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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.
This compares with a 1.6% increase in the first quarter of 2018, and a 2.8% decrease in the fourth quarter of 2017.
The report said for the second quarter of 2018, the overall price change for primary policies renewing with the same limit and deductible was up 2.6%. The average primary price decrease was 6.8%, while the average price increase was 8.7%.
A total of 96.2% of primary policies renewed with the same limit, while 85.4% renewed with the same deductible and 97.5% renewed with the same insurer.
The average price per million of directors and officers liability insurance fell 9.2% for 2017’s fourth quarter, compared with the same period last year, according to an Aon Risk Solutions survey issued Thursday.