Top Personal Auto Insurers See Decline in Underwriting Profits

Fitch Ratings is reporting a dip in profitability in underwriting for private passenger auto insurance. The decline in profits over the first nine months of 2015 is due to increases in claim severability and claim frequency, which in turn may be caused by increased driving. These findings dispel predictions that recent technological innovations in vehicle safety would result in a decrease in claims this year.

 

Back to top