Premiums continued to increase in the first quarter of 2022, according to results from The Council of Insurance Agents & Brokers’ Commercial Property/Casualty Market Index, marking the 18th consecutive quarter of premium increases. However, there were signs that market conditions may have eased slightly this quarter. For example, the average increase in premiums across all… Continue reading Price Increases Moderated Slightly at the Beginning of 2022: CIAB
Tag: commercial insurance premiums
Commercial Property Insurance Rates Accelerate Globally
The impacts of catastrophe losses around the globe continue to be felt in the commercial property insurance market, as rate rises continued to accelerate in the fourth-quarter of 2019 with U.S. property one of the fastest moving segments. Across the globe, on average, pricing for property insurance risks increased by 13% in the fourth-quarter of… Continue reading Commercial Property Insurance Rates Accelerate Globally
Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
IVANS®, a division of Applied Systems®, today announced the results for Q4 and year-end 2019 IVANS Index™, the insurance industry’s premium renewal rate index. Q4 results showed an increase premium renewal rate change average across Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q3; however, Workers’ Compensation average premium renewal… Continue reading Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
U.S. Commercial Insurance Prices Increase During Q1 2019
U.S. commercial insurance prices have increased in the first quarter of 2019, according to leading global advisory, broking and solutions company, Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the first quarter of 2019 to those charged for the same coverage during the same quarter… Continue reading U.S. Commercial Insurance Prices Increase During Q1 2019