Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The P/C market is in a hardening pricing phase, gaining momentum in the latest quarter. (Photo: Shutterstock)

After gaining momentum in recent quarters, the U.S. property and casualty (P&C) insurance market is entering a hardening pricing phase, with favorable pricing trends expected to continue in the current P&C underwriting cycle, says Fitch Rating’s new report, “The Property/Casualty Underwriting Cycle: Shallower Market Peaks and Valleys Ahead.”

However, in spite of the market’s positive outlook, a few factors will prevent insurers from gaining high capital returns. “Competitive forces and less favorable claims trends in some lines make it unlikely that recent rising premium rate trends will lead to enduring hard market profits and double-digit returns,” says Fitch Rating’s James Auden in the report.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Heather A. Turner

Heather A. Turner is the digital managing editor of NU PropertyCasualty360.com.

More from this author


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.