Marine Insurers Face Rising Claims & Planning Rate Hikes for 2025
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
“Commercial Insurance Rate” focuses on analyzing and reporting current rates for commercial insurance policies. This category offers insights into the pricing trends, factors influencing rate changes, and comparisons across different insurance providers. It aims to help businesses understand the cost dynamics of various commercial insurance products, including property, liability, and worker’s compensation insurance.
The reviews and analyses provide a clear overview of rate fluctuations, helping businesses make informed decisions about their insurance coverage and budgeting. This category is essential for businesses seeking to optimize their insurance expenses and ensure adequate coverage at competitive rates.
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
The U.S. commercial lines insurance segments are being challenged by slower revenue growth, inflation-based claim uncertainty and less favorable loss reserve experience
The value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 151.4 billion
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in commercial insurance lines and personal lines rates support topline growth
The estimated insurance claims bill from the sequence of earthquakes that hit Turkey and Syria earlier in February appears to be growing
Global commercial property and casualty (P&C) insurance lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest
Raising revenue hasn’t been an issue for most nonlife insurers, thanks to some of the highest property-casualty insurance rate increases posted in years
Global commercial P&C (non-life) insurance market, 145 insurer (carrier / underwriter) groups had GDPW in this category of more than USD 1 billion