Revealed – factors behind underwriting loss for P&C industry
Report also highlights industry projections
Source: insurancebusinessmag.com
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Expect Loss Pressures to Continue in the P&C Industry Due to Inflation, Supply Chain and Riskier Driving Behavior, New Triple-I/Milliman Report Shows
/PRNewswire/ -- The property/casualty insurance industry saw the 2021 net combined ratio increase to 99.5, 0.8 points higher than 2020, driven by deterioration...
Source: prnewswire.com
P/C Carriers Hit By Inflation, Supply Chain and Riskier Driving Behavior
Michel Léonard, PhD, CBE, Chief Economist and Data Scientist, and head of Triple-I's Economics and Analytics Department, discussed key macroeconomic trends impacting the property/casualty insurance industry results. The average replacement costs for P&C lines is 16.3 percent, nearly twice the U.S. average CPI of 8.5 percent, "he said, noting that while the...
Source: insurancenewsnet.com