韦莱韬悦-2020年第二季度美国商业保险价格上涨近10％：2020年第二季度商业保险价格调查（英文）-2020.9-11页_391kb

报告摘要

Summary of "Surveying Commercial Insurance" (2020 Q2 Update)

Core Content

The document outlines the Willis Towers Watson Commercial Lines Insurance Pricing and Profitability Survey (CLIPS), a data-driven tool used to monitor and analyze pricing trends and profitability in the U.S. commercial insurance market. The survey is designed to provide insightful, confidential, and actionable information to participating insurance carriers and their shareholders.

Key Features of CLIPS

Purpose: To track price changes and loss ratios across different commercial lines of business, offering a benchmark for industry performance.
Data Source: Information is collected directly from participating insurance carriers, ensuring relevance and accuracy.
Confidentiality: Only participants receive detailed survey results, maintaining data privacy.
Frequency: Data is gathered quarterly, with estimated price changes and loss cost increases provided for the last two years.
Customization: Results are delivered in a customized summary format tailored to each participant's needs.

Main Points and Insights

Price Monitoring is Critical: The document emphasizes that in a competitive and evolving market, reliable price monitoring is essential for maintaining profitability.
Price Trends are Rising: There is a significant upward trend in price changes over recent quarters, as noted by the year-over-year price level change data.
Loss Ratios Improve: Preliminary loss ratios have improved in 2020, indicating better profitability for some carriers.
Market Segmentation: CLIPS provides insights at the line of business and account size level, allowing for detailed analysis of different segments:
- Small Commercial (by region)
- Middle Market Commercial
- Large Account Commercial
- Specialty Commercial Lines

Commercial Lines Breakdown

Line of Business	Small Commercial	Middle Market Commercial	Large Account Commercial	Specialty Commercial Lines
Workers' Compensation	Yes	Yes	Yes	Professional liability
Auto Liability	Yes	■ First dollar	■ First dollar	■ Medical
Auto Physical Damage	Yes	■ LDD and excess	■ LDD and excess	■ Lawyers
Package CMP/BOP	Yes	Auto Liability	Commercial auto	■ Architects and engineers
Commercial Property	Yes	Auto Physical Damage	■ First dollar	■ Other
General/Products Liability	Yes	Package CMP/BOP	■ LDD and excess	Directors and officers liability
Excess/Umbrella Liability	Yes	Commercial Property	Commercial Property	Employment practices liability
Surety Bonds	-	-	-	■ Contract
-	-	-	-	■ Other

Data Reasonableness: Submitted data is reviewed for reasonableness and consistency, but not subjected to an audit.

Benefits for Participants

Investment Analysts use CLIPS to understand the market dynamics and assess the profitability of commercial lines insurers.
CFOs of participating companies highlight the value of CLIPS in helping to balance pricing and retention strategies in a competitive environment.

Contact Information

Alejandra Nolibos FCAS, MAAA
Senior Director
Miami
Phone: 786 552 1130
Email: alejandra.nolibos@willistowerswatson.com
Jacob Roe FCAS, MAAA
Manager
Detroit
Phone: 248 936 7473
Email: jacob.roe@willistowerswatson.com
Website: www.willistowerswatson.com

Conclusion

CLIPS is a valuable resource for commercial insurance carriers and investors, offering detailed, confidential, and timely data on pricing and profitability. It enables companies to make informed decisions and understand their position within the market. The survey's customized reporting and segmentation by line of business and account size make it a comprehensive tool for strategic planning and performance evaluation.

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