Tuesday, January 10, 2006
Conning Research: Exit Imminent for Personal Lines Insurance 'Also Rans'
The dominant position of large market leaders combined with new marketplace developments will cause dozens of insurers to exit the personal property-casualty industry over the next few years, according to a new study by Conning Research and Consulting, Inc.
"We have analyzed industry results for the period 2002 to 2004, and some
of the underlying causes for those results, and found significant changes in
the competitive landscape over the three-year period," said Bruce Hale,
analyst at Conning Research & Consulting. "A handful of larger personal lines market leaders, and a few outperforming specialist players, will soon be able to set and maintain aggressive pricing levels that will be untenable for many lagging insurers."
Conning Research: Exit Imminent for Personal Lines Insurance 'Also Rans'
Source: PR Newswire
"We have analyzed industry results for the period 2002 to 2004, and some
of the underlying causes for those results, and found significant changes in
the competitive landscape over the three-year period," said Bruce Hale,
analyst at Conning Research & Consulting. "A handful of larger personal lines market leaders, and a few outperforming specialist players, will soon be able to set and maintain aggressive pricing levels that will be untenable for many lagging insurers."
Conning Research: Exit Imminent for Personal Lines Insurance 'Also Rans'
Source: PR Newswire
Permalink posted by armandn @ 7:59 AM 
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