US commercial insurance prices rose 8% in Q1: Willis’ Clips
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US commercial insurance prices rose 8% in Q1: Willis’ Clips

Willis Clips line graph 6 2021 II.jpg

US commercial insurance prices continued to harden in Q1, rising by 8% overall, with the cost of excess casualty and D&O cover rising at double digit rates in many cases, according to data from Willis Towers Watson.

However, the level of price rises was lower than the 10% increase reported in the fourth quarter of 2020, indicating that the market cycle may have peaked.

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