Presentation is loading. Please wait.

Presentation is loading. Please wait.

RNW: All Lines Michigan vs. All Line US, 1998–2007* Avg. RNW MI: 7.2% US: 7.6% Profitability in Michigan’s property/casualty insurance markets is below.

Published byLucas Evans Modified over 8 years ago

Similar presentations

Presentation on theme: "RNW: All Lines Michigan vs. All Line US, 1998–2007* Avg. RNW MI: 7.2% US: 7.6% Profitability in Michigan’s property/casualty insurance markets is below."— Presentation transcript:

1 RNW: All Lines Michigan vs. All Line US, 1998–2007* Avg. RNW MI: 7.2% US: 7.6% Profitability in Michigan’s property/casualty insurance markets is below that of the US p/c insurance average *Latest available return on net worth (RNW) figure from the National Association of Insurance Commissioners is 2007. Sources: NAIC, Fortune; Insurance Information Institute. Figure 1.

2 RNW: Michigan All Lines vs. Fortune 500, 1998–2007* *Latest available return on net worth (RNW) figure from the National Association of Insurance Commissioners is 2007. Sources: NAIC, Fortune; Insurance Information Institute. Avg. RNW MI: 7.2% US: 13.6% Profitability in Michigan’s property/casualty insurance markets is barely half that of the Fortune 500 benchmark Figure 2.

3 RNW: Michigan Pvt. Pass. Auto vs. US Pvt. Pass. Auto, 1998-2007* Avg. RNW MI: 2.1% US: 8.4% Profitability in Michigan’s auto insurance market—at just 2.1%- -is just 1/4 that of the US average *Latest available return on net worth (RNW) figure from the National Association of Insurance Commissioners is 2007. Sources: NAIC, Fortune; Insurance Information Institute. Figure 3.

4 Percent Michigan Auto RNW vs. 10-Year US Treasury Yield, 1998-2007* *Latest available return on net worth (RNW) figure from the NAIC is 2007. Sources: NAIC, Federal Reserve; Insurance Information Institute. Avg. RNW MI: 2.1% US: 4.9% The average return experienced by Michigan’s auto insurers is less than half that of a risk-free investment in 10-year US Treasury securities. MI’s auto insurance market is not risk free. Figure 4.

5 Average Auto Insurance Expenditure Michigan vs. US, 2000-2007* YearMIRankUS 2000$70216$690 200173518726 200288714786 200395010830 200498010842 200593113831 200692513816 200792811795 *Latest available data from the National Association of Insurance Commissioners is for 2007. Sources: NAIC; Insurance Information Institute. Figure 5.

6 Consumer Price Index for Medical Care vs. All Items, 1960-2008 Source: Department of Labor (Bureau of Labor Statistics; Insurance Information Institute. (Base: 1982-84=100) Inflation for Medical Care has been surging ahead of general inflation (CPI) for 25 years. Since 1982-84, the cost of medical care has more than tripled Soaring medical inflation is a major driver of cost in Michigan no-fault auto insurance claims, with no end in sight. Figure 6.

Download ppt "RNW: All Lines Michigan vs. All Line US, 1998–2007* Avg. RNW MI: 7.2% US: 7.6% Profitability in Michigan’s property/casualty insurance markets is below."

Similar presentations

Measuring the US Economy Economic Indicators. Understanding the Lingo Annualized Rates Example: GDP Q3 (Final) = $11,814.9B (5.5%) Q2: GDP = $2,914.38.

Measuring the US Economy Economic Indicators. Understanding the Lingo Annualized Rates Example: GDP Q3 (Final) = $11,814.9B (5.5%) Q2: GDP = $2,
No-Fault Auto Insurance Fraud in New York State Trends, Challenges & Costs Hearing on No-Fault Auto Insurance New York State Senate Insurance Committee.

No-Fault Auto Insurance Fraud in New York State Trends, Challenges & Costs Hearing on No-Fault Auto Insurance New York State Senate Insurance Committee.
Time prices Inflation Inflation is a sustained increase in the prices of goods and services (or the cost of living). To measure inflation, we look at changes.

Time prices Inflation Inflation is a sustained increase in the prices of goods and services (or the cost of living). To measure inflation, we look at changes.
ANNUAL REPORT ON THE PERFORMANCE OF THE MASSACHUSETTS HEALTH CARE SYSTEM SEPTEMBER 2014 Chart Book.

ANNUAL REPORT ON THE PERFORMANCE OF THE MASSACHUSETTS HEALTH CARE SYSTEM SEPTEMBER 2014 Chart Book.
Trends Affecting the Workers Compensation System Workers Compensation Bottom Line Solutions--Revisited AMCOMP Workers Compensation Seminar New York, NY.

Trends Affecting the Workers Compensation System Workers Compensation Bottom Line Solutions--Revisited AMCOMP Workers Compensation Seminar New York, NY.
ECONOMIC INDICATORS. Real GDP Growth Gross Domestic Product (GDP) measures the dollar value of all goods and services produced in the U.S. economy in.

ECONOMIC INDICATORS. Real GDP Growth Gross Domestic Product (GDP) measures the dollar value of all goods and services produced in the U.S. economy in.
Utah Economic Report January 21, 2014. Labor Market Indicators December 2013 Utah unemployment rate4.1% U.S. unemployment rate6.7% Year-over Utah job.

Utah Economic Report January 21, Labor Market Indicators December 2013 Utah unemployment rate4.1% U.S. unemployment rate6.7% Year-over Utah job.
Investment and Financial Services: What Every Financial Educator Should Know.

Investment and Financial Services: What Every Financial Educator Should Know.
2010 National Outlook Phoenix Chamber of Commerce 2010 Economic Outlook September 30, 2009 Beckie Holmes Director of Market Intelligence, Cox Communications.

2010 National Outlook Phoenix Chamber of Commerce 2010 Economic Outlook September 30, 2009 Beckie Holmes Director of Market Intelligence, Cox Communications.
Measuring the Cost of Living Chapter 24 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the.

Measuring the Cost of Living Chapter 24 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the.
Contemporary Engineering Economics, 4 th edition, © 2007 Meaning and Measure of Inflation Lecture No. 43 Chapter 11 Contemporary Engineering Economics.

Contemporary Engineering Economics, 4 th edition, © 2007 Meaning and Measure of Inflation Lecture No. 43 Chapter 11 Contemporary Engineering Economics.
Measuring the Cost of Living

Measuring the Cost of Living
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. CHAPTER PLAYLIST SONG: “For the Love of Money” by The O'Jays.

McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. CHAPTER PLAYLIST SONG: “For the Love of Money” by The O'Jays.
1 Outline  Historical Results and Baseline  2005 and 2007 – A period of change  2007 and beyond – Insight and Perspective  Industry Issues  TRIA,

1 Outline  Historical Results and Baseline  2005 and 2007 – A period of change  2007 and beyond – Insight and Perspective  Industry Issues  TRIA,
Lecture No. 35 Chapter 11 Contemporary Engineering Economics Copyright © 2010 Contemporary Engineering Economics, 5th edition, © 2010.

Lecture No. 35 Chapter 11 Contemporary Engineering Economics Copyright © 2010 Contemporary Engineering Economics, 5th edition, © 2010.
ECONOMIC INDICATORS. Understanding Economic Indicators  Background Economic Theme: Recognize the stage of the business cycle.

ECONOMIC INDICATORS. Understanding Economic Indicators  Background Economic Theme: Recognize the stage of the business cycle.
Retirement Planning: It’s Never Too Soon – or Too Late – to Start AFN5600.

Retirement Planning: It’s Never Too Soon – or Too Late – to Start AFN5600.
Price Stability Average level of prices in the economy is neither increasing nor decreasing.

Price Stability Average level of prices in the economy is neither increasing nor decreasing.
Business Math JOHN MALL JUNIOR/SENIOR HIGH SCHOOL.

Business Math JOHN MALL JUNIOR/SENIOR HIGH SCHOOL.
2Q | 2011 Guide to the Markets As of March 31, 2011.

2Q | 2011 Guide to the Markets As of March 31, 2011.

Similar presentations

Ads by Google