Both property and casualty insurance markets are in the midst of hardening, according to a survey of CFOs at leading North American P&C insurers.
The survey from Towers Watson finds that 75 percent of the 23 participating CFOs believe the current property market is hardening, hard or at the top of the cycle. Towers Watson says this represents "a nearly 30 percentage-point increase compared to results from this survey two years ago."
For the casualty market, 65 percent of respondents said it was hardening, hard or at the top of the cycle, a 52 percent increase compared to two years ago.
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