Trends, Challenges and Opportunities in the P/C Insurance Industry in 2017 and Beyond: Focus on Ohio Markets

This PowerPoint report focuses on the trends, challenges and opportunities in the property/casualty (P/C) insurance industry in 2017 with emphasis on the Ohio insurance market. The presentation starts off with an overview of the overall industry so far, with 2013 to 2015 being three good consecutive years, and predicts that the trend might continue into 2017. The history of profitability peaks and troughs suggests that the next ROE peak will be occur in 2016 to 2017. The report found that P/C insurer profitability in Ohio is above that of the U.S. overall over the past decade at 10.6 percent. The regional average is 8.5 percent. Ohio also ranked as the 9th least expensive state for homeowners insurance in 2013, with an average expenditure of $763. The report concludes with a broad look at the economy, industry disruptors and an exploration of the Internet of Things and insurance technology.