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U.S. commercial P&C rates declined by an average of 1% in July 2016, in line with the 1% reduction witnessed in June as insurers continue to push for an end to any further rate reductions, according to market commentary from MarketScout and Keefe, Bruyette & Woods (KBW).

Following two consecutive months of U.S. commercial P&C average rate declines of 2%, the deceleration trend witnessed earlier in the year was evident again in June with rates down by an average of 1%, suggesting that insurers are perhaps unwilling to cut rates any further.

The slight deceleration of U.S. commercial P&C rate declines witnessed in recent months has come to an end, as rates declined by an average of 2% during May 2016, the same as in April, according to data from MarketScout and Keefe, Bruyette & Woods (KBW).

U.S. commercial P&C rates declined by an average 2% during April, continuing the slight deceleration witnessed in March when compared with the -4% declines in previous months, according to MarketScout and Keefe, Bruyette & Woods (KBW).

In a slight improvement on the -4% decline witnessed in recent months, U.S. commercial P&C rates declined by an average 3% year-on-year in March, as insurers somewhat diluted their aggressive stance on pricing, according to MarketScout.

In line with the previous two months U.S. commercial P&C rates remain down 4% year-on-year in February, as low volumes contributed to little movement in rates across the majority of business lines, according to recent commentary from MarketScout, and Keefe, Bruyette & Woods (KBW).

After constant declines in commercial P&C rates through the final months of last year 2016 has seen the trend continue, with MarketScout reporting average declines across the U.S. commercial P&C sector of 4% in January.

Continuing to accelerate the rate of decline witnessed in the last few months, U.S. commercial P&C rates were down by -4% in December, as the battle amongst insurers for market share continues, according to the latest commentary from MarketScout and KBW.

U.S. commercial P&C insurance lines experienced average rate decreases of -3% during November, accelerating the -1% movement in September and -2% decline seen in October, according to the latest industry commentary from Keefe, Bruyette & Woods (KBW), and MarketScout.

The most recent industry commentary from Keefe, Bruyette & Woods (KBW) and MarketScout reveals that U.S. commercial property and casualty (P&C) insurance rates declined by 1% during September, following a flat August.