liability, Collision, Comprehensive, and More), Application (Personal Vehicles, Commercial Fleet), Distribution Channel (Direct-To-Customer, Intermediated, Embedded), and Region (Northeast, Midwest, South and West). The Market Forecasts are Provided in Terms of Value (USD)

It is forecast that the global insurance market will grow by about ************ U.S. dollars between 2024 and 2029, reaching almost ** trillion U.S. dollars. How have gross premiums written evolved? Gross premiums written signify the total premiums collected by an insurer before deducting reinsurance and other related expenses. Between 2000 and 2020, the value of gross premiums written worldwide had more than doubled. The value of premiums written hit its peak in 2017, at approximately **** billion U.S. dollars, after which it continued to decline for the following years until 2019. However, in 2020, this figure grew by nearly **** percent as compared to the previous year. Which companies dominate the insurance market? In 2022, the leading global insurance companies by revenue were Berkshire Hathaway, Ping An Insurance and China Life Insurance. Considering the market capitalization of the largest insurance companies, Allianz occupied the first position with a valuation of nearly *** billion U.S. dollars. These industry titans, along with others such as AXA, AIA, MetLife, Chubb, etc., collectively shape the global insurance narrative through their extensive reach, diverse offerings, and significant market influence.

The United States general insurance market reached around USD 2.10 Trillion in 2024. The market is projected to grow at a CAGR of 8.10% to attain a value of nearly USD 4.58 Trillion by 2034.

United States insurance analytics market size reached USD 15.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 59.8 Billion by 2033, exhibiting a growth rate (CAGR) of 15.99% during 2025-2033​. The increasing volume of data, which has necessitated advanced analytics tools to extract valuable insights, optimize processes, and make data-driven decisions, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2025-2033. Our report has categorized the market based on component, deployment mode, enterprise size, application, and end user.

The United States life insurance market reached approximately USD 1.46 Trillion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of around USD 2.42 Trillion by 2034.

The United States car insurance market, a substantial sector valued at approximately $194.15 billion in 2025, is projected to experience steady growth, fueled by a Compound Annual Growth Rate (CAGR) of 4.21% from 2025 to 2033. This growth is driven by several key factors. The increasing number of vehicles on the road, coupled with rising vehicle prices and repair costs, necessitates higher insurance premiums. Furthermore, stricter regulations regarding minimum insurance coverage and a growing awareness of the risks associated with uninsured or underinsured motorists are contributing to market expansion. Technological advancements, such as telematics and usage-based insurance, are also influencing market dynamics, offering personalized premiums based on driving behavior and promoting safer driving practices. The market is segmented by coverage type (third-party liability, collision/comprehensive, and other optional coverages), vehicle type (personal and commercial), and distribution channel (agents, banks, brokers, and others). Competition within the sector is fierce, with major players like State Farm, Berkshire Hathaway, Progressive, Allstate, and USAA vying for market share through innovative products and targeted marketing campaigns. The market's robust growth is expected to continue, driven by sustained economic activity and the ongoing need for reliable vehicle insurance protection. The regional distribution of the US car insurance market mirrors the population density and economic activity across the nation. While precise regional breakdowns are not provided, it can be reasonably inferred that states with larger populations and higher vehicle ownership rates, such as California, Texas, and Florida, constitute significant portions of the overall market. The market's segmentation by distribution channels reflects the evolving preferences of consumers and the strategies employed by insurance providers. The rise of online platforms and digital insurance brokers is gradually challenging the dominance of traditional agents, leading to greater competition and potentially lower prices for consumers. However, the personal interaction offered by agents remains a valuable service for many policyholders. Future growth will depend on factors such as economic fluctuations, evolving regulatory landscapes, and technological innovation within the insurance industry. Understanding these dynamics is crucial for both insurers and consumers navigating this significant and dynamic market. Recent developments include: August 2023: AXA S.A. introduced its latest digital claims solution, STeP, which simplifies the car insurance process., May 2022: GEICO partnered with Tractable, an AI technology company, to accelerate its car claim and repair process. The AI is used to assess car damage.. Key drivers for this market are: Rising Number of Accidents Drives The Market, An increase in Road Traffic Accidents Drives The Market. Potential restraints include: Rising Number of Accidents Drives The Market, An increase in Road Traffic Accidents Drives The Market. Notable trends are: Rise In Number Of Traffic Accidents.

The size of the United States Insurance Brokerage Market was valued at USD 67.89 Million in 2023 and is projected to reach USD 89.10 Million by 2032, with an expected CAGR of 3.96% during the forecast period. Recent developments include: June 2023: Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of SOLV Risk Solutions, LLC, a leading independent agency based in Austin, Texas., March 2022: Aon Plc. announced it had acquired the actuarial software platform Tyche from technology and software firm RPC Tyche. This acquisition will help the company to expand better cater to its clients.. Key drivers for this market are: Increasing Demand for Life Insurance is Driving the Market, Increasing Digital Adoption in the Insurance Industry is Driving the Market. Potential restraints include: Increasing Cost Acts as a Restraint to the Market. Notable trends are: Increasing Merger & Acquisition Deals in Insurance Brokerage Market.

In 2023, the largest share of the U.S. life insurance market was held by Milwaukee-based Northwestern Mutual, which accounted for **** percent of the market. As a mutual society specializing in life insurance, Northwestern Mutual has attained a higher share of this market than diversified, publicly listed insurance giants like MetLife and Corebridge Financial (formerly AIG Life). In fact, many of the largest life insurance companies in the United States are not publicly listed, so do not factor into the list of the largest U.S. life insurance companies by market capitalization.

United States Travel Insurance Market was valued at USD 3.39 billion in 2024 and is anticipated to grow USD 4.56 billion by 2030 with a CAGR of 5.13% during forecast period

United State Car Insurance Market size was valued at USD 356.4 Billion in 2024 and is projected to reach USD 487.9 Billion by 2032, growing at a CAGR of 4.3% from 2026 to 2032.Growing Vehicle Fleet as a Base Driver: The sheer expansion of the US vehicle fleet acts as a fundamental and persistent driver of market volume and revenue. With every new vehicle on the road, the mandatory requirement for insurance coverage is reinforced, directly increasing the total addressable market for auto insurers. According to the Bureau of Transportation Statistics, there were approximately 284 million registered automobiles in the United States in 2023, representing a 1.8% increase over the previous year.