Analysts and industry experts queried for the Insurance Information Institute's annual “Early Bird” survey expect insurers in 2007 to follow a banner year with lower profits and stagnating premium growth, thanks to a worsening pricing environment.
This comes on the heels of a strong 2006, when low catastrophe losses combined with a strong performance in virtually all other major lines of property-casualty insurance to propel the industry to its best underwriting performance since 1955.
However, those polled uniformly expect premium growth to be sluggish in 2007, the Institute noted.
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