Search
 
Commentary

What happened to the 'good old days?' How changing marriage, homeownership trends impact insurers

Insurers are typically focused on key economic indicators to gain some insight into whether their particular lines of business will likely be riding a wave or swimming against the tide in the near term, yet the biggest factors impacting their prospects right now might be more cultural in nature.

By Sam J. Friedman | Updated on August 26, 2014

Insurers are typically focused on key economic indicators to gain some insight into whether their particular lines of business will likely be riding a wave or swimming against the tide in the near term, yet the biggest factors impacting their prospects right now might be more cultural in nature.

This isn’t to say that carriers should ignore changes in statistics such as gross domestic product, unemployment or new home construction to give them a hint as to whether their personal and commercial lines will be facing tailwinds or headwinds when trying to achieve organic growth, both in terms of new business written and pricing.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.