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Insurance Industry Table of Contents
A Short Insurance Industry Glossary i
Introduction 1
How to Use This Book 3
Chapter 1: Major Trends Affecting the Insurance Industry 7
1) Introduction to the Insurance Industry 7
2) Aging Populations Create Challenges and Opportunities for the Insurance Industry 10
3) Sophisticated Risk Management and Prevention Programs Lead to Lower Losses 11
4) Risk Managers Seek Certification 11
5) Independent Agencies Continue to Dominate Commercial Insurance, but Play a Lesser Role in Personal Lines 12
6) Insurance Direct Selling and E-Commerce Grow 12
7) Technology Drives Efficiencies in Back Office Tasks, Underwriting, Agency Networks and Customer Service 13
8) States Pick Up Some Wind and Flood Risk for Homeowners/Underwriters Rely on Sophisticated Risk Analysis Technology to Set Rates 15
9) Insurance Industry Mergers and Acquisitions Continue After the Financial Crisis 17
10) No End in Sight to the Growth of Specialized Insurance Lines 17
11) Annuity Account Managers Create New Product Strategies 17
12) Major U.S., Japanese and European Insurance Firms See Vast Promise in the Chinese and Southeast Asian Market 18
13) Insurance Firms Target Markets in Emerging Nations 19
14) Continued Rise in Health Care Costs 20
15) U.S. Health Care Reform Act of 2010 Set to Bring Big Changes 20
16) Employers Push Health Care Costs onto Employees/On-Site Clinics Begin to Appear 22
17) Malpractice Suits Are Blamed for Rising Health Care Costs/Tort Reform Is Capping Awards for Damages 23
18) Hedge Funds Regroup and Play a Major Role in Financial Products of all Types, Including Derivatives, Lending and Insurance 25
19) Credit Default Swaps (CDS) and Derivatives Soar into the Trillions of Dollars 26
20) Aging Populations, Baby Boomers Create Opportunities/U.S. Pension Accounts Top $18.1 Trillion 27
21) 2010 Reform Act Increases Regulation of Financial Industry, including Banks, Investment Companies and Insurance Firms 29
Chapter 2: Insurance Industry Statistics 31
Insurance Industry Overview 32
Top 25 Global Insurance Companies by Revenues: 2010 33
Top 20 Global Property & Casualty Insurance Companies by Revenues: 2010 34
Assets & Liabilities of U.S. Property-Casualty Insurance Companies: 2006-1st Quarter 2011 35
Typical U.S. Automobile Insurance Costs, per Year: 2011 36
Top 20 Global Life Insurance Companies by Revenues: 2010 37
Assets & Liabilities of U.S. Life Insurance Companies: 2006-1st Quarter 2011 38
Employers' Costs for Health Insurance, Amount & Percent of Total Compensation, U.S.: Selected Years, 2006-2010 39
The Nation's Health Dollar: 2012 Where It Came From (Estimated) 40
Number & Percent of Persons of All Ages with and without Health Insurance Coverage, U.S.: 1999-2010 41
Number & Percent of Persons of All Ages without Health Insurance Coverage, by Race/Ethnicity, U.S.: 2002-2010 42
Number & Percent of Persons without Health Insurance Coverage, by Age Group, U.S.: 1999-2010 43
Number & Percent of Persons without Health Insurance Coverage, by Age Group & Sex: U.S.: 2010 44
Affordable Care Act Overview 45
Medical Care Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2011 47
Retirement Benefits in the U.S.: Access, Participation and Take-Up Rates, March 2011 48
Life Expectancy at Age 65, U.S. 49
Employment in the Insurance Industry, U.S.: 2003-2010 50
Employment & Earnings in Insurance Industry Occupations, U.S.: May 2010 51
Chapter 3: Important Insurance Industry Contacts 53
(Addresses, Phone Numbers and Internet Sites)
Chapter 4: THE INSURANCE 300:
Who They Are and How They Were Chosen 73
Industry List, With Codes 74
Index of Companies Within Industry Groups 75
Alphabetical Index 83
Index of U.S. Headquarters Location by State 86
Index of Non-U.S. Headquarters Location by Country 89
Index by Regions of the U.S. Where the Firms Have Locations 91
Index by Firms with International Operations 101
    Individual Data Profiles on Each of THE INSURANCE 300    103
Additional Indexes
Index of Hot Spots for Advancement for Women/Minorities 426
Index by Subsidiaries, Brand Names and Selected Affiliations 428