Insurers Turning Corner In Recession, Analyst Says

Insurers Turning Corner In Recession, Analyst Says

Excerpts:

Insurers Turning Corner In Recession, Analyst Says >
By ROBERT REGIS HYLE >

Published 8/3/2009 >


Excerpts:

Insurers may be turning the corner in this struggling economy as we enter the second half of the year, one of the industry’s top technology analysts says. “What we see in the results of our second quarter study is the consensus seems to be the worst is over,” according to Craig Weber, senior vice president for the insurance practice with Celent.>

Indeed, there is a good deal of evidence emerging the recession may be behind insurers, and some of the market performance issues are definitely turning in the right direction, he observed.>

“How fast we get back, if ever, to the kinds of performance we saw three or four years ago is not exactly clear, but I think we have basically turned the corner,” according to Mr. Weber. >

He was one of three industry analysts taking part in a webinar last week on “State of the Market: Where We Are, Where We’re Going,” run by Tech Decisions--part of Summit Business Media’s Property and Casualty Magazine Group, which includes National Underwriter

Read full Article: http://www.property-casualty.com/News/2009/8/Pages/Insurers-Turning-Corner-In-Recession-Analyst-Says.aspx

***********************************************************************
This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.