Losses paid by property casualty insurers have steadily increased for decades
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Losses Paid by Property/Casualty Insurers Have Steadily Increased for Decades Total losses paid by insurers increased by $146 billion or nearly 100% from 1987 through 2007

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Losses Paid by Property/Casualty Insurers Have Steadily Increased for Decades

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Losses Paid by Property/Casualty Insurers Have Steadily Increased for Decades

Total losses paid by insurers increased by $146 billion or nearly 100% from 1987 through 2007

Dip in 2006/07 was associated with drop in catastrophe losses, which is unlikely to persist. Losses and loss ratios in 2007 rose. During 2006/07, the price of many types of insurance fell.

Sources: A.M. Best; 2007 figure is annualized from 9-month ISO results; Insurance Information Institute.


Insurance Premiums Are Shrinking Relative to Size of Economy

Premium growth is less than GDP growth, meaning more money in the pockets of consumers

Sources: A.M. Best, US Bureau of Economic Analysis, Blue Chip Economic Indicators; Insurance Information Institute.


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