Commercial Insurance Prices in the U.S. Stay Nearly Flat During First Quarter
Commercial insurance prices in the
Price changes in the first quarter for most lines of business were fairly consistent with changes reported in the fourth quarter. Four lines (workers compensation, commercial property, directors and officers, and surety) indicated modest price decreases. The outlier in the results continues to be commercial auto, where meaningful price increases were again reported. For most other lines, price changes fell in the low single digits. Price changes were fairly similar across segments, though slightly positive for small accounts, and flat for mid-market, large and specialty accounts.
"Despite ample capital and benign claim cost inflation trends, the commercial P&C insurance market has exercised considerable discipline as a whole over the past couple of years," said
About
About CLIPS
CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross section of
Compare Online Car Insurance Quotes in Two Simple Ways
Willis Towers Watson Hires Matt Houghton to Deepen Insurance Strategy Consulting Presence in Asia Pacific
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News