US auto insurers gain traction on rates, can’t break profit barrier

01-03-2023

US auto insurers gain traction on rates, can’t break profit barrier

shutterstock_444525001

US automotive insurers have hit high gear on rate increases following the move to underwriting losses I 2022, but may not be able to fully plug the gap until loss severity patterns taper off towards a more sustainable trajectory, analysts at the Fitch rating agency believe.


Insurance, Automotive, Loss Trend, Fitch, North America, US

Intelligent Insurer