An End To Insurance Cycles?
NU Online News Service, Oct. 29, 12:28 p.m. EST? A move by insurers to do smarter underwriting could possibly end the hard and soft market cycles that plague the industry, Standard & Poor's Rating Services in London said yesterday.
The company said the growing sophistication of the global insurance industry could potentially lead to a dramatic change away from the historic highs and lows of cyclical underwriting, smoothing the way to a more consistent level of profitability.
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