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KBW: Commercial P/C Prices Will Continue to Increase


Posted on 11 Oct 2012 by Neilson

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Commercial Insurance PricingAccording to Keefe Bruyette & Woods Inc. in its third-quarter insurer earnings preview issued October 10, commercial property/casualty prices will continue to increase.

Analysts said they expect pricing pressures to remain “modestly upward.” U.S. commercial lines appear to be up in the 6-7 percent range and personal lines are rising in the 2-3 percent range. In reinsurance, the expectation for January 1 is generally flat, including catastrophes lines, despite what is shaping up to be a cat-free year, analysts said.

The KBW analysts also said they expect reserve releases to continue to slow.

“A year ago in (third quarter 2011), we saw 5.3% of reserve release benefit, and we expect at least a point of deterioration from that level,” they said.


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