Is Underwriting Discipline Here For The Long Haul?

At the end of every soft market, you hear insurers and reinsurers lament their mistakes in writing coverage that was too broad, at too cheap a price. You get the equivalent of school children being sent to the blackboard to write, “I will maintain underwriting disciplineI will maintain underwriting discipline” 1,000 times.

However, up until now, the insurance industry has rarely learned its lesson. Inevitably, prices soar and coverage tightens to the point that CEOs start drooling at the prospect of gaining marketshare by stealing business from more “disciplined” competitors. So much for underwriting!

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.