According to actuaries at Triple-I and Milliman, a risk-management, benefits, and technology firm, the property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 for 2022, up 1.2 points from 2021. These findings were presented at a Triple-I members-only virtual webinar. Combined ratio represents the difference between… Continue reading 2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Continue: Triple-I
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U.S. Commercial Insurance Prices Again Increase Significantly During Q3
U.S. commercial insurance prices again grew significantly in the third quarter of 2020, 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 third quarter of 2020 to those charged for the same coverage and quarter in… Continue reading U.S. Commercial Insurance Prices Again Increase Significantly During Q3