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Insurance Prices Nearly Flat in Q4/2015

Survey shows that prices for most types of commercial insurance didn't move much at the end of last year.

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In a recent report, Willis Towers Watson finds that commercial insurance prices continued to moderate for the fourth quarter of 2015, but haven’t reached negative numbers, which is good news for businesses. Aggregate prices increased by less than 1 percent, according to the London-based risk management, insurance brokerage, and financial advisory company’s latest Commercial Lines Pricing Survey.

The survey compared prices charged on policies underwritten during the fourth quarter of 2015 to those charged for the same coverage during the same quarter of 2014. Willis Towers Watson found that the price changes reported by carriers continue a trend of moderation in increases that began in the first quarter of 2013.

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