Results of the non-life market in 2013

According to the latest data published by ISO and the Property Casualty Insurers Association of America (PCI), the US non-life insurance market has recorded a net result of 63.8 billion USD in 2013, an increase of 81.7% compared to 2012 (35.1 billion USD). The underwriting profit for the same period has amounted to 15.5 billion USD.

These figures are supported by an increase in net earned premiums and the decline in incurred losses. These were respectively 467.9 billion USD (+4.12%) and 315 billion USD (-6%).

Insured losses following natural disasters have experienced a decline of 65% to 12.9 billion USD in 2013.