Recent reports generally agree that the property and casualty industry outlook for 2014 is “stable,” with rate increases continuing, but moderating from the pace of the last two years.
Ratings agency Moody's Investors Service recently gave the global P&C industry a stable outlook for next year. Fitch Ratings yesterday offered a similar assessment, giving a stable ratings outlook to both commercial and personal lines, and a stable sector outlook as well.
Fitch says its ratings outlook reflects that “a large majority of ratings in Fitch's universe currently have stable rating outlooks, and over the next 12−18 months limited rating changes for individual issuers are anticipated.”
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