Insurance is cyclical and trends change over time. This report dissects Carrier renewal Volume, Rates and Premium changes at the industry, class and state levels to identify and stay on top of those trends. Surfacing sales relevant intelligence along the way.
Highlights
- 15% Growth in policy volume, 2x prior year
- Based on LCM filings, most competitive on Restaurants (9082) for new business with a 17% rate decrease
- LCM’s averaging 1.37 to 1.65 most recently
- Based on Premium, also most competitive on Restaurants at a 10% average premium decrease for new biz
- Renewal decreases indicate a willingness to fend off competition
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