dcsimg

Insurance Definition: PROPERTY/CASUALTY INSURANCE CYCLE

By Compuquotes Team on March 27th, 2008

PROPERTY/CASUALTY INSURANCE CYCLE:

Definition:

  • Industry business cycle with recurrent periods of hard and soft market conditions. In the 1950s and 1960s, cycles were regular with three year periods each of hard and soft market conditions in almost all lines of property/casualty insurance. Since then they have been less regular and less frequent.

Information provided by Insurance Information Institute

Featured Insurance Quote
Twitter
Facebook 470 flares Google+
470 flares ×