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Conning Research: Property-Casualty Forecast Through 2011 Released

 

Tuesday, Jul 14,2009, 11:10:33 AM   Click:

Results of ownership of industry losses in the coming years will be determined by the recession of 2009, the insurance premium quotes mixed dynamics, and deterioration of underwriting results modest, according to the latest Property Casualty Industry Forecast by Conning Research and Consulting.



"The combination of continued price declines in most sectors of activity, the recession and the removal of exposure growth, continues a series of negative premium growth for 2009, which began in 2007, has said Clint Harris, analyst at Conning Research & Consulting. "But the conditions of recession can also delete the losses, including reducing the frequency of fewer units of exposure and reduce the loss due to the seriousness of deflation in some cost of loss of property. Together we see a moderate trend of deterioration in the combined ratio in 2010, and a modest improvement starting in 2011 - excluding the unusual experience disaster or other financial security in the turmoil of the lines. "
The Conning Research study, "Property-Casualty Forecast & Analysis" forecasts industry growth and performance for 2009-2011. The report is based on Conning's proprietary industry model and analysis of key industry drivers as well as first-quarter 2009 and previous statutory data filings, public insurer reports on first quarter results, and 2009 catastrophe loss estimates to date.



"Looking beyond this year, an expected slow economic recovery in 2010 and a return to more robust growth in 2011 lead to an increase in both premium and loss exposures, but also may include the start of an acceleration in inflationary factors that drive loss severity," said Stephan Christiansen, director of research at Conning. "We see indications of price firming in personal lines, but continued mixed conditions in commercial lines. Capital conditions remain strong, particularly in commercial lines, and it is likely that further stresses will have to occur before any significant broad-based change in pricing will emerge."




Conning's "Property-Casualty Forecast & Analysis" is available for purchase from Conning Research & Consulting by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.



About Conning Research & Consulting



Conning Research & Consulting provides insurance industry analysis to insurers and industry stakeholders. Its published research includes market coverage of 30 segments of the industry in addition to industry forecasting and identification and analysis of major strategic issues. As a result of its wealth of experience and intimate knowledge of the insurance industry, Conning understands industry challenges and opportunities and provides in-depth analyses on a wide range of industry products and issues. The Conning name has represented excellence in independent insurance industry research for 50 years. Conning Research & Consulting is a division of Conning, a provider of asset management and insurance industry research and consulting services to insurers.. Conning is headquartered in Hartford, CT.

Contact: Anne Steinberg Kitchen Public Relations, LLC 212-687-8999 anne@kitchenpr.com

SOURCE Conning Research and Consulting, Inc.

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