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For Some Buyers, Commercial Insurance Market Is Going to Get Better, Easier: Willis April 23, 2021
North American buyers of commercial property/casualty insurance can expect an “ever-so-slight turn for the better” and a “less difficult marketplace” in the months ahead.
However, global broker Willis Towers Watson’s 2021 Insurance Marketplace Realities report adds, buyers will continue to face rising prices across most lines of business for the remainder of 2021.
Willis says the increases are primarily due to “increasing severity of losses” that have been the main driver of the hard market.
While affirming the continued toward pressure on pricing, the broker also offers some positive news for buyers in the report: