The P/C Insurance Industry and the U.S. Economy: Issues and Outlook

This PowerPoint report examines issues and provides outlook on the property/casualty (P/C) insurance industry and the U.S. economy. The report notes that 2013 to 2015 were three good consecutive years for the industry. The presentation predicts that there will be modest economic growth from 2016 to 2017. In 2015 the P/C industry net income after taxes was $56.6 million. The report provides an in-depth look at how depressed yields will continue to affect underwriting and pricing. The report finds that the pace of job growth has slowed somewhat after starting strong from 2014 through 2015 and notes that the U.S. economy is gaining jobs at a good pace but is not at “full employment” yet. The presentation includes indicators that the pace is softening such as high numbers of ‘discouraged workers.’ The report concludes with a look at U.S. insured catastrophe loss and inflation.