Directors and officers insurance pricing down in 2017 first quarter

Policyholders who renewed their directors and officers insurance policies in both this year and last year’s first quarters saw a 4.4% decrease in price per million in 2017, according to Aon Risk Solutions’ quarterly D&O pricing index report.

The average price for $1 million in limits decreased 8.7% vs. the prior-year quarter, according to the report.

 A total of 51% of primary policies renewing with the same limit and deductible had a price decrease, while 25% had a price increase, according to the report. The overall price charge for primary policies renewing with the same limit and deductible was an 0.8% increase.

A total of 91.8% of primary policies renewed with the same limit; 92.9% renewed with the same deductible; and 95.3% renewed with the same insurer, said the report.