NAFTA Countries Insurance Industry Outlook Reveals Rapid Growth in the U.S. Market with Value of $1.561.4 Billion till 2020

Published on : Apr 26, 2017

Albany, New York, April 26, 2017: The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada, and Mexico. The insurance industry in NAFTA countries is showcased under the report that has displayed a positive CAGR growth and will continue to showcase by 2020. Further, to provide more instinct of the insurance industry in NAFTA countries, Market Research Hub (MRH) has recently added an analyzed report titled as “Insurance North America (NAFTA) Industry Guide 2016” in the wide report archive. The provided analysis has given the complete information of insurance industry in North America with market size and scope, valued from 2011-2015, and forecasted to 2020.

NAFTA is a trade agreement between the U.S, Canada, and Mexico and according to an analysis, insurance industry within the NAFTA countries had a total market share of $1,465.8 billion in 2015. Mexico being the fastest growing country, with a CAGR of 8.7% over the 2011-15 period. The U.S is undoubtedly the leading country among the NAFTA bloc, with market revenues of $1,329.3 billion in 2015, followed by Canada and Mexico, with a value of $111.6 and $25.0 billion, respectively.

The reliable analysis is done further and it is expected that the U.S. will lead the insurance industry in the NAFTA bloc, with a value of $1,561.4 billion in 2020, followed by Canada and Mexico with expected values of $130.5 and $35.7 billion, respectively.  

The given analysis is a repository of definitions and briefing of NAFTA insurance industry market. Moreover, it provides comprehensive insurance industry outlook in Canada, Mexico, and North America; including market overview, market segmentation, market, five forces analysis and macroeconomic indicators.

Finally, company profile and leading companies are evaluated and listed for the complete detailing of the industry. The key players for the insurance industry of North America are figured for revenue & profitability and assets & liabilities:

  • Assurant Inc.
  • Intact Financial Corporation
  • Knights of Columbus
  • Torchmark Corporation
  • Grupo Financiero Banamex S.A. de C.V.
  • Banco Bilbao Vizcaya Argentaria, S.A
  • Grupo Nacional Provincial S.A.B.
  • MetLife Inc.
  • The Allstate Corporation
  • Berkshire Hathaway Inc.
  • Liberty Mutual Holding Company Inc.
  • State Farm Mutual Automobile Insurance Company

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The provided research is detailed with every key aspect of insurance industries under NAFTA, providing the market size by value in 2015 and expected market size in 2020. Factors affecting the NAFTA insurance market and its performance over the last five years is also delivered by the given research.

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