Sentinel’s 2019 Insurance Market Review and Forecast reveals an industry grappling with an increasingly complex array of risks, uncertainty over integration of new technologies, a continual reshuffling of metaphorical chairs amid mergers and acquisitions, and a growing realization among carriers that they can no longer count on cyclical shifts in the market to deliver the premium growth they need. And what about rates, you ask? While carriers are calling for modest rate increases in most lines of property and casualty coverage, Sentinel is watching just three lines carefully for all-but-certain rate increases. The difference is not one of opinion, but of strategy, as the year ahead will be less about the transaction of insurance, and more about the tenants of good risk management.
