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A.M. BestTV: U.S. Property/Casualty Insurance Sector Poised for an Improved 2018, Says A.M. Best Managing Director
[March 02, 2018]

A.M. BestTV: U.S. Property/Casualty Insurance Sector Poised for an Improved 2018, Says A.M. Best Managing Director


In this A.M.BestTV episode, John Andre, managing director, A.M. Best, reviews a new report that shows a second year of underwriting losses in 2017 for the U.S. property/casualty (P/C) insurance segment. Issues include weaker results for personal and commercial automobiles, and sufficient capital for insurers to maintain competitive pressures. Click on http://www.ambest.com/v.asp?v=rppc218 to view the entire program.

The U.S. P/C industry is expected to post an underwriting loss in 2017; nevertheless, according to the report, the segment remains well-positioned.

"2017 was certainly a watershed year, with its catastrophes: floods, hurricanes, wildfires and mudslides," said Andre. "However, despite the big financial loss for the industry, it proved why insurance is so important since it help to put people's lives back together after these events."

Andre also highlighted the strength of the industry in 2017.

"The industry, on an aggregate basis, remains resilient and very well-capitalized. A.M. Best estimates that the overall statutory industry will grow surplus by approximately 2.5% in year-end 2017 to finish at $7.38 billion. This is about a 22% gain since year-end 2012, and it matches net written premiums over the same period," said Andre. "For 2018, much will depend on the weather, but we anticipate a more-normal catastrophe year. Still, we expect a small operating loss."

A.M. Best's outlook for the commercial and personal segments is stable, but for the reinsurance segment, it is negative.

To access a copy of this market segment report, titled, "U.S. Property/Casualty: 2018 Review & Preview," please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=270363.



Recent episodes of A.M.BestTV include:

  • Immediate Economic Outlook Bright, But U.S. Debt Casts Shadow, Says A.M. Best Senior Economist: Meg Mulry, senior economist - economic and industry research, A.M. Best, said strong growth and improved labor markets appear set to continue, but higher levels of U.S. debt could create longer-term economic issues: http://www.ambest.com/v.asp?v=rpeconomic218.
  • U.S. Health Insurers Profitable and Growth Challenged: A.M. Best Senior Director Sally Rosen and Associate Director Doniella Pliss, review a new report examining the state of the U.S. health insurance market, including how insurers are finding new ways to deliver services through vertical integration: http://www.ambest.com/v.asp?v=rphealth218.
  • Class Actions, Mergers & Acquisitions and Initial Public Offering Suits Roil Directors & Officers Market: A.M. Best Industry Analyst Bobby Skrabal reviews a new report that outlines the forces shaping the market for Directors & Officers coverage: http://www.ambest.com/v.asp?v=dando218.
  • Language Matters In Reaching the Affluent Sector: Ori Ben-Yishai, chief marketing officer, Chubb North America Personal Risk Services, examines a research study highlighting ways to reach, and not alienate, high net worth prospects: http://www.ambest.com/v.asp?v=benyishai218.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.


A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


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