According to The Council’s Commercial Property/Casualty Market Index, premium prices continued to rise in Q3 2021. Prices increased for the 16th consecutive quarter across all account sizes, at 8.9 percent, slightly higher than the 8.3 percent average increase recorded in Q2 2021. When the data was segmented by account size, large accounts had the highest… Continue reading Cyber Premiums Continued to Soar in Q3 2021
Tag: P&C insurance rates
Rate Moderation in Second Quarter 2021
The composite rate for the second quarter 2021 was 5.9 percent versus 7 percent in the first quarter. Commercial insurance buyers paying $25,000 or less in premium are paying a slightly lower rate at 5 percent versus 6.3 percent in the first quarter. As measured by line of coverage, professional lines rates adjusted significantly at… Continue reading Rate Moderation in Second Quarter 2021
Global Commercial Insurance Pricing Up 18% in 1Q: Marsh
Global commercial insurance prices increased 18% in the first quarter of 2021, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk advisor. The quarter is the first to show a fall in the average rate of increase since the index reported the first rise in global… Continue reading Global Commercial Insurance Pricing Up 18% in 1Q: Marsh
U.S. Property and Casualty Rates Continue Upward Trend
Despite 2020 being one of the strangest years in recent history, the insurance industry continued to function efficiently. The fourth quarter 2020 composite rate was up 7.1 percent as compared to up 6.25 percent for the third quarter 2020. The biggest rate increases by line of coverage were for umbrella liability, professional lines and directors… Continue reading U.S. Property and Casualty Rates Continue Upward Trend
Commercial P&C Rates Increased 4.8% in Q2 2020, E&S Lines Up 9%
The US composite commercial property and casualty rates increased slightly from up 4.5 percent in the first quarter 2020 to up 4.8 percent in the second quarter. According to Richard Kerr, CEO at MarketScout, “Almost all US insurers are assessing rate increases; however, surplus lines insurers are more aggressive as rate increases for the second… Continue reading Commercial P&C Rates Increased 4.8% in Q2 2020, E&S Lines Up 9%
U.S. Commercial Insurance Prices Increase During the Fourth Quarter of 2018
U.S. commercial insurance prices rose again in the fourth quarter of 2018, 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 fourth quarter of 2018 to those charged for the same coverage during the same quarter… Continue reading U.S. Commercial Insurance Prices Increase During the Fourth Quarter of 2018