The wide open spaces of the West and Southwest are beckoning some U.S. property/casualty insurers looking to grow premium volumes in previously uncharted territories, according to a new analysis of regional carriers.
Executive Summary
Property/casualty insurers of all stripes are facing stiff headwinds as they try to achieve double-digit ROEs, but notable tailwinds are lifting premium volumes of some regional carriers—including increased attention for reinsurers and the wide open spaces of the West and the South.The accompanying snapshot of 2013 direct premiums written from our latest analysis at Assured Research shows that both public and private regional companies remained underweight in the Pacific, Desert and Midwest southern states last year. Just over 20 percent of their premiums came from these regions, compared to one-third of premiums allocated to these areas for the P/C industry overall.
