Advisen Briefing Abstract: The Insurance Market in '06: A Resilient Soft Market Marches On
Publication Date: February 23, 2006
Source: Advisen -- Insurance Market
"The soft phase of the commercial insurance pricing cycle, which began in earnest in 2004, demonstrated remarkable resiliency in the face of record-shattering catastrophe losses in 2005. Average rate levels for every major line of business trended lower for the full year. While property premiums twitched upwards in the fourth quarter in response to the hurricane losses, the robust capital position of the industry should stamp out a pricing rally and usher in a year of yet lower insurance prices..."
Source: Advisen -- Insurance Market
"The soft phase of the commercial insurance pricing cycle, which began in earnest in 2004, demonstrated remarkable resiliency in the face of record-shattering catastrophe losses in 2005. Average rate levels for every major line of business trended lower for the full year. While property premiums twitched upwards in the fourth quarter in response to the hurricane losses, the robust capital position of the industry should stamp out a pricing rally and usher in a year of yet lower insurance prices..."
posted by AVRECO at 8:45 AM
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