Premium increases remained stable in Q2 2023, with an average increase of 8.9% across all account sizes, up slightly from the previous quarter’s 8.8%. This marked the 23rd consecutive quarter of increases.
Tag: CIAB survey
P&C Premiums Up 8.3% in Q2: CIAB Survey
A new market survey by the Council of Insurance Agents & Brokers (CIAB) has found that property and casualty (P&C) rates increased for the 15th consecutive quarter in Q2 2021 at 8.3%, down from 10% in the previous quarter. Both medium and large accounts experienced the highest increases, at 9.4% and 9.3%, respectively, followed by… Continue reading P&C Premiums Up 8.3% in Q2: CIAB Survey