Tag Archives: market review

Marketplace Realities: Edge of a Cliff?

Marketplace-Realities_Oct2014

It’s long been common wisdom in the insurance business that whatever we say about rates should come with an asterisk. The asterisk refers to a note that says something along the lines of, “Of course, in the event of a … Continue reading →

Rate Reductions of Up to 30% in Construction, Property & Casualty

Willis CPC: Property Rating Trends, 2014 Q1-2

Following an unconventional 1st January treaty renewal season, the big question on the lips of corporate buyers and their advisers is how much of this reinsurance cost reduction will insurers pass on to them? Continue reading →

U.S. Casualty Market Trends: Q1 2014

casualty-trends-Q1-2014_twin-peaks

Our auto and general liability rate trends for Q1 are bringing us back to the ‘90s—at least for those who remember the TV show Twin Peaks. We’re seeing twin peaks in our statistical analysis graphs, meaning there are two distinct … Continue reading →

Auto Liability Market Trends: Q1 2014

Auto Liability Market Trends: Q1 2014

Primary auto rate increases are averaging +2.7% countrywide, which continues a downward trend from +3.3% last quarter and +3.9% for the previous quarter and +4.4% a year ago. Continue reading →

Workers’ Compensation Market Trends: Q1 2014

Workers Compensation: Large Account

The average reported rate increase for Workers’ Compensation is approximately +5.0% on a countrywide basis, down about 2.5% compared with the average rate increase of 7.5% from our March 2013 report. Continue reading →

Marketplace Realities: Predictions for the Season Ahead

Willis commercial rate predictions: 2014

Our new line-by-line price predictions for the insurance industry in North America coincide with the start of the baseball season, and along with baseball fans everywhere, we’re full of hope – in this case, that the marketplace will continue to … Continue reading →

Warranty & Indemnity (W&I) Market Update

W&I Market Update

Based on our growth and from conversations with the market we anticipate that the market generally has seen an increase in the region of 20%-25% in the number of policies placed (compared to 2012) and on a global basis you … Continue reading →

Marketplace Realities 2014: Rising Rates for Terrorism and Political Risk

world in crosshairs

No doubt there’s a certain satisfaction when the marketplace predictions we make in October start proving right in February. But it’s hard to celebrate when those predictions called for rising prices for our clients. That’s what we predicted in the … Continue reading →

What’s Behind the Property Buzz in North America

Marketplace Realities: Perperty

“So rates in the property market are coming down and everyone wants to know why” begins the latest video commentary from David Finnis, National Property Practice Leader for Willis North America. Continue reading →

How the Property Marketplace is Reacting to Sandy

Hurricane Sandy: NJ. A handout photograph provided by the US Air Force on 31 October 2012 shows aerial views of the damage caused by Hurricane Sandy to the New Jersey coast, taken during a search and rescue mission by 1-150 Assault Helicopter Battalion, New Jersey Army National Guard, in New Jersey, USA, 30 October 2012. Credit EPA

Even before all the lights are back on in the Northeast, Superstorm Sandy is changing our view of the property market.  With recovery and assessment activity underway, claims continue to escalate and the insurance marketplace is reacting. Continue reading →