(wire)
Report: Insurance competition will stabilize rates
Intense competition among insurers along with increased capacity and fewer catastrophe losses helped stabilize U.S. insurance markets last year, and are expected to do so again in 2010, according to a report released this week by Marsh Inc.
While risk managers are expected to see favorable market conditions for most property/casualty lines, insurers could be forced to focus on underwriting profitability due to the investment outlook.
The report also notes that strong competition will likely continue among casualty insurers due to overcapitalization, while o the property side, insurers are expected to see more decreases than increases.
While risk managers are expected to see favorable market conditions for most property/casualty lines, insurers could be forced to focus on underwriting profitability due to the investment outlook.
The report also notes that strong competition will likely continue among casualty insurers due to overcapitalization, while o the property side, insurers are expected to see more decreases than increases.
