Financial Services Industry
Industry: Email Alert RSS FeedMoney to Burn.(future of property and casualty insurance industry)
Best's Review, January, 2001 by Bowers, Barbara
Overcapitalization and deregulation challenge property/casualty insurers.
Leading executives of property/casualty companies say that industry fundamentals seem to be improving, but rapid changes in technology, deregulation, competition and customer expectations make for an uncertain future.
On top of that, trends such as consolidation and globalization continue to reshape the industry, according to speakers at the 11th annual PricewaterhouseCoopers Executive Conference for the Property/Casualty Industry in November, a forum that brings together prominent insurance leaders to discuss critical issues facing company management.
Douglas W. Leatherdale, chairman of the St. Paul Cos., said prices are moving up, but no one knows how long this...
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