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.
21 04, 2011