Rich Attanasio

In a recent edition of A.M. Best’s First Monday series, Vice President Rich Attanasio discusses the rationale for a “Stable” outlook for the Personal Lines segment.

According to Mr. Attanasio, A/M/ Best’s stable outlook for Personal Lines “reflects robust risk adjusted capitalization, consistent performance in the auto line…as well as improving trends on the property line.“  In addition, insurers are using more sophisticated pricing models, especially in the auto Line. Mr. Attanasio also sees “usage based insurance (UBI) taking off…and getting more widely adopted.  On the property side, by-peril pricing…has gained traction in the industry.” He also sees a deepening of the relationship between carriers and their customers through the bundling of products and services.

We’d like to thank A.M. Best for their contribution to our program.  If you’d like to see more of the First Monday Series, visit the A.M. Best website.

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