Commercial Lines

The 2014 outlook for the global P&C industry is stable thanks to expected premium growth from the economic recovery and stable-to-rising penetration rates, says Moodys Investors Service.

Two common themes emerge when talking with risk managers renewing their insurance programs: In terms of rates, staying flat is the new win, and effective risk management in 2013 helped to maintain or lower rates for this year.

This past year saw the industry faced with issues both new and old. Some events were noteworthy for their general news impact, others for their direct influence on the property and casualty industry, and still others for the massive amount of interest they generated among PC360's readership.

This past year saw the industry faced with issues both new and old. Some events were noteworthy for their general news impact, others for their direct influence on the property and casualty industry, and still others for the massive amount of interest they generated among PC360's readership.

Low catastrophe losses, premium growth and increased competition strengthened the property and casualty industrys bottom line in 2013, but those same factors will create downward pressure on pricing in the coming year and create a continued, if uneven, buyers market, says broker Lockton.

Low catastrophe losses, premium growth and increased competition strengthened the property and casualty industrys bottom line in 2013, but those same factors will create downward pressure on pricing in the coming year and create a continued, if uneven, buyers market, says broker Lockton.