Trends, Challenges and Opportunities in Personal Lines Insurance in 2016 and Beyond

This PowerPoint report explores the trends, challenges and opportunities in Personal Lines insurance for 2016 and beyond. It begins with a discussion of industry financials from 2014 and into 2015, looks at the investment environment and interest rates forecasts and then explains what the top issues in insurance are now, focusing on the rise in technology. The state of the Personal Lines market is explored in depth. Underwriting performance is presented, as well as the state of insured catastrophe losses, claim trends in private passenger insurance, along with economic and demographic considerations. While the performance of homeowners insurance has improved markedly since 2011-2012’s large catastrophe losses, 2016 will be impacted by severe spring weather. The report also presents a forecast for 2016 natural and induced earthquake damage. Adverse private passenger auto loss trends is discussed in context of claims trends. Growth drivers in Personal Lines is explored and a M&A update is given. A special section on profitability and politics is also presented. How the Internet of Things will affect insurers is also discussed. The report closes with some thoughts on the future, including a meditation on the on-demand economy including ridesharing, homesharing and the gig economy.