Canada Insurance Market Rates Declines Across Property, Casualty, Cyber Lines
Canada insurance market saw further rate declines in 2024, with property, casualty, financial, and cyber lines experiencing reductions. Property insurance rates fell 3%
Property and casualty insurance (P&C insurance) are types of coverage that help protect you and the property you own. Property insurance helps cover stuff you own like your home or your car.
P&C insurance is focused on risks that result in loss to property and possessions. Some examples of this include: Auto insurance, which covers losses to individuals and property due to accidents and other unforeseen events.
Property and casualty insurance is a term describing the two forms of broad coverage that financially protect you if the property you own is damaged, lost, or stolen (“Property”) or if you are responsible for causing injury to another person or damage to his or her property (“Casualty”).
Canada insurance market saw further rate declines in 2024, with property, casualty, financial, and cyber lines experiencing reductions. Property insurance rates fell 3%
Insurance rates in Europe declined 2% in the fourth quarter of 2024. The European insurance industry faced a year of changes and challenges
The UK insurance market experienced a shift in 2025, with property, casualty, and financial lines seeing notable rate declines, while motor insurance remained an exception
The Global Insurance Market Index is proprietary measure of commercial insurance rate changes at renewal. Below are insights into the US insurance market
U.S. P&C Insurance Market: Continued Growth and Improved Underwriting Through 2026
WTW has analyzed natural disasters, key lessons, and emerging trends. The assessment will focus on physical and vulnerability NatCat factors
The U.S. Property & casualty insurance market faces rising loss costs, driven by inflation, severe weather events, and litigation trends
Los Angeles wildfires to be a major catastrophic event for the insurance industry. Analysts indicate that the re/insurance sector remains well-capitalized to manage losses
Cyber incidents, changes in climate, and business interruption are the chief risk concerns among key marketplace segments in the insurance industry
Statutory underwriting performance in the U.S. property and casualty insurance industry saw strong revenue growth, a return to underwriting profits in 2024
Hurricane Milton is not likely to affect credit for rated property and casualty insurers and global reinsurers given very strong capital levels
Primary insurers have varying levels of exposure to climate risk, with the property and casualty insurance markets in the US and Japan identified as the most sensitive
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
U.S. property and casualty (P&C) insurance industry achieved its best underwriting performance in over 15 years in 2024. The industry has turned a corner
The mid-year 2024 results for North American property and casualty insurers indicate strong operating returns across sectors. Improved underwriting results and higher investment income
The U.S. property and casualty insurance market is set for a return to underwriting profitability and significant improvements in return on capital
$1.2 bn in lightning-related homeowners insurance claims were paid to more than 70,000 policyholders in the U.S., with $194 mn attributed to Texas alone
Home insurance premiums in Florida rose at a much lower rate than originally projected in 2023 (80% less) and 2024 (60% less)
U.S. property and casualty insurers will see some relief in 2024 year following a rough 2023 as a personal auto line recovery contributes to statutory profit improvement
The U.S. property and casualty (P&C) insurance sector experienced subdued statutory financial performance, primarily due to a decline in personal lines
The U.S. insurance industry experienced a notable number of layoffs, particularly within the property and casualty, P&C insurance sector
Q4 has historically been an important time for the Property insurance market, as the peak reinsurance renewal season approaches, and the Atlantic hurricane season runs
US P&C insurance industry continued to generate significant underwriting losses in 2024 despite strong premium growth
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in US commercial insurance lines and acceleration in personal lines rates
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 151.4 billion