P&C

Premium Increases Slowed But Challenging Conditions Remain

The Council’s Commercial P/C Market Index for Q4 is here.
By Zach West Posted on February 27, 2024

Nevertheless, Q4 2023 was still the 25th quarter of consecutive increases.

Almost all lines of business recorded smaller increases than in the previous quarter, often lower by a percentage point or more. Cyber premiums increased by just 0.7%, and D&O was even lower, at 0.1%.

Commercial property premiums rose by 11.8%, down noticeably from 17.1% in Q3 2023, but still the highest increase of all lines. All the same factors as in previous quarters were still at play: issues with reinsurance affordability and availability, climate change-driven natural catastrophe losses, and inflation.

Download the Q4 2023 report.

Zach West Content Specialist Read More

More in P&C

Risk Headwinds Blowing for Product Manufacturing
P&C Risk Headwinds Blowing for Product Manufacturing
Supply chain disruptions, regulatory concerns, and cyber risk are changing the s...
Sponsored By Nationwide
P&C EYES in the Sky
Aerial imagery is under scrutiny by state regulators.
AI Accomplice
P&C AI Accomplice
Q&A with Ashwin Kashyap, Chief Product Officer, CyberCube
The E&S Market Goes Mainstream
P&C The E&S Market Goes Mainstream
Q&A with Tim Whisler, Head of Wholesale, Americas, AXA XL
Sponsored By AXA XL
Smaller Lines, Bigger Profits
P&C Smaller Lines, Bigger Profits
New research illuminates the what and where of P&C industry ...
Beyond Reach
P&C Beyond Reach
As property insurance premiums and policy non-renewals escal...