Commercial Auto Insurance Remains a Loser on the Whole: Fitch

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While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the fifth consecutive year in 2015

In short, U.S. commercial auto insurance has evolved into a “chronically underperforming product segment” for U.S. property/casualty insurers, according to Fitch Ratings.
At the same time, Fitch notes, a number of carriers underwriting the line continue to do well.

Underwriting losses have accelerated with the segment statutory combined ratio rising to approximately 109 for the latest year. The commercial auto combined ratio averaged 106 from 2011-2015, according to analysts at Fitch.

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is an Associate at MediaHoarders. Communication Manager & Social Media Strategist with a keen interest in writing. Jeffery is a huge fan of the Black Panther fictional character. He is currently at crossroads when it concerns his interests in Hip-Hop & Rock music. e-mail: odilijeffery@mediahoarders.ng

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