OLDWICK, N.J.--(BUSINESS WIRE)--In this first of four “First Monday” episodes exploring the U.S. insurance industry, A.M. Best Group Vice President Anthony Diodato discusses the U.S. property/casualty (P/C) sector. Click on http://www.ambest.com/v.asp?v=fmpropertycasualty315 to view the video program. Other “First Monday” Review & Preview episodes will focus on the U.S. life/annuity and health sectors, along with major trends in the reinsurance industry. “First Monday” is A.M. Best’s monthly program featuring commentary by the company's leading analysts.
In this episode, A.M. Best Group Vice President Anthony Diodato highlights positives in the P/C sector, including a second straight year of underwriting profitability. “A.M. Best estimates that 2015 will be another year of underwriting profitability,” said Diodato. “If this materializes, it will be the first time in 40 years that the industry will have three consecutive years of underwriting profitability.” However, Diodato said that there are some areas of concern bubbling under the surface that could disrupt these positive trends, including the prolonged low interest rate environment, persistent competitive market pressures and potential reserve inadequacies.
A.M. Best has a negative rating outlook on the commercial lines sector of the P/C industry and a stable outlook on the personal lines segment.
Recent episodes of A.M.BestTV include:
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A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.
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