The property-casualty insurance industry is in strong financial condition, and it should be able to withstand the current drop in prices and a forecast decline in premium growth, according to a research firm report.
Hartford-based Conning Research, in its latest "Property-Casualty Industry Forecast," said the pricing outlook for the next three years, through 2010, is generally soft for the industry as a whole.
Conning's report projects a decline in premiums of 0.5 percent for 2008, compared with growth of 0.2 percent for 2007. Premium growth will be 2 percent in 2009, and 3.4 percent in 2010, the firm forecast.
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
© 2025 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.
