Property Overtakes Cyber as Most Troubled Line in Q4 2022

The Council’s Commercial P/C Market Index for Q4 is here.

By Zach West Posted on February 22, 2023

Results showed continued signs of premium pricing moderation, though premiums nevertheless continued to climb.

The one line that did not experience any moderation this quarter was commercial property, with premiums increasing 16.0%. It was the first time in 7 quarters a line other than cyber had the highest average increase in premiums.

Download the Q4 2022 report.

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Q2 2023 was the 23rd consecutive quarter of premium increases, at 8.9%. Medium-sized accounts saw the highest increase, at 9.8%, though only slightly higher than the 9.7% increase in premiums for large-sizedaccounts.

P&C Growing Fatigue Among Insureds Due to High Rate Increases