One line that has been particularly influenced by inflation is private auto. S&P's report states private auto will account for over 35% of the net P&C premium written in the U.S. in 2022. (Credit: calypso77/Adobe Stock)
At the end of 2022, the insurance industry could post a calendar-year combined ratio of 100.4%, says a recent market report from S&P Global Market Intelligence. This would make it the P&C industry's first unprofitable year from an underwriting standpoint since 2017. While some P&C business lines in the U.S. have seen continued favorable conditions, the report notes, that has been largely offset by the inflationary pressure on other lines.
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:
- 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? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
