TITLE

Understanding Cycles and Shocks in the Property and Casualty Insurance Industry

AUTHOR(S)
Shuford, Harry
PUB. DATE
July 2004
SOURCE
Business Economics;Jul2004, Vol. 39 Issue 3, p38
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The experience of the property and casualty (P&C) insurance industry provides insights into the nature of financial shocks and cycles. The evidence indicates that: � Shocks do not contribute to the underwriting cycle because they are random and, hence, taken as not being truly representative of the future of "business as usual." � Shocks do affect underwriting practices by initiating efforts to eliminate or mitigate a newly perceived risk from interfering with "business as usual." � Shocks in the P&C industry have been more psychological than financial due to the protection of diversification. � Cycles in premium income and underwriting can be attributed to underwriting decisions driven by the anticipated profitability of writing P&C insurance.
ACCESSION #
14072254

 

Related Articles

  • SWOT Analysis.  // Catlin Group Limited SWOT Analysis;Dec2008, p1 

    A company profile of Caitlin Group Limited, which underwrites specialty lines of property and casualty insurance and reinsurance, is presented. An overview of the company is given, along with key facts including contact information, number of employees and revenues. A SWOT analysis is provided...

  • Allstate Corporation SWOT Analysis.  // Allstate Corporation SWOT Analysis;Jul2012, p1 

    A company profile of American property and casualty insurance company Allstate Corp. is presented. An overview of the company is given, along with key facts including contact information, number of employees and revenues. A business analysis is provided which includes strengths, weaknesses,...

  • ACE, Ltd. SWOT Analysis.  // ACE, Ltd. SWOT Analysis;Jul2012, p1 

    A company profile of global commercial property and casualty insurance company ACE Ltd. is presented. An overview of the company is given, along with key facts including contact information, number of employees and revenues. A business analysis is provided which includes strengths, weaknesses,...

  • Chubb Corp. SWOT Analysis.  // Chubb Corp. SWOT Analysis;Apr2013, p1 

    A company profile of the American property and casualty insurer Chubb Corp. is presented. An overview of the company is given, along with key facts including contact information, number of employees and revenues. A business analysis is provided which includes strengths, weaknesses, opportunities...

  • Chubb Corp. SWOT Analysis.  // Chubb Corp. SWOT Analysis;Dec2013, p1 

    A business analysis of Chubb Corp., a property and casualty insurer in the U.S., is provided, focusing on its strengths, weaknesses, opportunities for improvement and threats to the company. Strengths include benefits derived from its strong distribution network. Weaknesses include its inability...

  • DATAMONITOR: The Travelers Companies, Inc.  // St. Paul Travelers Companies, Inc. SWOT Analysis;Jul2011, p1 

    The article profiles property and casualty insurance group, Travelers Cos. Inc., which operates in the U.S. An overview of the company is given, along with key facts including contact information, number of employees, financial performance and web address. A SWOT analysis is also provided, which...

  • DATAMONITOR: CNA Financial Corporation.  // CNA Financial Corporation SWOT Analysis;Dec2011, p1 

    A profile of CNA Finacial Corp., which is engaged in property and casualty insurance business based in Chicago, Illinois, is presented. An overview of the company is given, along with key facts including contact information, number of employees, turnover and web address. A SWOT analysis is also...

  • Quicksand…. Van Zyl, Sean // Canadian Underwriter;Jan2005, Vol. 72 Issue 1, p6 

    Presents an article about the insurance industry in the U.S. and Canada. Financial performance of property and casualty insurance companies in the countries for the third quarter of 2004; Factors that will contribute to the performance of the industry in 2005, such as the overall rise in...

  • P/C results for 1st 9 months 2003 confirm continuing recovery from soft market.  // Insurance Advocate;01/05/2004, Vol. 115 Issue 1, p31 

    Reports on the increase of the net income of the U.S. property/casualty industry in the first nine months of 2003 according to Insurance Services Office Inc. and the National Association of Independent Insurers. Improvement of the insurers' profitability in 2003; Growth of net investment income...

Share

Read the Article

Other Topics