TRV - U.S. commercial insurance prices continue to rise but at a slower pace

ljubaphoto/E+ via Getty Images U.S. commercial insurance prices notched a significant increase in Q1 2021, according to Willis Towers Watson's (WLTW) Commercial Lines Insurance Pricing Survey. The survey compares prices charged on policies underwritten during Q1 2021 to those charged for the same coverage during Q1 2020 and finds that the aggregate commercial price reported by carriers is sub-8%, according to Willis Towers Watson. The price change isn't as high as the 10% Y/Y price increases seen in Q2 to Q4 2020. Excess/umbrella and directors' and officers' liability shows the largest price increases while workers compensation continues to signal "slight" price reduction. Yi Jing, director, insurance consulting and technology of Willis Towers Watson says, "the rate of price increases has moderated fairly significantly, all while still being elevated versus historical norms. This is evident by the absolute value of the movement from the fourth quarter of last year to now, which is

For further details see:

U.S. commercial insurance prices continue to rise, but at a slower pace