Following 2006′s banner year, the property-casualty industry faces new challenges for the rest of the decade, according to a new Conning study.
Property-casualty insurers had a successful year in 2006 due to relatively light catastrophes. "Yet while 2007 is certainly off to a good start, the next two and a half years will likely be pressured by a return to more normal catastrophe activity," the report notes.
A combination of deteriorating premium rate adequacy, increasing loss severity and limited growth in investment yields will add to the pressure, according to the most recent forecast of the property-casualty industry by Conning Research and Consulting.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.