While it still may technically be a good commercial insurance market for risk managers, with flat rates predicted until at least late next year, top buyers and other experts warn there are caveats–such as extra time required to place accounts, new demands for transparency on both sides, and negotiations required over not just price, but terms and conditions as well.
“It is a buyer's market,” according to Steve Levene, practice leader for retail insurance brokerage business at Towers Perrin in Stamford, Conn. “The question is, are we at the bottom of the market, and how do we know?”
If this is, indeed, the bottom in terms of pricing–which appears to be stabilizing over the past few months–now would be a good time for buyers to look toward multiyear renewals, advised Mr. Levene.
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
© 2025 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.
