Filed Under:Agent Broker, Personal Lines Business

Home, sweet home: Homeowners' insurance by the numbers

The Chalkboard

According to a recent Moody's Personal Lines Outlook, Homeowners’ insurers were profitable through the first half of 2015 after two straight profitable years in 2013 and 2014. Homeowner's insurers have benefitted from continued rate increases, although Moody's notes these increases are slowing — from 7% in 2013 to 5.4% in 2014, to about 4% expected in 2015, partly because of lower catastrophe reinsurance costs.

The Moody's report notes that insurers have been adopting “more sophisticated by-peril rating plans to better align premiums to specific perils,” such as wind, fire, hail, lightning and theft. “Assuming it is well-executed,” the report continues, “the multivariate approach should improve pricing efficiency and reduce earnings volatility.”

Related: The housing game has changed. Are you playing to win?

Below, a summary of Homeowners' insurance findings from SNL Financial, Moody's and Munich Re. Click image to expand.

Related: These infographics tell the story of 2015 in insurance

Have you Liked us on Facebook?

Featured Video

Most Recent Videos

Video Library ››

Top Story

Mitigating active shooter risks

Preparing your workforce without creating a sense of panic.

Top Story

9 solar eclipse safety tips & risk concerns you need to know for Aug. 21

An estimated 500 million people across North America will be impacted as the moon passes between the sun and Earth in the 70-mile wide path of the total eclipse on Aug. 21, 2017.

More Resources

Comments

eNewsletter Sign Up

Agent & Broker Insider eNewsletter

Proven success tips and essential information to help agents and brokers grow their practice – FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.