AM Best maintains a stable market segment outlook for the U.S. personal lines insurance industry through 2022, owing to the property/casualty segment’s strong risk-adjusted capitalization, underwriting actions limiting volatility in the homeowners segment, and the acceleration of technology adoption in the pandemic environment. According to AM Best’s new Best’s Market Segment Report, “Market Segment Outlook:… Continue reading The Road Ahead for Personal Lines in 2022
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Personal Lines Underwriting Profits Likely to Continue Amid Coronavirus Disruption
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