Share on Facebook Share on Twitter Share on Google+ Share on Linkedin According to Stefan Holzberger, Chief Rating Officer at A.M. Best, the property-casualty sector of the insurance industry saw improvements in performance. And with levels of capitalization “robust”, A.M. Best is maintaining a “Stable Outlook” on the Personal Lines, Commercial Lines and Reinsurance sector from a credit perspective. The reinsurance sector was only recently upgraded to “Stable” from “Negative”, despite heavy catastrophe losses over the past two years. Rates have been suppressed for a number of years, driven by alternative market capacity. Mr. Holzberger believes we may be reaching an “inflection point in 2019” with capacity shrinking from alternative markets for nat cat programs. More insurers are underwriting cyber risk, and while rates are “very soft”, not many losses are flowing through in a given year. “Innovation” is a big topic of discussion among insurers looking to modernize insurance products and improve customer satisfaction and their expense ratio.