Premium pricing across all sized accounts saw similar increases to Q3 2018.
The following are key takeaways from The Council of Insurance Agents & Brokers’ Commercial Property/Casualty Market Report Q2 2018 (April 1 — June 30):
Average premiums across all sized accounts increased by 1.5 percent in Q2 2018, according to The Council of Insurance Agents & Brokers’ latest Commercial Property/Casualty Market Index Survey. The survey’s findings continued a trend of increased premiums that began in Q4 2017.
On July 31, President Trump signed into law a bill that reauthorizes the National Flood Insurance Program through November 30, 2018.
The Council of Insurance Agents & Brokers released its sixth biannual Cyber Market Watch Survey this week. Results were consistent with responses from the first and second halves of 2017: cyber insurance take-up rate remained low at 32 percent, and 89 percent of respondents saw premium pricing stay flat or decrease over the past six months. Respondents also agreed that market capacity was plentiful, and some even noted an increase in capacity due to an influx of insurers moving into the cyber market space.
Results were consistent with responses from the first and second halves of 2017: cyber insurance take-up rate remained low and premium pricing stayed flat or decreased over the past six months.
The survey, which consisted of 16 questions designed to provide insights into the burgeoning cyber insurance market, creates a snapshot of the market allowing us to monitor changes and trends.
Premium pricing for commercial property/casualty lines results for Q1 2018, IRS Guidance on Eligibility for Small Business Healthcare Tax Credit, GDPR Webinar Recap, and more.
Key takeaways are from The Council of Insurance Agents & Brokers’ Commercial Property/Casualty Market Report Q1 2018
Premium pricing for commercial property/casualty lines experienced slight increases during Q1 2018.
