Category Archives: Property

Marketplace Realities Spring 2016: It’s Still a Buyer’s Market, but…

Willis Tower’s Watson’s Marketplace Realities series includes line-by-line predictions for North American insurance buyers in 2016 and beyond. New Pieces in a Changing Puzzle At the macro level, the satellite view, much remains the same for insurance buyers: capacity remains … Continue reading →

US Property Insurance Rates Keep Falling

When the rate reductions of -12.5% to -17.5% we predicted for Q2 came true for many, we saw a lot of smiles on the faces of insurance buyers. The reductions, and the smiles, continue. In fact we are now seeing … Continue reading →

Construction Industry: Property/Casualty Market Review

Despite a decrease in 2014, net profit for the US property/casualty insurance industry has been on the rise since 2012. As better illustrated, net profits in the US property/casualty insurance  industry decreased 28.2% to $50.2 billion in 2014 compared to … Continue reading →

Marketplace Realities 2015 – Spring Update

commercial rate predictions 2015

The trend remains positive for insurance buyers, as softening conditions accelerate in 2015. Line-by-line details are available in our spring update to Marketplace Realities 2015,the long-running series featuring insights from Willis North America experts. But here’s an overview of where … Continue reading →

As Olympics Approach, Insurance Market Offers “Gold Medal” Protection

starting line

More than 10,500 athletes from 205 countries will come together in the biggest sporting event on the planet when the world’s attention turns back to Brazil for the Olympics in 2016. Continue reading →

Volatile Oil Prices Prompt Firms to Reassess their Risk Tolerance

falling oil prices

Oil prices have dropped 40% in the past six months alone, leading many oil companies to significantly curtail their production. Profit margins and cash flows have been considerably impacted as a result and now, the drastic drop in prices means … Continue reading →

TRIA: Epic Fail

TRIA

Congress’ failure to authorize an extension of the Terrorism Risk Insurance Program Reauthorization Act of 2014, (TRIPRA) has the potential to create serious disruption for many businesses who depend on the backstop for property, liability, workers compensation and captive insurance … Continue reading →

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 →

Feeling the Heat of Wildfire Risk

US Wildfire stats

An untended campfire. A tossed cigarette. A trash fire on a windy day. These are some of the typical sparks of wildfires. But the real source is seasonal dryness exacerbated by drought, which experts now say is being fueled by … 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 →