New inflation data shows continued pricing declines and rising average severity. Margin pressures continue to build as the spread widens, and frequency remains the wildcard.
Progressive’s national footprint and best in class real-time data and analytics make it a reasonable proxy for the auto insurance market and a likely leading indicator for market-wide trends.
With Q3 results in, and (re)insurance markets in a state of flux, an ever clearer picture is emerging of what winning and losing looks like in a hardening market.
Amid an environment of rampant social inflation, one of the best indicators of risk is how much growth was written in problematic lines during the soft market years.
New inflation data shows continued pricing declines and rising average severity. Margin pressures continue to build as the spread widens, and frequency remains the wildcard.
