The “Analyzing the Insurance Industry in the US 2021” report has been added to ResearchAndMarkets.com’s offering.
This report Analyzing the Insurance Industry in the US provides an in-depth analysis of the US insurance industry.
The US insurance industry is the biggest insurance market in the world. Despite a number of challenges, the insurance sector in the US is not expected to slow down much in the face of the novel coronavirus pandemic.
The COVID-19 and the resulting economic impact have led to a radical shift in consumer needs, expectations, and spending habits. It has also brought about nearly complete virtualization of the insurance industry almost overnight.
While the insurance industry in the US adapted quickly to the changes required, insurers are still likely to face many challenges to profitability and growth in the short term. The short-term outlook for the insurance industry in the United States is cautiously optimistic.
With Joe Biden and the Democratic Party winning the 2020 presidential elections, there are believed to be good things slated for the insurance industry, especially the health insurance sector. Biden has stated several times in the past that he is fully committed to expanding the Affordable Care Act, and the new administration looks set to push through changes in this field in the coming months.
Getting past the pandemic, it is expected that the US life and non-life insurance sectors should look forward to a stable growth in 2021 and 2022. In such…
