This PowerPoint report discusses the trends, challenges and opportunities in in the property/casualty (P/C) insurance industry for 2016 and beyond. It begins with a detailed discussion of industry financials, including a detailed look at net income, profitability, combined ratio, policyholder surplus, P/C insurance industry ROE and NPW Premium Growth. It also explores investment performance as a driver of profitability A look at the economy is also presented, as well as thoughts on how the insurance industry will be affected by the Brexit and the upcoming U.S. presidential elections. 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. Adverse private passenger auto loss trends is discussed in context of claims trends. Growth drivers in Personal Lines is presented, along with a M&A update. While the performance of homeowners insurance has improved markedly since 2011-2012’s large catastrophe losses, 2016 will be impacted by severe spring weather. 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 discussions on the on-demand economy, the gig economy, P2P insurer Lemonade and FinTech.
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