Numerous Pressures Create Tough Terrain for Personal Auto Insurers

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      <subfield code="a">Inflationary pressures, supply chain disruptions, and higher costs assoclated with technological advancements are squeezing profit margins for private passenger (personal) auto Insurers. Despite the best efforts of carders to pursue rate increases and use available pricing tools more judiciousty, personal auto insurers are having difficulty staying ahead of deteriorating severity trends. The direct incurred loss ratio through the first half of 2022 deteriorated by more than 13 percentage points compared with the first half of 2021 </subfield>
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