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You are here: Home / News / AM Best Report Personal Auto Insurers Combined Ratio Improves

AM Best Report Personal Auto Insurers Combined Ratio Improves

March 29, 2019 By CollisionWeek Editor

Severity continues to increase, but frequency growth has leveled.

The U.S. private passenger auto segment has experienced a turnaround after weakened performance in 2015-2016, as rate actions and underwriting initiatives resulted in a 3.8-point year-over-year improvement in the sector’s combined ratio in 2017, as well as a 4.7-point loss ratio reduction through third-quarter 2018, according to a new AM Best report.

The Best’s Special Report, Personal Auto Insurers Regain Traction as Combined Ratio Improves, states that a leveling of loss frequency helped to drive the stronger performance in 2017-2018, with market leaders in this line of business reporting lower

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Filed Under: News Tagged With: Auto Insurance, Claim Frequency, Claim Severity

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