property & casualty insurers News

Continuing Profitability for P/C Insurers as Results Deteriorate

Private U.S. property/casualty insurers’ net income after taxes fell to $55.5 billion in 2014 from $63.4 billion in 2013, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus dropping to 8.4 percent from 10.2 …

Nearly 100% of Insurers Report Higher Profits Using Predictive Modeling

Predictive modeling has notably increased in value across several areas of property/ casualty insurers’ business over the past six years, according to global professional services company Towers Watson’s annual Predictive Modeling Survey. The web-based survey of U.S. and Canadian P&C …

P/C Small Business Insurance Market Ripe for Consolidation: Conning

If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here’s why: Both large and small insurers devote lots of attention to the space, but no single company carries more than a …

P/C Insurers’ 2013 Profits Reflect First Underwriting Gains Since 2007

 Private U.S. property/casualty insurers’ net income after taxes grew to $63.8 billion in 2013 from $35.1 billion in 2012, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus climbing to 10.3 percent from 6.1 …

U.S. P/C Insurers Report Improved 2013 Performance: Fitch

U.S. property/casualty insurers’ operating performance improved in 2013, according to a new Fitch Ratings report. The improvement is largely a result of lower catastrophe-related losses and reductions in the core loss ratio from premium rate increases across many product segments. …

Insurers Boost California Economy by $30.2B

California has a near $2 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the property/casualty insurance industry, according to a new report. Insurers contributed $30.2 billion to California’s 2011 …

P/C Insurers’ 2013 Performance Not Likely to Repeat

Property/casualty insurers will be hard-pressed to repeat the industry’s stellar 2013 performance, a panel of industry chief executives agreed at the 18th annual Property/Casualty Insurance Joint Industry Forum, held on January 14. The CEOs, drawn from a cross-section of the …

P/C Insurers Focus on Underwriting, Data and Analytics in 2014: EY Report

In the face of continued economic, competitive and regulatory challenges, property/casualty insurers are seizing opportunities to improve underwriting discipline, drive operating efficiencies and leverage data and enhanced analytics to sustain growth and widen their performance advantage, according to EY’s 2014 …

Stronger Underwriting Improves P/C Insurers’ Bottom Line in First Half of 2013

Private U.S. property/casualty insurers’ net income after taxes rose to $24.5 billion in first-half 2013 from $17.2 billion in first-half 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus increasing to 8.2 …

P/C Insurers’ Overall Results Improved in First Quarter 2013

Private U.S. property/casualty insurers’ net income after taxes rose to $14.4 billion in first-quarter 2013 from $10.2 billion in first-quarter 2012, with insurers’ overall profitability as measured by their annualized rate of return on average policyholders’ surplus climbing to 9.6 …