This PowerPoint report explores several factors fueling the property/casualty (P/C) insurance industry for 2017. The presentation begins with an overview of the economy, and how it drives the industry, with premium growth following economic growth and inflation. In reserve development, while there has been 10 consecutive years of favorable loss, there is also now reserve deterioration in auto liability lines, but improvement in workers compensation. In investment results, as nearly 50 percent of P/C bond/cash investments are in 5-year or longer maturities, most P/C insurer portfolios will have low-yielding bonds for years to come. The report also discusses a possible softening in commercial rates, how insurance contributes to economic growth, and what’s on the horizon for the industry in years to come in technology and through other disruptors.
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