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

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