P&C industry 2021 CR at estimated 101% amid rate and profitability pressures: Triple-I/Milliman
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P&C industry 2021 CR at estimated 101% amid rate and profitability pressures: Triple-I/Milliman

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Cat losses and uncertainty from Covid will continue to pressure P&C rates, pushing the industry to run at an estimated combined ratio of 101% for 2021, according to the latest underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman.

The projections are slightly worse than what was predicted three months ago, pressuring industry rates and profitability, a report from Triple-I and Milliman found.

“The

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