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  • Having front-loaded the good news on pricing in 2019, the market is widely expected to spend Q4 in a more confessional mode.
  • However, there's more to re-underwriting an excess book than price alone.
  • P&C stocks gained 24% in 2019 but underperformed the S&P 500 as social inflation fears emerged in Q4.
  • New inflation data shows continued pricing declines and rising average severity. Margin pressures continue to build as the spread widens, and frequency remains the wildcard.
  • Progressive’s national footprint and best in class real-time data and analytics make it a reasonable proxy for the auto insurance market and a likely leading indicator for market-wide trends.
  • European cat is flat, as US casualty pricing improves and expectations of sequential rises through 2020 grow.
  • With Q3 results in, and (re)insurance markets in a state of flux, an ever clearer picture is emerging of what winning and losing looks like in a hardening market.
  • Data from the Q3 CIAB survey provides solid evidence the market today is well beyond anything seen since the turn of the decade.
  • Amid an environment of rampant social inflation, one of the best indicators of risk is how much growth was written in problematic lines during the soft market years.
  • New inflation data shows continued pricing declines and rising average severity. Margin pressures continue to build as the spread widens, and frequency remains the wildcard.