Year in review. Several key factors are changing the lens through which insurance coverage is viewed. (Photo: Shutterstock)

Deloitte released its annual Insurance Industry Outlook for this year, and the document examines industry strategies, and sheds light on a number of emerging trends such as breakthroughs in technology and an uptick in premiums. The report further reveals that property-casualty insurers in the United States saw major underwriting losses to the tune of $5.1 billion.

This is more than double the first half of 2017. What is emerging, as a result, is a ‘soft market’ in the auto and property-catastrophe industry.

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