Filed Under:Carrier Innovations, Information Security

A Six-pack of Problems

The U.S. economy is always top of mind for property/casualty insurers—particularly when it remains sluggish for two or more years—but there are other issues for carriers to address if they want 2011 to be successful.

Ernst & Young, in its 2011 outlook, lists six key issues for insurers to address. Leading the way for IT leaders is predictive analytics.

Votta and E&Y can’t predict the date when the market will finally re-harden, but he feels it is imperative for carriers to understand what needs to happen before there is a change.

“There’s over-capacity, yet the underwriting margins aren’t where they were three or four years ago,” he says. “Investment income results have not been where they were historically. There are a lot of signs where historically the market has turned in terms of how thin margins can get and how low cash flow can go. But I think what is holding back any turn is the amount of capital that is sitting, particularly in the P&C industry. [Capital] has to be less available for there to be any market change in pricing.”

Featured Video

Most Recent Videos

Video Library ››

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

Top Story

Taiwan earthquake collapses two high-rises. Shoddy construction investigated

The Taiwanese government has ordered an investigation into a building's collapse, as images show tin cans built into the walls of the toppled complex.

More Resources


eNewsletter Sign Up

Carrier Innovations eNewsletter

Critical news on the latest tech solutions, information security, analytics and data tools and regulatory changes to help decision-makers at insurance carriers keep their business thriving – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.