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Continental Drift

Plate tectonics and the property & casualty vendor market.

By George Grieve | Updated on September 03, 2012
Until relatively recently the explanation for mountain ranges, earthquakes, and volcanoes was the domain for spiritual leaders and mythologists. Such events as earthquakes and volcanic eruptions were the doings of angry gods. However, during the first half of the 20th century geologists proposed—and ultimately verified—the theory that the earth’s surface has changed radically over the planet’s history and that indeed it continues to change today.

Our continents slide across the earth’s surface riding on tectonic plates, which are dragged about by powerful convection currents inside the planet’s crust. Where plates bump into each other we get mountains and earthquakes, and where they slip and grind we get volcanoes.

This came to mind recently in thinking about the vendor marketplace…bear with me. The vendor market “moves” over time as trends change the landscape. We have discussed some of these before but never in geographic terms. In order to test my plate tectonics theory of the p&c vendor market I decided to look at some maps. These maps are taken from work done by the analyst company Novarica and are used by them to provide a picture of the vendor market as an introduction to their periodic Market Navigator reports. The first one shown here is from the MN report dated Q3 2009.

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