Experts at a webinar expressed varying view points today as to whether the industry is nearing the end of the soft market, if not immediately than in the foreseeable future.
During part four of RIMS' “Risk Management Strategies in an Unsettled Financial Market” webinar series, Keith Walsh, equity research analyst at Citigroup, made the case that signs are pointing to a pricing upswing, which would be a positive for the insurance industry, if not necessarily for buyers.
One sign he mentioned is the upward trending of combined ratios due to looser underwriting standards. As the combined ratios move up and profitability declines, Mr. Walsh said, pricing should follow.
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