2022 Manufacturing Benchmark Preview

The manufacturing industry represents nearly 11 percent of the U.S. economy. According to the National Institute of Statistics of the U.S. Department of Commerce, manufacturing companies contributed $2.3 trillion, or 10.8 percent, to U.S. Gross Domestic Product in 2021. The 2022 Assurex Manufacturing Benchmark Report collected information on the purchasing decisions of over 1,200 of … Continue reading 2022 Manufacturing Benchmark Preview

2022 Education Benchmark Preview

The unique risk exposures of educational institutions create a host of challenges. They are required to protect the financial viability of their institution (including its endowment), assure the efficacy of its educational processes, and protect the school’s reputation, its staff, and its students. Educational institutions must also ensure compliance with regulatory demands and requirements while … Continue reading 2022 Education Benchmark Preview

2021 Q3 Commercial Insurance Pricing Trends

Market Observations • Market hardening trends persisted for the 16th consecutive quarter as CIAB survey respondents reported an 8.9% premium increase across all sized accounts. • Pricing increased across all business lines except Workers’ Compensation, which saw a 0.3% premium decrease. This decrease represents Workers’ Compensation’s first pricing reduction in five quarters. • Once again, … Continue reading 2021 Q3 Commercial Insurance Pricing Trends