The property and casualty insurance sector is undergoing a distinct shift. After a seven-year "hard market"—a stretch of aggressive rate hikes and tightening coverage—pricing is beginning to soften across the sector.
That leaves many carriers in a precarious position. During the boom, some operators relied heavily on consecutive premium increases to mask underlying operational inefficiencies. But as prices soften, the market effectively runs a stress test, and true structural advantages surface.
