Non-public P&C insurance carriers are reporting continued rate increases, with direct-written premiums increasing 3.7 percent in 2011 compared to 0.3 percent in 2010, according to a report from SNL Financial.
The SNL report, based on company filings with the National Association of Insurance Commissioners (NAIC) by non-public insurance carriers, “finds more evidence of the turn in the pricing cycle previously observed by the combination of agent surveys, retail brokers and regional, commercial-lines-focused insurers.”
SNL says its analysis was based on a review of management discussions and annual-statutory statements filed with state-insurance regulators, as well as annual reports by select reciprocal exchanges, privately held stock companies and mutual carriers.
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.
