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Old 09-30-2024, 03:25 PM
Rainger99 Rainger99 is offline
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Originally Posted by Babubhat View Post
A majority of the largest US homeowners insurers had year-over-year growth in direct premiums written and improved loss ratios in the second quarter despite an active stretch of severe weather.

Insurers booked direct premiums written (DPW) of $46.16 billion in the quarter, a 13.6% increase from $40.61 billion a year ago, according to an S&P Global Market Intelligence analysis. Direct premiums for the sector have risen 53.2% from $30.13 billion in the second quarter of 2020.

Loss ratios also showed dramatic year-over-year improvement in the quarter, falling 12 percentage points to 79.1% from 91.1% in the second quarter of 2023
Does this mean that insurance premiums should either stay the same next year or go down?