The J.P Morgan Deloitte 2009 General Insurance Industry Survey |
Despite the collapse of insurance profits in 2009, a more stable outlook for 2010 is expected according to the 17th annual J.P. Morgan Deloitte General Insurance Industry Survey. The industry combined ratio reported by the survey respondents was up 7% to 101% from the previous year and worse than the forecast of 96% due to increased claims, catastrophe activity, increased competition and adverse discount rate movements.
However, the survey shows respondents expect to see the strong premium rate increases of 2009 continuing into 2010.
Download the executive summary and media release for further information.
2009 General Insurance Industry Survey
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