Global commercial insurance rates increased by 1% in the first quarter of 2024 (down from a 2% increase in Q4 2023), according to the Global Insurance Market Index released today by Marsh,
Tag: P&C rates
Commercial Rates in U.S. Up 3.9% on All Property and Casualty Placements
In the United States, the composite rate for commercial insurance in the first quarter of 2024 was up 3.9%, a notable decline from the fourth quarter of 2023, which was plus 5.6%.
Q3 2023 P/C Market Survey Shows Softened D&O Premiums for First Time Since Q1 2017
Overall premiums increased by an average of 8.1% in Q3 2023 in comparison to 8.9% in Q2. This marked the 24th consecutive quarter of steady increases.
Commercial Rates Up in First Quarter 2023
The composite rate for commercial property and casualty rates increased in a deliberate, modest fashion in the first quarter of 2023 at plus 5%.
P/C Rate Increases Stabilize, but Severe Weather and Lawsuits Loom: MarketScout
According to MarketScout, property/casualty insurance price increases in the United States appear to have stabilized in the second quarter of 2022, with both commercial and personal lines rate changes remaining consistent with the previous quarter. Commercial insurance buyers saw an average 5.91 percent increase across all lines, while personal lines customers saw an average 5.16… Continue reading P/C Rate Increases Stabilize, but Severe Weather and Lawsuits Loom: MarketScout
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%
Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
IVANS®, a division of Applied Systems®, today announced the October results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, October experienced an uptick in premium renewal rate change across half of… Continue reading Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
Premium Renewal Rates Experience Increase Across Nearly All Major Commercial Product Lines: IVANS
IVANS®, a division of Applied Systems®, announced the Q3 2019 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, Commercial Auto, Business Owner’s Policy, General Liability, Umbrella and Commercial Property all experienced an increase in average premium renewal rate change in Q3; Workers’ Compensation remains in negative territory. Quarter… Continue reading Premium Renewal Rates Experience Increase Across Nearly All Major Commercial Product Lines: IVANS
U.S. Commercial Insurance Rates Increase 4% in Q3
U.S. commercial property/casualty insurance rates rose 4% on average in the third quarter of 2019, up from 3% in the second quarter, online insurance exchange MarketScout Corp. said Monday. By industry class, habitational and transportation businesses saw the highest average rate increases at 6% and 7.5%, respectively, MarketScout Corp. said. A “relatively benign” third quarter… Continue reading U.S. Commercial Insurance Rates Increase 4% in Q3
Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
IVANS®, a division of Applied Systems®, today announced the August results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, August experienced an uptick across nearly all of the commercial lines products, except Business Owners Policy which experienced a slight negative change. Year over year, all lines of business experienced… Continue reading Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS