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We are the Insurance Information Institute. Since 1960, the "Triple I" has had a single mission: To improve public understanding of insurance—what it does and how it works. We are here to serve everybody: consumers; students and educational institutions; insurance professionals; government and regulatory organizations; and the media. Learn More
Insurance Industry 2018 - Commentary on year-end financial results

For the U.S. property/casualty (P/C) insurance industry, 2018 was a year of unusual experience. Results were good in comparison with 2017—but 2017 was a horrible year. Premiums, investment income and profits rose, buoyed by a surprisingly strong U.S. economy, but interest rates sagged, and fears of a looming recession grew.

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I.I.I. Chief Actuary: Auto insurance rating factors explained
Florida has passed AOB reform – but will it be enough?
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Homeowners + Renters Insurance Understanding the insurance claims payment process
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The Age of Extreme Weather
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New and Trending

Other Insurance Topics Boat insurance and safety

Boats afford recreation and adventure to their owners, but they come with risks, as well. Don’t let an accident or disaster sink you—understand how to insure your prized vessel, and make sure that your coverage is shipshape.

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Business Insurance Professional liability insurance
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Disasters + Preparedness Tornado facts and safety
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Auto Insurance Safety tips for teen drivers
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Homeowners Spotlight on: Flood insurance
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Insight + Analysis

P/C quarterly economic snapshot: Are we headed toward a slowdown?

This report focuses on the key economic indicators pertinent to the property/casualty (P/C) insurance industry, and takes a deep dive in the following areas: the HO exposure base; catastrophe claims by season; commercial property premiums; and P/C industry operating ratio. The presentation also includes a special section on vehicle travel prediction. 

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A rocky road so far: Recreational marijuana and impaired driving
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I.I.I. expert predicts 2019 hurricane season slightly below-average
2019 Insurance Fact Book available
It’s safe to work in (not on) marijuana

I.I.I. Glossary

PRIVATE MORTGAGE INSURANCE- See Mortgage guarantee insurance

STATUTORY ACCOUNTING PRINCIPLES / SAP- More conservative standards than under GAAP accounting rules, they are imposed by state laws that emphasize the present solvency of insurance companies. SAP helps ensure that the company will have sufficient funds readily available to meet all anticipated insurance obligations by recognizing liabilities earlier or at a higher value than GAAP and assets later or at a lower value. For example, SAP requires that selling expenses be recorded immediately rather than amortized over the life of the policy. (See GAAP accounting, Admitted assets )

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Thought Leadership

I.I.I. News Wire

I.I.I. Economist to Lead Silicon Valley Working Group on Extreme Weather

For immediate release New York Press Office: 212-346-5500; media@iii.org  NEW YORK, May 21, 2019— Dr. Michel Léonard, CBE, vice president and senior economist with the Insurance Information Institute (I.I.I.) was today appointed by the Silicon Valley Insurance Accelerator (SVIA) to lead it… Read More

I.I.I.: Know Your Boat’s Insurance Coverage from Stem to Stern

For immediate release New York Press Office: 212-346-5500; media@iii.org  NEW YORK, May 16, 2019—With National Safe Boating Week (May 18-24) days away, the Insurance Information Institute (I.I.I.) reminds boat owners to secure the right type and amount of coverage for their recreational vessel.… Read More

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Events Calendar

I.I.I. 2019 June Board Meeting
June
11
2019
Location: Washington, D.C. Please email valerieg@iii.org for more information.
IICF Women in Insurance Conference
June
12
2019
Since its inception in 2013, the IICF Women in Insurance Global Conference has drawn more than 6,000 men and women. This year’s theme, Gender Equity in a Changing World – What You Do Matters!, will deliver three days of leading global experts and engaging panel discussions, along with interactive workshops and stellar networking opportunities. Location: New York, NY; Website
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