The Road Ahead: P-C Insurance in the Post-Crisis World, Focus on Texas Markets

This PowerPoint report, presented by Robert Hartwig, president of the Insurance Information Institute, at the Insurance Council of Texas Insurance Symposium, looks at what the property/casualty insurance industry can expect in the post-financial crisis environment and provides a focus on P/C insurance markets in Texas. The presentation begins with a discussion of reasons for optimism and causes for concern. An insurance industry financial overview and outlook and reviews of profitability, premium growth, underwriting performance in commercial and personal lines, and financial market impacts are provided. A lengthy section on profitability in Texas P/C insurance markets includes an analysis by line in the state and comparisons with neighboring states. Other sections deal with how financial services reform may impact the insurance industry, capital and capacity, a review of the tort system, performance by segment/line and medical professional liability insurance and workers comp. The presentation concludes with discussions of financial strength and ratings, the global economic situation, crisis-driven exposure issues in personal and commercial lines, catastrophe losses and exposure, growth and profitability.