Signs of Insurance Rate Moderation Revealed in 2Q P&C Market Survey

The rapid increase in premiums seen in late 2020 and early 2021 continued to slow in Q2 2022, with respondents reporting an average premium increase of 7.1% across all account sizes. Regardless, this was the 19th consecutive quarter of rising premiums. When we look at business lines, we see a similar picture. Some lines of… Continue reading Signs of Insurance Rate Moderation Revealed in 2Q P&C Market Survey

Cyber Premiums Increased by 34.3% in Q4 2021

Online internet secure payment and network safe communication and banking concept. Person pay in web via computer. Locks and padlocks on diagram.

Premium prices climbed further in Q4 2021, according to results from The Council’s Commercial/ Property Casualty Market Index, marking the 17th consecutive quarter of premium increases. The average increase in premiums across all account sizes was 8.7%, down slightly from the 8.9% recorded in Q3 2021. Respondents reported an average premium increase of 34.3% for… Continue reading Cyber Premiums Increased by 34.3% in Q4 2021