Reinsurance News
The Council of Insurance Agents & Brokers
CIAB Q4’23 P/C market report: premium increases decelerate amid rising client concerns
5th March 2024
In the Q4 2023 report by The Council of Insurance Agents & Brokers (CIAB) on the Commercial Property/Casualty Market, premium increases have persisted for the 25th consecutive quarter, but at a slower rate. The average increase across all accounts is 7%, down from 8.1% in the previous quarter. However, there's ... Read the full article
“Premium increases easing off in 2022” – CIAB
19th August 2022
The Council of Insurance Agents & Brokers (CIAB) has noted that the rapid increase in premiums seen in late 2020 and early 2021 continued to ease off in Q2 2022, with respondents to its market survey reporting an average increase in premiums across all account sizes of 7.1%. Nevertheless, the firm ... Read the full article
Premium prices climbed further in Q4: CIAB
7th March 2022
A new market survey by the Council of Insurance Agents & Brokers (CIAB) has shown that premium prices climbed further in Q4 2021, marking the 17th consecutive quarter of premium increases. The average increase in premiums across all account sizes was 8.7%, down slightly from the 8.9% recorded in Q3 2021. Respondents ... Read the full article
Premium prices continued to increase in Q3, finds CIAB survey
24th November 2021
According to a new survey from The Council of Insurance Agents & Brokers (CIAB), premium prices continued to increase by 8.9% in Q3 2021, up slightly from the average increase of 8.3% recorded in the previous quarter. When segmenting the data by account size, large accounts had the highest increase out ... Read the full article
Moderate rate increases across most commercial P&C lines in Q2: CIAB
27th August 2019
The Council of Insurance Agents & Brokers (CIAB) has reported that premium pricing increased across all-sized commercial property and casualty (P&C) accounts in the second quarter of 2019. Similarly, all lines of business saw slight to moderate pricing increases during the quarter, with the exception of workers’ compensation. Commercial property and commercial ... Read the full article
Average cyber limit doubles & penetration levels increasing: CIAB
22nd May 2017
A number of factors continue to converge in the global cyber insurance space resulting in increased demand, while the average cyber policy limit has roughly doubled in the last six months, according to The Council of Insurance Agents & Brokers (CIAB). The CIAB's latest Cyber Insurance Market Watch Survey highlights some ... Read the full article