Complimentary Report: 2016 US P&C Insurance Market Report

The U.S. property and casualty industry was predicted to struggle in 2016 to sustain the historically favorable underwriting results that it has generated for three consecutive years as a result of elevated losses in private-passenger auto business, higher catastrophe losses and pricing pressure in several commercial lines of business.

In an updated analysis that reflects deterioration in private auto losses even beyond those initially expected, S&P Global Market Intelligence projects the industry's 2016 statutory combined ratio will top 100% for the first time since 2012 before showing some improvement in 2017 and 2018.

The report projects that the challenges surrounding underwriting profitability in combination with continued low interest rates will pressure the industry’s pretax returns on equity.

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Complimentary Report: 2016 US P&C Insurance Market Report

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