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Marketscout: Soft Market Cycle Is Over

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Posted on 07 Dec 2011

According to results calculated by MarketScout, the Dallas-based insurance exchange, the soft market cycle is over. Richard Kerr, CEO of MarketScout, commented, "After six years and eight months the soft market cycle has finally broken. November 2011 is the first composite rate increase since the soft market began in February 2005."

Jumbo accounts, those over $1 million, are the only segment of the market measuring a rate decrease. These accounts were down 1 percent in November 2011. All other classifications, by either coverage, industry group or account size, measured flat or up as compared to one year ago at this same time.

The National Alliance for Insurance Education and Research conducted pricing surveys used in MarketScout's analysis of market conditions. These surveys help to further corroborate MarketScout's actual findings, mathematically driven by new and renewal placements across the United States.


Comments

 
Paul Neilson  Dec 12 2011 1:45PM Report Abuse
With all of the opinions on the market condition over the past few years one would expect to see it as a wagering line in Vegas...I guess you could look to the big board on Wall Street and make some wagers either way...This is very good data though and in line with the title of the soft market being history... Tell us your thoughts and leave a comment.
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