After suffering through a year of elevated property losses andpoor underwriting results in 2011, U.S. commercial-lines insurersare positioned to deliver improved operating results this year—butcarriers will still struggle to reach previous profit marks, oneanalyst says.
Recent reports also indicate that insurers should continue tosee rising prices and hardening market conditions, with risksbeginning to move from the standard market back to thesurplus-lines space.
Fitch Ratings insurance analystJames B. Auden says increasing commercial-insurance rates andpremium-volume growth will contribute to better underwritingperformance in 2012.
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