In a recent report, Moody’s predicted that year-end results from property & casualty insurers will show improvement in some key rating metrics but there is little evidence of a change in the pricing cycle.  Moody’s analysts do not see a clear catalyst for a turn in the pricing cycle though one catalyst could be the decline in reserve adequacy and the inability to boost earnings with reserve releases.  They note that commercial line pricing may only see a gradual increase, absent a catalyst such as a catastrophe, and that personal line pricing should remain stable.  Their analysis of commercial line pricing echoes the opinions of other industry analysts.

What is your expectation regarding property & casualty pricing for commercial lines and personal lines?  Do you expect increases?  Decreases?  Status quo?  Let us know.