Large vommercial premium increases are over, according to a study by broker network Assurex Global.
Large commercial premium increases are over, according to a study by broker network Assurex Global.
The study also found that the commercial market would enjoy lower rate increases and flat pricing over the next six months.
64% of Assurex's partners expected general public and product-liability premiums to keep rising at the 10%-25% rates they rose by in the first half of this year.
However professional liability continues to be one of the most problematic lines for brokers, it found, with 70% of respondents expecting increases of between 10% and 25%.
The broker noted that in construction, premiums have increased four times over the past few years.
Six out of 10 respondents from the sector reported that deductibles went up in the last six months.
