MarketScout: Rate Increases Pick Up Slightly in March

Commercial- and personal-lines rates both increaed by 3% in March, up from 2% in February.

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Commercial-lines rates were up 3% in March, a slight increase from the 2% increase in February, as insurers made adjustments to meet profit targets, according to MarketScout.

The 3% figure matches the increase seen in January.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

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 Now

Dig Deeper

Recommended Stories

P&C price hikes for developers: Why we're living in a materials world

Jack Cowie IV | June 24, 2022

New insurance challenges are emerging around the construction materials developers need to get their projects off the ground.

10 tips for a successful risk management career

Gary Pearce, CPCU, ARM | June 24, 2022

Discover ways risk managers can be more effective in their role and seize more control over their career path.

Top cyber insurance carriers of 2021

Elana Ashanti Jefferson | June 21, 2022

The cyber insurance market earned roughly $3.2 billion in premiums in 2021, according to the NAIC and S&P Global Market Intelligence.

Resource Center

Is selling more insurance enough to grow your business? Watch this video and learn how you can bring organization, analytics, automation and transparency to your service department in order to maximize efficiency and create a more profitable agency in 2022 and beyond.

White Paper

Sponsored by Vertafore

5 Reasons High-Performing Agencies Use a Service Enablement Tool

Is selling more insurance enough to grow your business? Watch this video and learn how you can bring organization, analytics, automation and transparency to your service department in order to maximize efficiency and create a more profitable agency in 2022 and beyond.

Browse More Resources ›

Download this infographic to learn how a modern insurance core platform can help you grow your business by accelerating product development, reducing maintenance costs and improving customer experiences.

Infographic

Sponsored by Socotra

Infographic: New vs Legacy Systems

Download this infographic to learn how a modern insurance core platform can help you grow your business by accelerating product development, reducing maintenance costs and improving customer experiences.

Browse More Resources ›

A global survey correlates higher data and analytics maturity with improved business performance and resilience. Download the research paper to learn eight key data and analytics trends in the insurance industry and how to improve your results.

Research Report

Sponsored by WNS

Achieving Next-Level Growth in Insurance with Data & Analytics

A global survey correlates higher data and analytics maturity with improved business performance and resilience. Download the research paper to learn eight key data and analytics trends in the insurance industry and how to improve your results.

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2022 ALM Global, LLC. All Rights Reserved.