Personal auto net combined ratio improved from prior estimates.
The U.S. property/casualty (P/C) insurance industry is projected to grow faster than the overall economy in 2025 and is on track to achieve underwriting profitability for a second consecutive year, according to Insurance Economics and Underwriting Projections: A Forward View from the Insurance Information Institute (Triple-I) and Milliman, a collaborating partner.
The report, presented at a members-only briefing today, noted cautious optimism in economic results, pending major shifts in monetary or public policy. “P/C economics and the U.S. economy have outperformed expectations in 2025,” said Michel Léonard, Ph.D., CBE, chief economist
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