College of Arts and Sciences
External Forces, Life Insurance, Health Insurance, Property and Casualty Insurance
Business | Insurance
Pellegrino, Christopher P., "External Forces That Impact Profitability in the Insurance Industry" (2018). Senior Honors Theses. 778.
The insurance industry is influenced by many factors that impact profitability. Insurers must do their best to make predictions based on expectations to remain solvent and profitable. Inevitably, they are faced with external factors that are outside of their control. Insurers must be aware of these external forces that may impact profits. External forces impact entire sub-industries of the insurance industry and some companies maintain profitability while others fail. This work intends to take a look at the major external forces that each insurance sub-industry faces and discuss some of the potential solutions that have been developed to minimize the negative impact of these forces, if applicable.