Acturis analysis of the commercial lines market in 2009 reveals that the struggling economy cancelled out the effects of rate increases and, overall, the market remained soft
The soft market lingered through 2009, Acturis’s preliminary annual data confirms. Business analyst Theo Duchen says: “Despite some promising signs, 2009 has not ended well and average premiums for most classes are no higher than they were in 2008, and below 2007.
“Hopefully in 2010 the positive signs from Q2 and Q3 2009 will continue, and average premiums will increase as the economy improves.”
Download the pdf to view the data.