P&C insurers racked up $3bn underwriting loss in 2021: AM Best
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

P&C insurers racked up $3bn underwriting loss in 2021: AM Best

Farhin Lilywala
June 13, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
AM Best cyber background.jpg

US property and casualty insurers incurred a $3bn underwriting loss in 2021, especially in the private passenger and commercial auto segments, driven by unabating loss severity, according to an AM Best report.

Although P&C insurers had 9% premium growth, the underwriting loss in 2021 follows a $4.4bn underwriting gain in 2020, the report said.

Personal

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMajor lossesIndustry-wideGeneral casualty/GLCommercial autoPersonal auto
farhin lilywala 2024 ii us 2.png
Farhin Lilywala
Associate Editor
Contact
Gift this article