I.I.I.’s Joint Industry Forum

January 20, 2014

CIA attended the Insurance Information Institute Inc.’s Joint Industry Forum in NYC on Tuesday, January 14, 2014.

Last year was a wonderful year for property and casualty insurance and companies are looking to overcome any hurdles the new year may bring. Expectations are that interest rates will begin to rise in 2014 giving carriers more investment income. A panel of insurance company CEOs see 2014 as similar to 2013 in terms of profitability. The market is not soft, but not hard as company executives are cautiously optimistic on economic growth.

Overall, the industry is positioning itself to take on bigger risks. Economic momentum will drive more growth and activity towards the property segment, while not so much to casualty. Throughout the night, there was a lot of talk about Google and technology driving changes in the industry over the next few years.

“The ability to earn profit sharing sooner, and at higher levels, provides my agency with revenue that I would never have earned on my own … ANE is outstanding!”

Michael Bernal-Silva, President & CEO
MBS Insurance Services
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