WTW-调查显示2020年第一季度美国商业保险价格再次上涨6％以上（英文）-2020.7-11页_379kb

Summary of "Surveying Commercial Insurance"

Core Content

The document discusses the importance of price monitoring in the commercial insurance industry, emphasizing that it is more critical than ever for companies to understand how their pricing strategies compare to the marketplace. It introduces CLIPS (Commercial Lines Insurance Pricing Survey), a survey conducted by Willis Towers Watson, as a valuable tool for tracking pricing trends and profitability across different segments of the commercial insurance market.

Main Points

• Price Monitoring is Essential: The document highlights that price changes have been trending upward in recent quarters, making it crucial for insurers to monitor their pricing relative to the market.

• CLIPS Overview:

  • CLIPS is a U.S. commercial lines pricing and profitability survey.
  • It provides reliable, data-based, free, and confidential insights.
  • Only participants receive detailed survey results.
  • It offers historical data on pricing and profitability, which is useful for strategic decision-making.

• Data Collection and Reporting:

  • CLIPS collects data quarterly from participating companies.
  • It includes estimated price changes by quarter for the past two years, factoring in both coverage changes and rate adjustments.
  • It also provides estimated increases in loss costs by year.
  • The data is customized and summarized for each participant.
  • The submitted data is reviewed for reasonableness and consistency, but not audited.

• Segmentation of Data:

  • CLIPS reports data at the line of business and account size level.

  • It includes four main segments:

    • Small Commercial (by region)
    • Middle Market Commercial
    • Large Account Commercial
    • Specialty Commercial Lines

  • Specific lines of business are mapped across these segments, including:

    • Workers’ compensation
    • Auto liability
    • Auto physical damage
    • Package CMP/BOP
    • Commercial property
    • General/products liability
    • Excess/umbrella liability

  • Specialty lines include:

    • Professional liability
    • Architects and engineers
    • Directors and officers liability
    • Employment practices liability
    • Surety bonds
    • Contract and Other lines.

• Use by Investment Analysts:

  • Investment analysts use CLIPS to assess industry trends and evaluate the performance of commercial lines insurers.
  • It provides a better benchmark for investors and management compared to other pricing surveys due to its data collection methodology.

• Benefits for Participants and Shareholders:

  • Participating companies and their shareholders benefit from insights provided by CLIPS.
  • These insights help in balancing price and retention in a competitive market.

Key Information

• CLIPS is a quarterly survey that offers detailed historical pricing and profitability data.
• It is not audited, but data is reviewed for reasonableness and consistency.
• The survey is free and confidential, with only participants receiving detailed results.
• It is used by investment analysts to gauge the industry’s performance and by company executives to make informed decisions.
• CLIPS provides segment-specific data, helping companies understand their position in the market relative to other insurers.

Contact Information

• Alejandra Nolibos FCAS, MAAA

  • Title: Senior Director
  • Location: Miami
  • Phone: 786 552 1130
  • Email: alejandra.nolibos@willistowerswatson.com

• Jacob Roe FCAS, MAAA

  • Title: Manager
  • Location: Detroit
  • Phone: 248 936 7473
  • Email: jacob.roe@willistowerswatson.com

• Website: www.willistowerswatson.com