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P/C Insurers Build for Growth

U.S. property-casualty insurers strengthened their capital over the past three years.
January 8, 2019

A report by Guy Carpenter & Co. LLC reveals that U.S. property-casualty insurers strengthened their capital over the past three years, raising the sector’s total capital position from $686 billion to $767 billion, a 3.8 percent compound annual growth rate.

“One reason for carrier capital-building would be an expectation that pricing trends will improve,” says Guy Carpenter, adding that the industry saw modest pricing gains during 2018 in most major lines except for workers’ compensation. The report notes that opportunities with emerging coverage, including cyber and mortgage insurance credit risk, may be capital intensive, persuading players to build a larger war chest.

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