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In the United States, the underwriting bad luck of effects and casualty insurance companies was $142.3 billion in the five years ending 2003. But overall profit for the same period was $68.4 Term Life Insurance billion, as the result of float. Some insurance industry insiders, most notably Hank Greenberg, do not believe that it is forever possible to sustain a lucre from float without an underwriting acquisition as well, but this attitude is not universally held. Naturally, the “float” method is difficult to carry out in an economically depressed period. Bear markets do element insurers to shift away from investments and to toughen up their underwriting standards. So a poor economy generally means gigantic insurance premiums. This bag to swing between profitable and unprofitable periods over time is commonly known as the "underwriting" or provision cycle.

Global insurance premiums grew by 9.7 percent in 2004 to reach $3.3 trillion. This follows 11.7 percent growth in the previous year. Life backing premiums grew by 9.8 percent during the year, thanks to rising demand for annuity and pension products. Non-life comprehensive medical insurance premiums grew by 9.4 percent, as bounty rates increased. Over the past decade, global indemnity premiums rose by more than a moiety as annual growth fluctuated between 2 percent and 10 percent.