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Conning Says Exit Imminent for Personal Lines Insurance "Also-Rans"

Dozens of insurers will exit the personal property-casualty industry over the next few years, according to a new study by Conning Research and Consulting, Inc....
January 10, 2006

Dozens of insurers will exit the personal property-casualty industry over the next few years, according to a new study by Conning Research and Consulting, Inc. The Conning Research study, "The Emerging Shakeout in Personal Lines," says the dominant position of large market leaders combined with new marketplace developments will fuel the exits.

"The personal lines market is ripe for a major consolidation," said Stephan Christiansen, director of research at Conning Research & Consulting. "Size and advances in technology, coupled with the market dynamics outlined in the study, will play to the advantage of the leaders for some time to come. Some also-rans will be looking to sell, merge, or otherwise leave the field."

The study is available for purchase from Conning Research & Consulting.

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