2013 industry forecast News

With 2012 preliminary results showing improvement in profitability in the sector, the property/casualty insurance industry should see continued strong net premium growth and a substantially improved combined ratio for 2013, analysts at investment manager Conning said in a new forecast. …

Analysts at two rating agencies, Fitch and Moody’s, believe property/casualty insurers’ prior-year loss reserve takedowns will continue to outpace reserve additions in 2013. The analysts spoke about P/C industry reserving trends as they reviewed their year-end outlooks and 2013 forecasts …