Climate Change/Sustainability/ESG

Editor's Note

Editors' Comments

We continue to talk about the industry's many "mixed signals". By most indications P&C financial performance is on the rebound. Improved conditions, lower weather losses at year-end 2023 and through Q1 2024 tell part of the positive underwriting performance story. Meanwhile 2023 investment income sets a new record-high, boosting profitability and stability.

However, much of the turn around is on the back of soaring premiums paid by consumers and businesses and should not be taken lightly as the protection gap widens and affordability diminishes. Ultra low LAE ratios are a by-product of surging top-line written premiums and will be temporary. Weather exposure remains the wild card as 2024 unfolds.

Alan Demers and Stephen Applebaum


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Alan Demers

Telematics, Driving & Insurance