S&P Global Market Intelligence forecasts a significant return to underwriting profitability for the U.S. property/casualty (P/C) insurance industry in 2024.
Tag: Property/Casualty industry
Triple-I: Insurance Economic Drivers Outperforming Overall U.S. GDP
The economic drivers of the U.S. property/casualty (P/C) insurance industry are now growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Insurance Information Institute’s (Triple-I) latest Insurance Economics Outlook.
U.S. P/C Insurance Industry’s Underwriting, Net Income Increases in First-Half 2021: AM Best
The U.S. property/casualty (P/C) industry grew its net underwriting income by 28% in the first six months of 2021 compared with the same prior-year period, according to a new AM Best report. ‘This financial review is detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2021 Property/Casualty Financial Results,” and the data is… Continue reading U.S. P/C Insurance Industry’s Underwriting, Net Income Increases in First-Half 2021: AM Best