How did the US P&C market fare in 2021? – report

How did the US P&C market fare in 2021? - report

The US property-casualty industry’s financial results through the third quarter of 2021 showed premium growth and deteriorating loss ratio, marking a “return to normalcy” following 2020, according to a report by AM Best. The report showed year-over-year growth in direct premiums written of 10%.

In its latest Best’s Special Report, AM Best also noted that the P&C industry’s direct loss ratio saw some deterioration, to 62.8 from 60.2 in the same period the previous year, as direct incurred losses increased by more than direct premiums written. In the first three quarters of 2019 – the last pre-pandemic

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