Given the severity of the economic downturn, the U.S. property/casualty insurance industry has performed remarkably well in recent years, a group of industry experts observed in a panel discussion.
The insurance industry’s performance was especially impressive held up against other businesses with asset risk exposure, such as banks and brokerages, noted panelist Joseph Guastella, partner, Insurance Industry, Strategy and Operations, Deloitte. “If you look at the performance of the property/casualty industry versus other financial sectors, it has been a stellar performance,” said Guastella, speaking at the14th annual Property/Casualty Insurance Joint Industry Forum in New York.
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