Following the recent recession, there are pockets of significant opportunity and accelerated growth for the U.S. insurance industry, but a proactive approach is mandated to realize that premium growth. This comes from “The Uneven Economic Recovery and Its Impact on the Commercial Insurance Market,” an article by MarketStance, a resource for demographic data as well as analytical services for the U.S. insurance industry.
According to the article, which provides an overview of the recent recession and details about how this economic downturn differed from past recessions, soft demand for coverage will continue for several more years due to the recovery’s tepid pace.
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Equitable Life has been offering life insurance solutions in Canada since 1920. They offer a variety of insurance and investment programs.
The following are five of the benefits of dealing with Equitable Life:
1. They are the largest federally regulated mutual life insurance company in Canada, actively selling participating life insurance policies.
2. They have a full range of Participating Whole Life policies and the Participating Policyholders have an ownership in Equitable Life.
3. They offer a full range of Term and Permanent life insurance solutions.
4.
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Much like a farmer bringing in his crop in the fall, U.S. property/casualty insurers have harvested significant reserve redundancies, according to a report issued today by Moody’s Investors Service, leaving a narrower cushion for the next 12 to 24 months.
The report, “U.S. P&C Insurers Harvest Significant Reserve Redundancy,” cites a weak pricing environment as P&C insurers’ primary impediment to building reserves at the same pace as recent years.
Moody’s says that insurers reported less—though still significant—benefit from reserve releases in their 2009 statutory earnings compared to 2008.
“Though we believe reserves are still redundant as of year-end 2009, we expect that as reserve releases taper off, coupled with lower investment yields, insurers will either raise prices or experience continued pressure on underwriting profitability,” says Moody’s analyst Enrico Leo, author of the report. “Co
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Given the lingering effects of financial crisis, it may come as no surprise to industry observers that it’s been a struggle for insurance companies to scratch their way back to the positive side of the ledger. Reports abounded last week regarding the state of the property/casualty industry: that it faced a slow road to premium recovery, was exposed to underwriting issues thanks to D&O and E&O woes and its capital position was strong despite municipal credit demands, but that was then, and this is now. Full Article…