Industry Forecast Predicts Slower Premium Growth, But Underwriting Profit in 2007 and 2008
February 5, 2007
The Insurance Journal
"Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute's annual survey of Wall Street stock analysts and industry professionals released each year on Feb. 2, Groundhog Day. This year's survey results indicate that the respite in catastrophe losses in 2006, combined with a strong performance in virtually all other major lines of property/casualty (P/C) insurance, will, in all likelihood, propel the industry to its best underwriting performance since 1936. Analysts further expect the industry's profitability to continue in 2007, albeit with an underwriting performance that generates a much smaller underwriting profit; the trend of decreasing underwriting profits is expected to continue in 2008..."
The Insurance Journal
"Most insurance industry analysts predict slower P/C premium growth for 2007, according to an Insurance Information Institute's annual survey of Wall Street stock analysts and industry professionals released each year on Feb. 2, Groundhog Day. This year's survey results indicate that the respite in catastrophe losses in 2006, combined with a strong performance in virtually all other major lines of property/casualty (P/C) insurance, will, in all likelihood, propel the industry to its best underwriting performance since 1936. Analysts further expect the industry's profitability to continue in 2007, albeit with an underwriting performance that generates a much smaller underwriting profit; the trend of decreasing underwriting profits is expected to continue in 2008..."
posted by AVRECO at 9:03 AM
<< Home