Decades of under-pricing their P&C business and under-reserving the losses associated with it is not easy to overcome and takes a while to do so. Still don’t think this has sunken in with management there. You don’t go from being the “price leader” to having responsibly priced products overnight. Maybe one day they will learn, if still employed there.
Decades of under-pricing their P&C business and under-reserving the losses associated with it is not easy to overcome and takes a while to do so. Still don’t think this has sunken in with management there. You don’t go from being the “price leader” to having responsibly priced products overnight. Maybe one day they will learn, if still employed there.