2016USproperty-casualtyinsuranceoutlook-ErnstYoung.PDFVIP

2016 US property-casualty insurance outlook Market summary Significant change to insurance ecosystem Continued change and uncertainty Almost eight years after the capacity into the reinsurance and Competition is putting downward For US property-casualty insurers, 2016 will be a year of ongoing disruptive global financial crisis, most major alternative capital markets, as well pressure on pricing, particularly in change. Digital technologies, such as social media, analytics and telematics, economies are still operating at well as achieve more stable reinsurance the commercial property and liability will continue to transform the market landscape, recalibrating customer below potential. Although the US is protection through broader terms lines. This is compounded by slowing expectations and opening new ways to reach and acquire clients. The rise doing better than many countries, and conditions. The industry will growth in commercial exposures due of the “Sharing Economy,” under which assets like cars and homes can forecast growth of less than 2.5% for enter 2016 with a strengthened to economic weakness.