Evolving Consumer Markets Challenge Personal Lines Insurers
|PR Newswire Association LLC|
"The U.S. consumer market is undergoing significant change in its social and economic structure with far-reaching implications for personal lines insurers, for the products they provide, and for their distribution strategies," said
The Conning study, "2014 Personal Lines Consumer Markets Annual" reviews the overall consumer demographic landscape, and develops a view as to how these pressures might impact the market. The study reviews key niche segments as well, including high net worth, nonstandard auto insurance risks, seniors, the youth market, and the rapidly growing Hispanic market.
"Every aspect of the insurance consumer profile is changing, many in ways that will dramatically challenge insurers to remain successful and relevant," said
Conning (www.conning.com) is a leading investment management company for the global insurance industry, with more than