Aon D&O insurance clients see continued rate reductions
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The price per million in directors and officers liability insurance limits for Aon Risk Solutions clients that renewed in both the first quarter of 2017 and 2016’s first quarter decreased an average of 4.4%, says the broker in its quarterly D&O pricing index report.
This compares with the 10.8% decrease reported for the fourth quarter of 2016 vs. the comparable quarter in 2015.
With 91.8% of primary policies renewing with the same limit, 51% experienced a price decease, while 25% had a price increase.
The average primary price decrease was 6.5%, while the average price increase was 20.3%, according to the report. The overall price change for primary policies in the first quarter was a 0.8% increase.
The index also shows that 92.9% of primary policies renewed with the same deductible, and 95.3% renewed with the same insurer.
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