Best’s Special Report: U.S. Inland Marine Industry Continues to Show a Knack for Profits
The Best’s Special Report, titled, “Inland Marine: Unique Risks and a Knack for Profits,” states that the inland marine sector’s combined ratio has a strong positive correlation with the other major property lines – commercial multi-peril, fire and allied lines and homeowners/farmowners. However, the segment has not experienced the same peaks and valleys as these lines, and is the only one of these lines not to report an underwriting loss since 2006. Except for the catastrophe-impacted years, combined ratios have remained under 90.0 during this time period.
An increase in infrastructure-related construction projects and a greater role from technology in the planning, implementation and control of the flow and storage of goods will present inland marine writers opportunities to expand their portfolios. Underwriters seeking to capitalize on opportunities in the inland marine market will need to stay abreast of new and evolving exposures and technologies that may affect coverages.
To access a copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=267239.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171023005825/en/
Industry Analyst
[email protected]
or
Senior Industry Analyst
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
Trump Tweets That 401(k) Contributions Stay Safe In Tax Plan
New Insurance Research Highlights the Need to Align Marketing and Underwriting/Product Management Departments, Acquire with Retention in Mind
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News