I.I.I. Economic Snapshot: Second Quarter 2018

The Economic Snapshot is I.I.I.’s regular look at important trends that shape the property/casualty industry updated quarterly.

This forward-looking report provides an overview of the P/C industry at the end of the first quarter in context to the overall economy, with a focus on personal and commercial lines financial trends. Real GDP growth has shown unexpected strength in recent calendar quarters. Both personal consumption (+4.7 percent) and business nonresidential fixed investment (+8.1 percent) are rising, heralding a growing exposure base. In the U.S., short-term interest rates are finally rising, and this is expected to continue. Long-term rates have not changed as much, so the yield curve is flatter. Although bond yields anticipate inflation continuing to be near 2 percent for five or more years, more direct measures see prices rising closer to 3 percent, with prices in some sectors rising much faster. 2018 combined ratios for catastrophe-affected lines of business will likely improve. Personal and commercial auto, however, likely will be closer to 100. The report also includes a special section on investment trends industry.


Please click on the file name below to view the presentations. Once open, you can choose "file" from your menu and then save the PowerPoint presentation to your disk. The presentation also is available in Adobe Acrobat format. The Adobe Acrobat file is smaller and faster to download. However, you do need the appropriate software to view.

You can download Adobe Acrobat Reader, free of charge, from the Adobe website (https://www.adobe.com/products/acrobat/readstep.html).

Note: Printer fonts may vary by browser and version of Adobe Reader.

Back to top

I.I.I. Economic Snapshot: Fourth Quarter 2017
I.I.I. Economic Snapshot: First Quarter 2018