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Analysis

State of the P&C insurance market in Q3 2020

Burns & Wilcox notes the insurance market continued to harden while capacity remained tight but not scare as carriers deployed resources more strategically.

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The past 18-24 months have seen hard market conditions, and Q3 was no exception as these trends are expected to continue into 2021 and perhaps further, according to Burns & Wilcox, Ltd. (credit: iQoncept/Shutterstock.com) The past 18-24 months have seen hard market conditions, and Q3 was no exception as these trends are expected to continue into 2021 and perhaps further, according to Burns & Wilcox, Ltd. (credit: iQoncept/Shutterstock.com)

The U.S. property & casualty (P&C) market continued building on the momentum from the first half of the year into the third quarter, according to Burns & Wilcox, Ltd., which reported insurers and reinsurers remain committed to underwriting profitability through close management of rates, terms, conditions and spread of risk.

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Steve Hallo

Steve Hallo

Steve Hallo is an assistant editor with PC360 Group. Prior to his current position, Steve spent nearly a decade covering retail transformation, consumer trends, manufacturing issues and supply chain challenges impacting global CPG markets. He can be reached at [email protected], and on LinkedIn and Twitter.  

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