Business Commons^™

External Forces That Impact Profitability In The Insurance Industry, Christopher P. Pellegrino

Senior Honors Theses

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 …