SSREY - Commercial Property Insurance Rates Broadly Firming Say WTW And Credit Suisse
Commercial property insurance rates are broadly firming, with rate increases seen even on loss-free accounts, while catastrophe loss exposed accounts are experiencing increases of 15% and higher.
This upwards pressure on commercial lines pricing is expected to persist through 2019, according to Willis Towers Watson, who sees an increasing level of discipline in the market.
Meanwhile, analysts at Credit Suisse (CS) highlight that large account commercial pricing is rising almost across the board, as even loss free accounts price up at renewals.
This is all despite a continued abundance of capacity, as insurance companies remain