The US Casualty Market in 2016: Our Top 10 List
How low will casualty insurance rates fall this year? What effect will insurer consolidation have on the marketplace? How is technology — from wearable devices to social media to drones — changing the risk profile for businesses, and how insurance claims are managed?
These are just some of the questions casualty insurance buyers are facing in early 2016. In our annual look at the state of the casualty insurance market, Marsh’s US Casualty Practice examines these and other trends that we expect to shape buyer and insurer behavior in the year ahead.
Among the highlights from “The US Casualty Market in 2016: Our Top 10 List”:
- Insurers are expected to remain aggressive and flexible on terms and conditions and pricing for most casualty lines — but will apply more scrutiny to individual risks.
- Insurers from Asia and Europe will continue to expand into the US.
- Insurers that have broken down siloes between domestic and international casualty operations will prove attractive to clients.
- Employers will increasingly embrace wearable devices and telemedicine to prevent injuries and drive better workers’ compensation claims outcomes.
Download the PDF to read the full report.