"The growth in premiums that you're seeing is a reflection of a very difficult operating environment," says Tim Zawacki, principal insurance research analyst with S&P Global Market Intelligence. (Credit: chaiyapruek/AdobeStock)
At first glance, the substantial, double-digit growth exhibited by several of the top P&C insurance groups and companies between 2021 and 2022 would seem to signal a robust industry immune to the inflation-driven belt-tightening that's rattled so many other businesses and individuals.
But look closer, says Tim Zawacki, principal insurance research analyst with S&P Global Market Intelligence, and you'll find that many of the insurance organizations highlighted in his company's annual list of Top 100 Insurance Groups and Companies have instituted notable rate increases.
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Elana Ashanti Jefferson
Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
