A spectacular year that won't be repeated

Article Abstract:

Research conducted by A.M. Best on the 1997 status of the property and casualty industry showed that the industry produced the strongest underwriting results in nearly 20 years. The industry showed strong surplus growth of 17%, though premium growth remained slow, at 3.2%, with net premiums rising from $268.6 billion in 1996 to $277.3 billion in 1997. However, it is believed that present underwriting trends are still cyclical in individual markets. Thus, it is predicted that 1997 record results are not sustainable, which may result in the deterioration of normalized calendar-year results in 1998 and beyond.

Investment Banking and Securities Dealing, Investment Banking, Security brokers and dealers, Market Research Services, Marketing Research and Public Opinion Polling, Commercial nonphysical research, Investment banks, Surveys, Marketing research firms, A.M. Best Company Inc.

---

Coping with turmoil in the Korean life market

Article Abstract:

More than half of life insurance agencies in Korea have become insolvent on a statutory basis as of Mar 31, 1997. The firms focused only on growth through new sales and asset accumulation and did not consider consumer needs, business quality or corporate profitability. A number of companies have introduced various initiatives to improve their financial performance such as the ushering in of rigid screening and hiring standard, and the allocation of resources for employee training purposes.

Life Insurance, Direct Life Insurance Carriers, South Korea, Finance, Life insurance industry

---

Similar abstracts:

• Abstracts: Coping with turmoil in the Korean life market. Certain employer plans hold risk for agents. Compensation plans keeping pace with global market
• Abstracts: Global trends predicted to remain steady in 1997. Fighting fire with fire: insurers move into banking. France
• Abstracts: NAIC keeps regulatory wheels rolling - slowly. Eliminating the paper chase
• Abstracts: 1997: a year of profits, mergers and regulation tussles. Getting into management's head
• Abstracts: Attending to detail. Watching conference dollars. Unifying diversity

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.