The insurance industry faces some headwinds entering 2011 – the most prominent of which is a persistent soft market.
The slack rate environment was quantified in a report by New York-based Guy Carpenter which noted that its Global Property Catastrophe Rate on Line (ROL) Index lost 7.5% - the second consecutive annual decline. The company says a combination of factors, including moderate loss activity and abundant levels of industry surplus are responsible for the dip.
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