Property and Casualty Market Outlook 2018-2019

Description

With the exception of auto coverage, the commercial insurance market remained soft for the first half of 2017, a continuation of the trend in 2016. In the third quarter of 2017, we began to see the market tighten a bit with fewer rate reductions due to a rise in underwriting losses. While there continues to be significant capital across the insurance marketplace, recent natural disasters, including storms, fires and earthquakes, are expected to have further implications on pricing for the remainder of 2018 and into 2019.