Although property and casualty insurers weathered the global financial crisis better than other types of financial services firms, emotional scars remain—scars that have prompted insurers to hang onto extra capital, an industry expert contended.
This innovation will give P&C insurers a less risky, cost effective solution to full policy administration system replacement, while achieving their strategic objectives to grow into new markets or expand an existing book of business.
An executive with Reagan Consulting believes the current rate of merger and acquisition activity over the past five weeks will not be sustained throughout 2011.
Three major themes of the challenges facing property and casualty insurance agents in 2011 come under the headings of managing finances, technology and political mandates.
With each new year, there is the hope that the previous year's problems will fade into the distant past. Often, however, the reality is that those issues remain present challenges.
With the pace of economic recovery slow in mature insurance markets, property and casualty carriers have set their sights beyond the United States and Western Europe.
Regulatory initiatives dealing with implementation of the financial services reform law, and such old business as providing certainty to the NFIP will keep p&c insurance industry lobbyists extremely busy this year.
Customer satisfaction declined in the finance and insurance sector, according to the latest monthly University of Michigan American Customer Satisfaction Index, but
The property and casualty insurance industry suffered a 3 percent slide in third-quarter net income, causing a drop in the rate of return on surplus, but nine-month results show a robust increase of 62 percent, according to a an industry report.