How about an observation based on the United States?

Property casualty companies can give us a lesson here.

• How many years ago was it that we could go to our auto insurance company to buy a five-year policy?
• Not terribly long ago, but it's difficult now to find a policy that's not repeated every quarter.

The investment portfolios and the cash flow analyses that are going into property casualty lines of business are shortening.

--  MR. SWAGER

1982 - THE EXPERIENCE OF LIVING UNDER SUSTAINED INFLATION, Society of Actuaries (rsa82v8n19) - 18p