Based on sustained pricing increases and a normal level of catastrophe losses, the P&C industry, as a whole, is experiencing a return to profitability, strong net-premium growth and a substantially improved combined ratio for 2013, according Conning’s “Property-Casualty Forecast & Analysis by Line of Insurance.” The quarterly forecast and report is developed by Conning using a proprietary property/casualty industry model and analysis of key industry drivers and data.

“Stronger preliminary results for 2012 despite Superstorm Sandy—a 6-percent return on equity and a 103-percent combined ratio—reinforce that the effect of price increases and improved underwriting are taking hold throughout the industry, ” said Steven Webersen, managing director at Conning. “Conning’s 2013 property/casualty forecast is for net premium growth to accelerate at a 4.6-percent rate over prior year based on continued rate increases.”

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access