CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Property/Casualty Underwriting Profits Projected to Continue in 2021

Property/Casualty Underwriting Profits Projected to Continue in 2021

May 20, 2021 By CollisionWeek Editor

Insurance Information Institute and Milliman project industry combined ratio of 99, virtually the same as 2020.

Property/casualty insurers are projected to continue to post slight underwriting profits in 2021, according to a forecast by the Insurance Information Institute (Triple-I) and Milliman.

Insurance Information Institute logoThe forecast projects a 2021 combined ratio of 99, virtually the same as last year. Early projections for 2022 and 2023 look similar. The combined ratio is the percentage of each premium dollar an insurer spends on claims and expenses.

Premiums are expected to surge 7.1 percent this year, according to the forecast, up from 2.5 percent in 2020,

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Insurance Information Institute, Millman, Profitability, Property Casualty Insurance

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Consumer Sentiment Declines on Growing Inflation Worries September 2, 2025
  • Jason Trewin Named CEO of I-CAR Australia September 2, 2025
  • Plasnomic Seeks Partners to Join Global Plastic Repair Alliance September 2, 2025
  • SEMA Acquires Off-Road Business Association September 2, 2025
  • Boyd Group Celebrates 1,000th Location Milestone August 29, 2025
  • Collision Repair Education Foundation Establishes Award, Memorial Fund After Texas Collision Repair Instructor’s Death August 28, 2025
  • Waymo Receives First NYC Permit to Test Autonomous Vehicles in Manhattan, Brooklyn August 28, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved ยท Log in