Is the World a Riskier Place? Dr. Robert Hartwig Examines

As we enter the new year, PLUS Blog brings you a clip from Dr. Robert Hartwig’s standing room only presentation at the 2011 PLUS International Conference.

In his presentation, Dr. Hartwig looks at the level of risk in the world as we approach (and are now in) 2012, and answers the question “Is the World a Riskier Place?”

The entire session is  available for view on the PLUS website by visiting www.plusweb.org/education/multimedia. You must be a member and logged-in to the website to view the multimedia content.

Happy New Year!

Property / Casualty Insurance Industry Improves During 2010

In an article by 2011 PLUS International Conference Speaker Dr. Robert Hartwig, CPCU, he summarizes that the property/casualty insurance industry’s performance continued to improve in 2010.

Increased profitability and rising capacity during the year were primarily attributable to improved investment market conditions, stable underwriting results and a lack of megacatastrophes. At the same time, persistent soft market conditions and lingering but receding effects of the deep recession continued to impact growth.

You can read the full article, including all of the research behind his findings, here on the Insurance Information Institute website.

Insurance Industry Employment Trends: 1990-2011

The Insurance Information Institute has a great dissection of employment data in the insurance industry written by Dr. Robert Hartwig.  From the article:

In December, except for health insurance carriers, more people were working in insurance than in November. P/C carrier employment rose to 462,300—up 700 from November but otherwise the lowest P/C carrier employment level in over 20 years. Employment in the U.S. reinsurance industry also rose (by 800) and has now recovered the jobs lost since the end of 2008. On the life insurance carrier side, employment rose by 400 jobs (up 0.4 percent) to 375,100. Health insurers shed another 1,000 jobs in December (to an employment level of 423,200) and are down 17,000 for the 12 months ending in December 2010. The number of agents and brokers rose by 1,000, up 0.3 percent in December over November, to 641,700—up 8,600 vs. September 2010. Employment in claims adjusting rose by 1,200, so the December total is now higher than all the monthly reports in 2010.

You can read the abstract from the report and download the full presentations here on the Insurance Information Institute website.