Trends, Challenges and Opportunities in Personal Lines Insurance: 2016 and Beyond

This PowerPoint report explores the trends, challenges and opportunities in personal lines insurance for 2016 and beyond. It begins with a discussion of industry financials from 2014 and into 2015, looks at the investment environment and interest rates forecasts and then looks at the top issues in insurance now: a rise in technology and a decrease in catastrophes, and addresses the attacks on pricing methodologies and underwriting criteria. The state of the personal lines market is explored in depth, outlining how although results have been fairly strong and stable in recent years, profitability of auto and homeowners lines varies tremendously over time and across states. Underwriting performance is presented as well as the state of insured catastrophe losses, claim trends in private passenger insurance, a look at economic and demographic considerations and growth drivers in personal lines, a M&A update and the effect of wealth and credit in the marketplace. The report closes with some thoughts on industry disruptors such as driverless cars, the on-demand economy, the Internet of Things and finally, the status of recent attacks on the industry concerning price optimization.