Slow Premium Growth For 2007, Say Analysts

The industry is set to enjoy its most profitable year since 1936, but the next two years are expected to see a slowdown in profit and premium growth, according to the Insurance Information Institute.

The I.I.I., in its annual Groundhog Day forecast, said the consensus of analysts surveyed by the organization is that insurers’ profitability will continue through 2007 but has slowed, and the trend toward decreased profitability will continue through 2008.