As with other sectors of the insurance industry, the risk retention group market has seen a contraction in recent years as a result of the financial crisis, but it is expected to hold steady this year.
In 2009, RRG premium declined by 0.6 percent–from $2.57 billion in 2008 to $2.56 billion in 2009.
Feedback from RRGs indicates that premium for 2010 will be flat. In fact, if there is any movement at all in RRG premium this year, it may be a slight increase. The steadily increasing number of risk retention groups shows that RRGs are holding their own in this uncertain financial market.
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