An Industry And Economy In Transition: Overview And Outlook For US And Maryland P/C Insurance Markets

This PowerPoint report by Robert Hartwig, president of the Insurance Information Institute, provides an overview of the U.S. economy and its impact on the property/casualty (P/C) insurance industry. A section describes how the economy will serve as a growth engine for P/C insurers at this juncture, with 2012 looking to be the first year since 2005 where economic perceptions and reality are turning positive. The presentation includes a labor market review and a summary of P/C financial performance in the U.S. and Maryland and nearby states. A catastrophe loss developments and trends analysis provides an update of the situation in the U.S. and abroad. A Maryland 2011 and 2012 year-to-date severe storm loss summary is included in this section. The report concludes with an in-depth analysis by key segment, including personal and commercial lines, and a discussion of three factors that contribute to the underwriting cycle: the investment environment; the tort/casualty environment; and inflation.