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Premiums have unsurprisingly continued to rise in the third quarter of 2020 as the market hardens further, according to the Acturis Commercial Broking Index
Check out the results of Insurance Age’s annual study into the top 50 brokers and providers in the personal lines market.
The hardening market along with the Covid-19 crisis has continued to push premiums up in the majority of product lines represented in the Acturis commercial broking index, fleet being the notable exception.
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Premiums have continued to rise with all of the product lines featured in the Acturis commercial broking index recording upwards annual movements in the first quarter of 2020.
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As 2019 closed, the Acturis commercial broking index equalled its base line of Q1 2010, representing a quarter of heavy increases in premiums over the year before
Willis Towers Watson and Confused warn of future increases as they publish data for Q4 2019.
The third quarter of 2019 brought year-on-year premium growth in all classes of commercial business but one, according to the latest set of data provided by Acturis.
Company warned that there is no end in sight to the recent rate hikes in the sector.
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Research by Willis Towers Watson and Confused.com also shows continuing fluctuations in average premiums.
Insurance Age has published the results of its annual study into the top 50 brokers in the personal lines market.
Contact Insurance Age to check whether your firm is eligible and be part of the wide-ranging market analysis.
The sector continued to display big pricing disparities across age groups and experts warn Ogden will increase market volatility.
Data gathered by the ABI finds repair costs climb to £1.2bn in Q1 2019, the highest since the ABI started the survey.