Latest reinsurance renewal commentary from Guy Carpenter
The Guy Carpenter U.S. Property Catastrophe Rate on Line Index increased by almost 15 percent for January 2022 through July 2022 renewals – which was the largest jump in this Index of reinsurance pricing and rates-on-line since 2006.
John Doyle, President and COO commented, “Midyear renewals reflected one of the most challenging property markets in many years with pricing driven by inflation, escalating geopolitical risk, and loss experience.
“Throughout the first half of the year, we saw some reinsurers take tougher positions on specific terms and conditions and shift portfolios to limit capacity in certain lines of business or geographies.”
* Preliminary numbers.
- View the Guy Carpenter Global Property Catastrophe Rate-On-Line Index.
- View the Guy Carpenter Regional Property Catastrophe Rate-On-Line Index.
The Guy Carpenter ROL index is a measure of the change in dollars paid for coverage year on year on a consistent program base. The index reflects the pricing impact of a growing (or shrinking) exposure base, evolving methods of measuring risk and changes in buying habits, as well as changes in market conditions. Unlike risk-adjusted measurements, the index is not dependent on the model or method used to measure the amount of perceived risk in a program, which can vary widely.