Last year saw strong premium growth in Personal Lines due to rate increases, while softening rates continued to a decline in Commercial Lines premiums, according to Swiss Re's "Global insurance review and outlook for 2017/18." Rates are hardening in Commercial Auto, however.
Overall, the U.S. P&C industry combined ratio was 99.8 percent in the first half of 2016 — a 2.2 point deterioration.
For more information, read the infographic looking back on the P&C industry in 2016 and looking forward to 2017 and 2018, based off of information from Swiss Re.
(Click image to expand.)
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