Global P&C premiums are expected to more than double to USD 4.3 trillion in 2040 from USD 1.8 trillion in 2020, as the P&C portfolio composition is expected to shift from lower-risk motor insurance towards higher-risk property and liability lines, according to Swiss Re Institute’s sigma study. More risk: the changing nature of P&C insurance… Continue reading Global P&C Insurance Premiums Expected to More than Double to $4.3 Trillion by 2040: Swiss Re Institute
Tag: P&C insurance premiums
COVID-19 to Weaken U.S. P&C Insurers’ Premiums, Investments: Moody’s
For US property and casualty insurers, Moody’s analysts expect the economic shock from coronavirus to cause a decline in premiums, higher claim costs in certain business lines, lower claim frequencies in others, more volatile investment results, and a deterioration in capital. For claim costs, the coronavirus is expected to have mixed effects, with lower frequencies… Continue reading COVID-19 to Weaken U.S. P&C Insurers’ Premiums, Investments: Moody’s
Global Commercial Insurance Prices Up 3% in Q1 2019: Marsh
Today Marsh released its Global Insurance Market Index for the first quarter of 2019. Key findings include: Average commercial insurance prices increased 3% in Q1 2019, the largest increase since the survey began in 2012. Q1 2019 represents the sixth consecutive quarter of average commercial insurance pricing increases. Composite pricing in Q1 increased in all… Continue reading Global Commercial Insurance Prices Up 3% in Q1 2019: Marsh