P&C Industry Profitability to Continue Improvement
Return-on-equity continues to dampen results and pressures underwriting, pricing.
INN Breaking News, April 11, 2013
Based on sustained pricing increases and a normal level of catastrophe losses, the P&C industry, as a whole, is experiencing a return to profitability, strong net-premium growth and a substantially improved combined ratio for 2013, according Conning’s “Property-Casualty Forecast & Analysis by Line of Insurance.” The quarterly forecast and report is developed by Conning using a proprietary property/casualty industry model and analysis of key industry drivers and data.
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