Conning--Commercial Insurers' Performance Driven by Specialization, Segmentation, and Alignment

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Apr 06, 2015, 10:00 ET

HARTFORD, Conn., April 6, 2015 /PRNewswire/ -- Commercial lines insurers that exhibit consistently superior performance share a number of key traits, according to a new study by Conning.

"In our study of commercial lines growth and profit leading insurers, we found 15 companies that met Conning's criteria for consistent growth and profitability over the ten years analyzed," said Gerard Vecchio, analyst at Conning. "These carriers exhibited the ability to drive profitability and the efficient use of capital throughout the underwriting cycle. They drove premium growth during hard markets, and were able to manage their premiums during softening rate environments—resulting in combined ratios beating industry averages by as much as 13 points."

The Conning study, "Growth and Profit Leaders in Commercial Lines: Specialization, Segmentation, and Alignment Drive Results" identifies the consistent high performers in property-casualty commercial lines and analyzes the common traits and strategies among them.

"In addition to their market cycle discipline, we identified common attributes among the growth and profit leading commercial lines insurers," said Steve Webersen, director of research at Conning. "For instance, many of the leading performers had either a line-of-business or customer focus that allowed them to exploit their underwriting expertise and customer knowledge. At the same time, many of these firms also exhibited technological sophistication in pricing and servicing insurance risks."

"Growth and Profit Leaders in Commercial Lines: Specialization, Segmentation, and Alignment Drive Results" is available for purchase from Conning by calling (888) 707-1177 or by visiting the company's web site at www.conningresearch.com.

About Conning
Conning (www.conning.com) is a leading investment management company for the global insurance industry, with more than $94 billion in assets under management as of December 31, 2014 through Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited, Conning Investment Products, Inc. and Goodwin Capital Advisers, Inc. Conning's unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning is focused on the future, providing clients with innovative solutions, leveraging its global capabilities, investment experience, and proprietary research. Conning is headquartered in Hartford, Connecticut, with additional offices in New York, London, Cologne, and Hong Kong.

Contact:
Michael Warner
Conning, Inc.
860-299-2408
[email protected]

SOURCE Conning