Tag Archives: market review

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

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 →

Marketplace Realities 2014: What IS Going on in Casualty?

Market up

Talk about a mixed bag. In the casualty marketplace, capacity is up, and that’s putting the brakes on rate increases—for some. For others, especially if your product line is on the higher risk end of the spectrum, the news is … 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 →

Video – Mixed Signals: Navigating a Mixed Marketplace

Video: Eric Joost speaks about Marketplace Realities 2013

A year ago we were searching for an inflection point between the end of a soft market, and the start of a hard market. So far, that has not happened. Rather, as we report in the 2013 Marketplace Realities report, … Continue reading →

Video – Aerospace Marketplace: The View from 30,000 Feet

Steve Doyle talks with WillisTV about the Aerospace Marketplace

We are going through a particularly benign loss period in the aviation insurance market. There has been $500m worth of losses in the first eight months of this year and just over $1bn worth of losses last year. Compare that with a five-year loss average of $2bn and you get two excellent years for underwriters. With premiums down overall 5% this year it looks as if these conditions are set to continue. I spoke to Willis TV about my view of the aviation insurance market as well as what it will take to significantly shift the market. Continue reading →