Industry experts have been speculations about a reversal of insurance rates for some time (see above comment here, and our previous post here), but we actually get closer? Some experts say very impressive. Not now, but over the next few years.

The first is Alirt Research, an insurance analyst firm focused on the insurance sector. As indicated in PropertyCasualty360 (see here), Alirt considered a change is coming, but not for one or two years:

[The hard market] is definitely coming, but maybe not as fast as some people think

In addition, President Robert Hartwig Insurance Information Institute (III), he sees a gradual shift to start running (see here and here):

Prices began to fast in the sense that insurers are not granting a dramatic decrease of the companies they write. Over the next two to three years, the rates move up as vehicles business flee inadequately signed and work to replace their reserves

Bill Berkley, President and CEO of WR Berkley Corp., is also awaiting a tighter pricing (see here) from a change of mentality:

One of the main engines of economic management will be the new recognition that pricing can not continue in the direction he has been and must be changed. It will be a single dramatic event, the ultimate recognition that reserves are insufficient or an increase in reinsurance rates, there will be a change of mind that will trigger a change in market direction.