2024年二季度调查商业保险定价和盈利能力（英）

Commercial Insurance Pricing and Profitability Update (Q2 2024)

Key Points

Price Monitoring

• Moderate to Significant Rate Increases: Most lines saw moderate to significant rate increases in Q2 2024 compared to the same period in previous years.

Underwriting Results

• Favorable Loss Ratios: Loss ratios have continued to improve, with a year-over-year decline in earned loss ratios from -5.0% to -2.0%.

Comparison to Industry

• CLIPS Survey: WTW's U.S. commercial lines pricing and profitability survey provides detailed and confidential information directly from carriers. The survey collects estimated price changes and loss cost increases over the past two years, offering year-over-year percentage changes and adjustments for coverage changes.

Line of Business and Account Size

• Detailed Data Collection: CLIPS data is reported at various levels including small commercial, middle market commercial, large account commercial, specialty commercial lines, and specific types such as workers' compensation, auto liability, commercial property, and cyber.

Industry Insights

• Investment Analysts: Investment analysts use CLIPS to gauge the industry's performance, finding it a valuable benchmark for understanding commercial lines pricing and profitability.
• Participant Benefits: Participants and their shareholders benefit from insights provided by CLIPS, which help in balancing price and retention strategies in a competitive market.

Survey Process

• Quarterly Updates: The survey is conducted quarterly, with data submitted by participating companies and distributed back to them in customized summaries.
• Review and Distribution Timeline: Data is reviewed for reasonableness and consistency but not audited. Surveys are distributed around October 1, with submissions due by October 31, and results distributed by December 1.

Summary

The commercial insurance sector is experiencing moderate to significant rate increases, with favorable underwriting results reflected in declining loss ratios. The WTW Commercial Lines Pricing and Information System (CLIPS) survey provides detailed, confidential, and timely data to help participants understand their position relative to the broader market. This information is crucial for balancing pricing and retention strategies in a competitive environment.