A dozen Wall Street analysts are predicting an average combined ratio of 98 for 2006 for the property-casualty insurance industry, but it could be even better, according to the developer of the annual "Early Bird" survey.
On the other hand, early predictions of a hardening market in 2006, with overall premium growth of 4.7 percent, will likely be tempered, Robert Hartwig, senior vice president and chief economist at the Insurance Information Institute, told National Underwriter.
Explaining why the "Early Bird Forecast" of a combined ratio two points better than break-even for 2006 just published by the Institute is already ripe for revision, Mr. Hartwig said analysts were surveyed in mid-December, before nine-month results for 2005 were released by the Insurance Services Office and the Property Casualty Insurers Association of America.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
