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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,

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

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