Net written premiums in commercial lines increased by approximately 4 percent in 2012, according to new figures from Fitch Ratings, due out tomorrow in a report, titled “Commercial Lines Market Update.” This revenue growth is attributable largely to significant increases in premium rates over the last 18 months across nearly all segments and a return to modest insured exposure increases in a slower growth economic environment.
U.S. commercial lines insurance underwriting performance also improved moderately last year, according to Fitch’s review of initial industry financial results for 2012, indicating that a market turn is taking hold, citing a second year of material premium growth and signs that loss ratios reached a cyclical peak in 2011 as indicators.
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