Market News
Best Revises US Commercial Lines Property and Casualty Outlook to Stable
A.M. Best has revised its outlook for the US commercial lines property and casualty insurance segment to stable from negative. The rating agency cited the relatively modest negative impact of the COVID-19 pandemic, continued strong pricing momentum across the segment, and favorable rulings thus far on many business interruption coverage disputes. Read More
Survey Finds Premium Increases Dipping Slightly in Third Quarter
Aggregate commercial insurance prices increased 7 percent during this year's third quarter following increases of just less than 8 percent during the first two quarters of 2021, according to Willis Towers Watson's latest Commercial Lines Insurance Pricing Survey. Read More
Rate Increases To Continue Across Several Reinsurance Lines in 2022
Reinsurance rates for catastrophe-related lines of business are expected to increase by more than 10 percent at January renewals, according to Fitch Ratings. Fitch said it also expects lines including cyber risk and directors and officers liability reinsurance coverage to experience double-digit rate increases in 2022. Read More
Rate Increases Continued for Nearly All Commercial Lines in November
Year over year, all lines of commercial insurance business except workers compensation experienced an increase in average premium renewal rates in November, according to the "IVANS Index," a regular premium renewal rate index compiled by the IVANS insurance exchange service. Read More
Survey Finds Insurers Embracing the Potential of Advanced Analytics
The use of advanced analytics across various aspects of their operations is an important part of North American property-casualty insurers' strategies, according to Willis Towers Watson (WTW). Insurers' interest in analytics is most notable in pricing, underwriting, and claims, WTW found in its "2021 P&C Insurance Advanced Analytics Survey." Read More