Property and Casualty Market Stable in 2015

Τετάρτη, 25 Φεβρουαρίου 2015 13:15

SAN FRANCISCO--(BUSINESS WIRE)--Fueled by abundant market capacity and an improving economy, the commercial property and casualty insurance market should remain stable and profitable in 2015

, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. The report, issued by Wells Fargo Insurance, part of Wells Fargo & Company’s (NYSE:WFC), forecasts market conditions for a wide variety of product segments including liability, workers’ compensation, aviation, international and technology and network security.

“With record high market capacity and improving economic conditions, the commercial insurance industry is positioned for an extended soft market in 2015,” said Kevin Brogan, head of the Property and Casualty National Practice at Wells Fargo Insurance. “Despite rate reductions - forecast to be in the high single to low double digits - the market should see sustained underwriting profitability and attract new capital as a result of GDP growth and rising interest rates.

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