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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> commercial insurance market

Soft market persists and fierce competition to continue into 2011

Posted by RJ and Makay on Oct 18, 2010
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A recent InsuranceInsurance Journal article reported the soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines.

According to a new report from broker Marsh, intense competition and overabundance of capacity continue to define the commercial insurance market, which is likely to remain stable into 2011 barring an unforeseen market-changing event.