Willis: Commercial rate increases likely to ease in 2022

2021-11-18

Pricing increases for commercial insurance in North America likely will slow in 2022, and rates could hold steady or decline for some lines, although cyberinsurance is among those with rates likely to continue rising sharply, Willis Towers Watson says. "Supply, in the form of additional capacity provided by insurance carriers, is up, and a rise in supply is doing what it does best: lowers prices," Willis' Jon Drummond says.

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