The auto insurance industry's financial results are projected to reflect the impact of corrective actions taken to address surprise spikes in the frequency and severity of claims, which had the effects of pushing losses in 2016 and 2017 to their highest levels since the start of the century. (Photo: Shutterstock)
Auto insurance has accounted for more of the U.S. property & casualty (P&C) industry's premium volume in recent years, with several rounds of loss-fueled rate increases accelerating premium volumes in the short term, accordingly to S&P Global Market Intelligence's 2018 US Auto Insurance Market Report.
Developments such as ride-sharing, the emergence of autonomous vehicle technologies and the introduction of new insurance pricing models threaten varying degrees of disruption to a sector that has historically accounted for the largest segment of overall P&C insurance premium volume.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
