We updated our Instant Insights page,"The Business of Insurance," this week to include the latestindustry news. (Photo: Shutterstock)
We are just a few weeks into the second quarter of 2020, so it'sa great time to look back at the first months of the year for asnapshot of the state of the business, from rating and renewalactivity to market trends.
|For example, commercial renewal rates in Q1 2020 reached anall-time high of 5.4% across all product lines, says data fromIVANS. Also, in the first quarter, unemployment in the insuranceindustry dropped from 2.6% in January to 1% in February.
|As we all learn to navigate the new normal around the coronavirus, it can be difficult forinsurance professionals to keep up with the behind-the-scenesaspects of the business.
|We updated our "The Business of Insurance" Insight Insightspackage this week to include the latest articles on marketactivity, M&A deals, coverage changes, and more. Updatedweekly, this package of articles will help brokers, underwriters, claims professionals,and others maintain a competitive edge.
|Visit our InstantInsights page, "Businessof Insurance," to read up on themost recent developments happening in insurance.
|Related: Stay in-the-know about all things personallines
|
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
