This new report offers key survey takeaways and trends for major commercial product lines, professional liability and specialty lines based upon Willis Towers Watson’s Commercial Lines Insurance Pricing Survey (CLIPS). This retrospective look at commercial P&C prices, is based on both new and renewal business figures, across all segments (including small commercial and so-called “main street” business), obtained directly from carriers underwriting P&C business.
CLIPS participants represent a cross section of U.S. P&C insurers that includes many of the top 10 commercial lines companies and the top 25 insurance groups in the U.S. The most recent CLIPS survey showed that twenty four 2020 aggregate U.S. commercial insurance prices increased almost 10%, the highest Q2 increase reported since 2003.
We thank Willis Towers Watson for sharing this report with our audience.