Share of losses in auto insurance industry U.S. 2017 and 2050, by insurance line

Published by Jennifer Rudden, Dec 19, 2022
The statistic shows the distribution of losses in auto insurance industry in the United States in 2017 and 2050, by insurance line. The source estimated that the products liability line of business will grow to 57 percent by 2050 due to greater use of autonomous vehicles in the coming years.

Distribution of losses in auto insurance industry in the United States in 2017 and 2050, by insurance line

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Release date

June 2017

Region

United States

Survey time period

2017

Special properties

figures are estimates

Supplementary notes

*Forecast.
Note: total losses were estimated to decrease by 71 percent from 192 billion U.S. dollars to 55 billion U.S. dollars between 2017 and 2050.

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