In a classic “good news, bad news” report, Willis Towers Watson finds that commercial insurance prices continued to moderate for the fourth quarter of 2015, but haven’t reached negative numbers, which is good news for businesses.
But here's the bad news for insurers during the same time period: Aggregate prices increased by less than 1%, according to the London-based risk management, insurance brokerage and financial advisory company's latest Commercial Lines Pricing Survey.
The survey compared prices charged on policies underwritten during the fourth quarter of 2015 to those charged for the same coverage during the same quarter of 2014. Willis Towers Watson found that the price changes reported by carriers continue a trend of moderation in increases that began in the first quarter of 2013.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
