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Willis: US commercial insurance prices up less than 1% in Q4'17

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Willis: US commercial insurance prices up less than 1% in Q4'17

The U.S. commercial insurance sector experienced slightly higher pricing during the fourth quarter of 2017, but pricing growth remained under 1% on average for the 10th consecutive quarter.

Workers' compensation and directors and officers liability saw material price decreases, according to the latest Willis Towers Watson PLC Commercial Lines Insurance Pricing Survey. Commercial property prices witnessed increases in the low single digits after falling for much of the recent past. Price increases in commercial auto are now approaching double digits.