Portfolio shift points to loss ratio deterioration: Argenta

Changes in carriers' portfolio mix in response to soft
market conditions could lead to a faster deterioration in loss
ratios on recent open years of account, according to Argenta
Research.
In its quarterly review, the Lloyd's members' agent said
carriers had shifted away from reinsurance towards direct
insurance, while increasing the proportion of liability business at
the expense of shorter-tail lines.
"Both of these trends alter the shape of the loss ratio
development curves," Argenta wrote.
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