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Boat Insurance in the US Industry Market Research Report Now Available from …

Friday, December 7th, 2012

Boat Insurance in the US Industry Market Research Report Now Available from …
News from Midland Daily News:

As the economy and disposable income improve, consumers will likely loosen their purse strings and return to spending on boats and, thus, necessary insurance. For this reason, industry research firm IBISWorld has updated its report on the Boat Insurance industry.

Los Angeles, CA (PRWEB) December 07, 2012

The Boat Insurance industry has struggled to stay afloat over the past five years due to low demand in the wake of the Great Recession, says IBISWorld industry analyst Eben Jose. An annualized 8.0% increase in oil prices also made boating more expensive over the period. Combined with low disposable income, new boat sales plunged more than 15.0% annually between 2008 and 2010. Likewise, existing boat owners chose to downgrade their boat insurance policies to cut costs. Consequently, industry revenue is projected to sink 0.9% annually on average to $ 25.9 billion over five the years to 2012. Higher competition stemmed from online retail, facilitating the comparison of boat insurance products. It also led to increased market share for major companies like Allstate and State Farm, which were best positioned to offer discou…………… continues on Midland Daily News

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Insurance Statistics Yearbook 2001


This annual publication gathers major official insurance statistics for all OECD countries as well as Singapore which has an observer status to the OECD Insurance Committee. The reader is provided with information on the diverse activities of this industry and on international insurance market trends. The data, standardised as far as possible, cover the period 1992-1999. They are broken down under numerous sub-headings, and a series of indicators makes the characteristics of the national markets more readily comprehensible.
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