The recession will suppress premium exposure growth and prompt aprolonged soft market for most commercial lines through 2010,Conning Research and Consulting predicts.
Indeed, the property and casualty market won't see a turnarounduntil 2011, Hartford-based Conning said in its latest forecast.
“The combination of continuedprice decreases in most commercial lines of business and therecession suppressing exposure growth continues a string ofnegative premium growth for 2009 that began in 2007,” noted ClintHarris, a Conning analyst.
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.