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Brokers expected to outperform carriers in Q3, KBW analysis indicates

October 19, 2021


KBW analysts’ forecast for the third quarter results season are generally below consensus for the carriers and slightly above consensus for the brokers.

Carrier estimate’s have been primarily driven by higher catastrophe losses, while broker’s are anticipated to achieve faster organic revenue growth.

Notwithstanding slowly decelerating rate increases, analysts state that most reinsurers’ and commercial underwriters’ core combined ratios should improve on earned rate increases, while personal auto insurers’ results should include mostly flat rates and rapidly rising claim costs.

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