The story for the insurance industry in 2015 and heading into 2016 is one of high capacity, according to Marsh's “United States Insurance Market Report 2016.” Here's a look at how capacity will shape four trends in the U.S. property & casualty market.
1. Slowing of reinsurance rate decreases
Marsh's report says Jan. 1 reinsurance renewals showed generally decreasing rates across most lines and geographies, thanks in part to a lack of significant loss events. But the pace of decreases slowed compared with recent years.
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