SOURCE: MarketStance

MarketStance

December 15, 2010 16:14 ET

MarketStance Provides Insight Into Outlook for Large Commercial Lines Accounts

MIDDLETOWN, CT--(Marketwire - December 15, 2010) - MarketStance, a leading resource for demographic data and analytical services for the U.S. insurance industry, is pleased to announce the release of an in-depth, expert article which provides a detailed analysis of the recessionary impact specifically on large commercial accounts. 

The article also provides insight into the outlook for the next several years for large commercial lines accounts, and provides insights into some of the longer-term, more fundamental changes in the U.S. business sector that have been wrought by various factors, most notably increased foreign competition. The article is available at no charge at www.marketstance.com.

"Although a broad-based economic recovery is unlikely to take hold in the U.S. before next year, there are certain steps forward-looking insurers can take to accelerate growth among large commercial accounts," said Fritz Yohn, chief executive officer for MarketStance. "A detailed analysis by industry and size segment of the economic impact on large commercial accounts can give insurers the tools necessary to navigate these uncertain times successfully."

The article provides some potential steps that proactive insurers, especially in employment sensitive lines such as workers' compensation, can take now to be best positioned through the 2011-2013 timeframe. A close re-examination of the conventional criteria for inclusion in the loss-responsive large commercial lines market segment is likely to yield a sizable tranche of premium potential that can be considered eligible for the loss responsive market place. This will be especially so as P&C rates begin to firm.

For more information or a free copy of this article, please visit the MarketStance website at www.marketstance.com, or contact MarketStance at (860) 704-6381 or ms@marketstance.com

About MarketStance
MarketStance is the leading provider of information and analytics to the insurance industry. Our validated and tested predictive modeling techniques provide a synchronized and impartial view of the insurance marketplace to innovative insurance professionals. Over 90% of the largest property and casualty insurance companies in the US turn to MarketStance for actionable, accessible information. For more information contact us at (888) 777-2587 or ms@marketstance.com
www.marketstance.com.

Contact Information

  • Media Contact:
    Jennifer Overhulse-King
    St. Nick Media Services
    Email Contact
    859-803-6597