Confidence in the ability of insurers to increase margins and grow premiums has slipped over the last year.[@@]
That message emerged from the results of an informal poll of about 140 executives who attended an insurance industry conference organized by the New York office of KPMG L.L.P.
KPMG used an electronic instant polling system to gather the results.
- None of the participating attendees said the industry’s ability to increase margins is strong. Although 65% said that ability is moderate, 35% said it is weak. In 2003, 11% thought the industry’s ability to increase margins was strong and 57% said it was moderate.