Better capital management will serve as one of the primary goals for the property-casualty industry next year, according to a report from Ernst & Young.
"The past four years have been marked by unrelenting regulatory scrutiny, unparalleled catastrophic losses and an incredibly vibrant hard market," said Pete Porrino, global director of insurance, Ernst & Young Global Insurance Center.
The industry exhibited strong resiliency in 2006 with advances in the form of stronger balance sheets, better controls, improvements in risk management and continued advances in pricing techniques.
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