Willis Towers Watson’s Joe Peiser discusses what insurance buyers can expect in the coming year.
Declining premium rates and abundant capacity point to a favorable market for property/casualty insurance in 2017.
While property/casualty insurance rates remain low, uncertainty over cyberrisk coverage and potential catastrophe losses looms.
Property/casualty insurance market cycles may one day become a thing of the past.
After almost three years of premium increases, the property/casualty market may be softening.
Even during a soft market, we know the hard market is inevitable. It’s the same thing that has happened over and over again and, as Einstein said, expecting anything else is the definition of insanity.
The financial crisis has made it difficult for businesses to make ends meet. But there is good news for insurance buyers who will be able to enjoy the low prices of a soft property/casualty market that shows every sign of continuing.