In the same way that insurance products mirror what’s happening in society, the underwriting process provides a window onto the state of the insurance business.
All things being equal, underwriting performance in the U.S. property and casualty (P&C) insurance sector is expected to support premium growth and remain above overall GDP during the next two years, according to a new report from the Insurance Information Institute (Triple-I) and Milliman.
The study, titled “Insurance Economics and Underwriting Projections: A Forward View,” took into account the economic landscape and combined ratios in P&C markets to reach its conclusions.
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