Conning Research: Insurance General Liability losses and exp
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Copyright: PR Newswire
Source: PR Newswire
Wordcount: 453
Specialist Focus May be the way to success
HARTFORD, Conn., March 12 / PRNewswire / - Overall responsibility for insurance online has made the entire industry combined ratio below 100 percent for the last two years, but this performance is the profitability of low subscription likely to continue, according to a new study by Conning Research and Consulting.
"We expect the next two years will be marked by a moderator in reducing liability premiums, gradually leading to a modest increase in 2010," said Mark Jablonowski, analyst at Conning Research & Consulting. "However, losses and expenses are expected to grow faster, with an increase in the combined ratio reached 107 percent by 2010. In the longer term, the future of the market for general liability insurance will be played between the cumulative effects of small and moderate the increase in losses and prospects of mega-risks ".
The Conning Research study, "General Liability: Staying Relevant (and profitable) in the New World of Risks", identifies the problems the market and a number of considerations and actions that insurers should treat responding.
"History has shown an increase in the general economic liability losses in periods of recession. At the same time, longer-term secular trends show an increase in both small and large claims mega risks. meet the challenges of profitability requires a series of considerations on the part of insurers, "said Stephan Christiansen, director of insurance research at Conning." The first is the ability to monitor trends in the costs - in particular the loss - and demand. In the longer term, the best prospects for general liability insurers in May from the expansion of the model of expertise in risk, which has already demonstrated the success of differentiation between companies. "
"General Liability: Staying Relevant (and profitable) in the New World of Risks" is available for purchase from Conning Research & Consulting by calling (888) 707-1177 or visiting the website www.conningresearch.com .
About Conning Research & Consulting
Conning Research & Consulting provides analysis of the insurance industry for insurers and industry stakeholders. His published research includes market coverage of 30 industry segments in addition to industry forecasting and identification and analysis of key strategic issues. Because of its wealth of experience and intimate knowledge of the insurance industry, Conning understands the challenges and opportunities of the industry and provides analysis on a wide range of industry products and issues . The Conning name has represented excellence in the insurance industry of independent research for 50 years. Conning Research & Consulting is a division of Conning, a provider of asset management and insurance industry research and consulting services for insurers. Conning is headquartered in Hartford, CT.
Contact: Anne Steinberg Kitchen Public Relations, LLC 212-687-8999 anne@kitchenpr.com
SOURCE Conning Research & Consulting
CONTACT: Anne Steinberg Kitchen Public Relations, LLC, +1-212-687-8999, or anne@kitchenpr.com
This is an information service of Thomson Business Intelligence Service © 2006. This content is only for your personal use, subject to the terms and conditions. No redistribution allowed.
Source: PR Newswire
Wordcount: 453
Specialist Focus May be the way to success
HARTFORD, Conn., March 12 / PRNewswire / - Overall responsibility for insurance online has made the entire industry combined ratio below 100 percent for the last two years, but this performance is the profitability of low subscription likely to continue, according to a new study by Conning Research and Consulting.
"We expect the next two years will be marked by a moderator in reducing liability premiums, gradually leading to a modest increase in 2010," said Mark Jablonowski, analyst at Conning Research & Consulting. "However, losses and expenses are expected to grow faster, with an increase in the combined ratio reached 107 percent by 2010. In the longer term, the future of the market for general liability insurance will be played between the cumulative effects of small and moderate the increase in losses and prospects of mega-risks ".
The Conning Research study, "General Liability: Staying Relevant (and profitable) in the New World of Risks", identifies the problems the market and a number of considerations and actions that insurers should treat responding.
"History has shown an increase in the general economic liability losses in periods of recession. At the same time, longer-term secular trends show an increase in both small and large claims mega risks. meet the challenges of profitability requires a series of considerations on the part of insurers, "said Stephan Christiansen, director of insurance research at Conning." The first is the ability to monitor trends in the costs - in particular the loss - and demand. In the longer term, the best prospects for general liability insurers in May from the expansion of the model of expertise in risk, which has already demonstrated the success of differentiation between companies. "
"General Liability: Staying Relevant (and profitable) in the New World of Risks" is available for purchase from Conning Research & Consulting by calling (888) 707-1177 or visiting the website www.conningresearch.com .
About Conning Research & Consulting
Conning Research & Consulting provides analysis of the insurance industry for insurers and industry stakeholders. His published research includes market coverage of 30 industry segments in addition to industry forecasting and identification and analysis of key strategic issues. Because of its wealth of experience and intimate knowledge of the insurance industry, Conning understands the challenges and opportunities of the industry and provides analysis on a wide range of industry products and issues . The Conning name has represented excellence in the insurance industry of independent research for 50 years. Conning Research & Consulting is a division of Conning, a provider of asset management and insurance industry research and consulting services for insurers. Conning is headquartered in Hartford, CT.
Contact: Anne Steinberg Kitchen Public Relations, LLC 212-687-8999 anne@kitchenpr.com
SOURCE Conning Research & Consulting
CONTACT: Anne Steinberg Kitchen Public Relations, LLC, +1-212-687-8999, or anne@kitchenpr.com
This is an information service of Thomson Business Intelligence Service © 2006. This content is only for your personal use, subject to the terms and conditions. No redistribution allowed.
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