Evidence of a market turn continues to mount, as a survey of commercial-lines executives shows rates rose 3 percent in 2011's fourth quarter—and recent analysis contends that rates could climb by as much as 10 percent over this year.
In its most recent Commercial Lines Insurance Pricing Survey (CLIPS), Towers Watson says the 3 percent rise in rates in Q4 2011 compared to Q4 2010 continues the trend of a progressive rise in rates.
The quarterly survey, conducted since Q2 2003, showed that insurance pricing had been in soft-market decline since 2004's third quarter, with slight positive growth in 2009's second quarter.
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.
