So the calendar (at least the Gregorian one) has turned again and the chronological milometer has clicked from 2011 to 2012. In these purely arbitrary moments we get reflective and think big thoughts about the year past and the year ahead. We have our annual internal dialogue about things like weight loss (spontaneous combustion perhaps?) and self improvement goals (my favorite dwarf will no longer be Grumpy!).
My big thoughts, from the cosmic to the professional include: 1. I hope the Mayans are wrong; 2. (Assuming the planet survives), it is good to be in a stable and serious industry; 3. It's good to be in IT, isn't it?
If you are an insurance business person life in 2011 wasn't so good. The P&C industry combined ratio through Q3, 2011 stood at 110 and the net profit at a measly $8 billion. Compared to 2011 the first number is up by about nine percentage points and the second is down by $24 billion.
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