Commercial property and casualty insurers continue to face a buyer's market, according to the April 2017 Market Update from the Kansas City-based brokerage Lockton Companies.
The report says P&C insurers can anticipate this business climate to continue.
“Despite low interest rates, ample capital and growth from new entrants are keeping terms and conditions at competitive levels,” the Lockton report says. “Most clients are benefiting from the refined offerings and increased specialization in product offerings from underwriters.”
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Elana Ashanti Jefferson
Elana Ashanti Jefferson is ALM PropertyCasualty360's Editor in Chief. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].
