Trend | Range | |
---|---|---|
General liability, low/moderate risks | -5% to +5% | |
General liability, high hazard risks | Flat to +10% | |
Umbrella/excess liability, low/moderate risks | -5% to +5% | |
Umbrella/excess liability, high hazard risks | Flat to +10% | |
Auto liability | Flat to +10% |
There is a renewed emphasis on innovative risk management strategies tailored specifically for the casualty insurance sector.
Social inflation and socio-economic issues will continue to deeply influence and shape a new insurance landscape.
Growing unpredictability in forecasting the frequency and severity of Canadian natural catastrophe patterns creates pause in carrier approach to market, changes to appetite and ability to support clients.
Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).