The U.S. personal lines sector posted improved aggregate underwriting profits, with a 98.7% combined ratio (CR) in 2019. This result was driven by the homeowners’ insurance segment, which turned profitable (98.5% CR) with a respite from large catastrophe losses from hurricane and wildfire events that led to underwriting losses in the previous two years. The… Continue reading Personal Lines Underwriting Profits Likely to Continue Amid Coronavirus Disruption
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Personal Lines Rate Changes Driven by Improved Margins and Desire for Growth: KBW
Much-improved margins and the accompanying, and predictably widespread, desire for top-line growth should translate into steadily-declining personal lines rate changes, according to Keefe, Bruyette & Woods (KBW). KBW expects most commercial lines’ rates to rise in response to weak underwriting profits, although workers compensation rates should keep falling, probably more slowly than in 2018. Analysts… Continue reading Personal Lines Rate Changes Driven by Improved Margins and Desire for Growth: KBW