Coming soon: 2008 Nonstandard Auto Insurance Study
December 6, 2007
Release set for April 2008
Study Details
Date of Publication: April 2008
Region Covered: United States
Industry & Segment: P & C Insurance: Nonstandard Personal Auto:
Time Period: 2006-2007
Number of Pages: TBD
What Lies Ahead in the Personal Auto Insurance Market?
Financial results for the Property & Casualty insurance industry in 2006 & 2007 were among the best in the history of the business. The personal automobile insurance market made a strong contribution to the general prosperity. But in the second half of 2007, there were ominous signs of trouble. So what lies ahead for the personal automobile insurance market?
Things Happen On The Edges First.
The personal auto market is incredibly diverse. It’s always difficult to know what is going on. But the nonstandard auto market is often a leading indicator for the rest of the sector. When conditions are good, standard insurers cast a covetous eye toward nonstandard customers and competition heats up. But when the market starts to go sour, it often begins with the nonstandard risks.
Did strong results in the overall market lead to increased competition in the nonstandard sector in 2006 and 2007? Can trends in the nonstandard sector tell us anything about the depth of the softening market ahead?
Get beneath the surface
No hard data is readily available on performance within the nonstandard sector. But this study will help plug that gap. In our 2006 study of the nonstandard market (available here for free download), we analyzed results within a benchmark group of key nonstandard automobile insurance specialists. In this update, we look at 2006 & 2007 results and re-examine the trends and risks outlined in our earlier study.
Let us do the work for you
It has been a tumultuous couple of years for nonstandard auto insurers. Mergers and acquisitions transformed key players as investors and insurers placed a variety of short and long term bets. The 2008 Nonstandard Personal Automobile Insurance Study aggregates mountains of statutory data and presents the results of hundreds of hours of analysis. Its clear, concise, and accessible format provides valuable, cost-effective insight into this challenging market.
Here is a solid foundation for analysts looking to understand and monitor the continuing transformation of the nonstandard auto sector. And a crystal ball that may give a glimpse of what lies ahead for the rest of the personal automobile market.
Research Alternative’s 2008 Non-standard Automobile Insurance Study will be available for purchase as soon as final 2007 statutory data can be incorporated into the analysis.
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