Insurance carriers are aggressively chasing markets and dropping prices to get business, a quarterly survey of insurance brokers indicates.
The survey results point to dramatic premium drops in some parts of the United States, said the Washington-based Council of Insurance Agents and Brokers, in releasing its latest report on commercial property-casualty premiums.
Noting comments the CIAB received from respondents, brokers said carriers are going to great lengths to grow market share, generating increased competition and prompting companies to loosen underwriting standards and price aggressively.
Recommended For You
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
