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Furthermore, advanced technologies are driving the emergence of ‘Insurtech’ solutions, which could help the industry grow over the long term. According to a Mordor Intelligence report, the U.S. property and casualty insurance market is expected to grow at a 6% CAGR between 2020 – 2025.
Investors’ interest in the property and casualty insurance space is evidenced by the Invesco KBW Property & Casualty Insurance ETF’s (KBWP) 10.3% returns over the past six months. Given this backdrop, we think it could be wise to bet on the fundamentally sound property and casualty insurance stocks The Allstate Corporation (NYSE:ALL), Loews Corporation (NYSE:L), CNA Financial Corporation (CNA), and Alleghany Corporation (Y).
