Where Do We Stand? Changes and Challenges in 2013 and Beyond

This PowerPoint report, presented by the Insurance Information Institute’s senior vice president and chief economist at PCI’s Marketing & Underwriting Professionals Seminar looks at challenges facing the property/casualty (P/C) insurance industry this year and going forward. Challenges discussed are categorized as slow exposure growth, dealing with more frequent and severe catastrophes, prolonged low investment gains, inflation and claims, and regulatory pressure. The presentation concludes with a list of insurance industry predictions for 2013 including, that P/C insurance exposures will grow along with the U.S. economy, P/C industry growth will be the strongest since 2004, underwriting fundamentals will deteriorate modestly, and, barring a mega-catastrophe, industry capacity will hit a new record by year-end.