Abstracts » Insurance

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Article Abstract:

The property and casualty insurance industry has had difficulty raising premiums because of legislative and competitive pressures on the market. In 1992, premiums displayed the smallest growth in 20 years, only 2.3%. The large number of insurance companies offer similar products, and price is the most distinguishing factor between their offerings. Many of the largest insurers experienced premium declines, partly due to their withdrawal from workers' compensation and personal auto insurance. Direct personal lines insurance posted the highest gains.

Fire, marine, and casualty insurance

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Overview of international insurance

Article Abstract:

Data provided by Sigma, Swiss Reinsurance Co reveal that world life and non-life insurance premium income only grew by 4% in 1989. The slow growth rate is due to sluggish sales in the largest insurance markets, the US and Japan. The biggest decline occurred in the non-life area, which comprised 47.6% of the market in 1989, a significant decline from 1980's 59.8%. Asia collectively accounted for the most significant growth, with eight countries reporting growth of at least 10%.

Insurance industry, International aspects, Insurance policies

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Leading P/C insurers by policyholders' surplus 1986-1990

Article Abstract:

Between 1986 and 1990 policyholders' surplus for the property/casualty insurance industry grew from $60 billion to $138 billion. Net operating income gains produced the biggest proportion of the 76% increase in surplus. Capital gains of $25 million contributed to the other portion of the combined surplus. Gains in surplus helped reduce the insurance industry's net leverage, which has fallen since 1987, from a high of 5.0 to a low of 4.6 in 1990.

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