D&O pricing rises in fourth quarter of 2018: Aon
Reprints
The price per million of directors and officers liability insurance for Aon PLC clients increased 11.6% for the fourth quarter of 2018 compared with the same period a year ago, the brokerage said in a survey report issued Thursday.
The price per million of D&O liability insurance for Aon clients that renewed in both the fourth quarter of 2018 and 2017 increased 8.6%, according to the survey.
A total of 12% of primary policies that renewed with the same limit and deductible had a price decrease, while 61% had a price increase.
The overall price change for primary policies renewing with the same limit and deductibles was up 3.6%, according to the report.
A total of 93.8% of primary policies renewed with the same limit, 80.2% renewed with the same deductible, and 96.9% renewed with the same insurer, according to the report.
For the full year, the D&O price per million was up 6.1% compared with the prior year, which was the first annual increase in the pricing index since 2003, according to the report.
The price per million for clients that renewed in both 2018 and 2017 was 3%. At total of 11% of primary policies that renewed with the same limit and deductible had a price decrease, while 50% had a price increase, according to the report.
The overall price change for primary policies renewing with the same limit and deductible was a 2.9% increase. A total of 93% of primary policies renewed with same limit, while 84.3% renewed with the same deductible, and 95.7% renewed with the same insurer.
Read Next
-
D&O insurance rates down slightly in second quarter: Aon
The price per million for directors and officers liability insurance for Aon PLC clients that renewed in both the 2018 and 2017 second quarters decreased 1.5%, said Aon Risk Solutions in a survey report issued Wednesday.
