Discipline…and the Lack Thereof
Underwriting indisputably is a major factor in the industry's profitability, and many sources attest to this. At Swiss Re's June 30th U.S. Midyear Economic and Insurance Industry Review and Teleconference, Thomas Holzheu, senior economist for the P&C insurance business, indicated there's been "significant improvement in underwriting," and he believes "profitable underwriting conditions will continue through 2005 in most areas. We foresee moderate growth for the industry as a whole."
Likewise, ISO and the Property Cas-ualty Insurers Association of America at the end of July announced the P&C industry's net gain on underwriting hit a record $7.1 billion in the first three months of 2005–"the largest experienced any quarter since the start of records extending back to 1986."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
