P&C Personal Insurance  US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher - Moody's Global Credit Research

P&C Personal Insurance US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher

P&C Personal Insurance  US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher - Moody's Global Credit Research
P&C Personal Insurance US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher
Published Oct 29, 2015
15 pages (5814 words) — Published Oct 29, 2015
Price US$ 400.00  |  Buy this Report Now

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Brief Excerpt:

...reflects good underwriting and risk management discipline, solid capital adequacy, and increasing technological sophistication, tempered by potential volatility from catastrophes. An uptick in auto frequency/severity prompts pricing tune-up: A number of personal auto insurers will implement mid-single-digit rate increases over the next several quarters, in part to offset higher frequency and severity trends. The frequency shift corresponds to increased miles driven, which seems more pronounced in the Sun Belt states, in step with economic growth and lower gas prices. Current severity trends reflect new car sales at near- record levels, increased fraud, higher speed limits in certain states, pricier vehicle components and more serious accidents. Homeowners growth continues on strong underlying margins, lower reinsurance costs: Low-to-mid-single-digit rate increases will drive incremental margin improvement allowing homeowners insurers to continue pursuing moderate growth in the number of...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "P&C Personal Insurance US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher" Oct 29, 2015. Alacra Store. Jul 23, 2016. <http://www.alacrastore.com/moodys-credit-research/P-C-Personal-Insurance-US-Stable-Outlook-as-Upturn-in-Auto-Claims-Drives-Rates-Higher-PBC_1008262>
  
APA:
Moody's Global Credit Research. (). P&C Personal Insurance US : Stable Outlook as Upturn in Auto Claims Drives Rates Higher Oct 29, 2015. New York, NY: Alacra Store. Retrieved Jul 23, 2016 from <http://www.alacrastore.com/moodys-credit-research/P-C-Personal-Insurance-US-Stable-Outlook-as-Upturn-in-Auto-Claims-Drives-Rates-Higher-PBC_1008262>
  
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