The US Casualty Insurance Market in 2017: 10 Trends to Watch
From interconnected technologies and drones to changing workplace dynamics and profit pressures, it’s a period of intense change for the casualty insurance marketplace. What’s in store in the year ahead?
In our annual look at the state of the casualty insurance market, Marsh’s US Casualty Practice looks at the key trends that we expect to shape buyer and insurer behavior in 2017. Among the highlights from “The US Casualty Market in 2017: Our Top 10 List”:
- To retain existing accounts and secure new ones, casualty insurers may offer more flexible coverage terms in 2017.
- As individuals — especially young people — move away from the traditional 9-to-5 workday model, businesses will need to address questions related to which individuals are eligible for workers’ compensation coverage and under what circumstances.
- As interconnected technologies take greater hold and autonomous vehicles, drones, 3D printing, and other new risks emerge, the insurance industry will need to address the blurred lines between specific forms of coverage, including general liability, product liability, cyber insurance, and auto liability.
Download the PDF to read the full list.