Commercial auto not expected to return to near-term profitability
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Commercial auto not expected to return to near-term profitability

Commerical auto IPCD.jpg

With record high economic inflation, continuing supply chain issues and proliferating nuclear verdicts, underwriters and brokers say the commercial auto industry will not reach rate adequacy for at least the next two to three years.

Sources expect rates to increase in the mid-high single-digit range through at least 2023, closer to 15% to 25% for higher-risk clients as insurers seek to address a long period of underwriting losses in the sector.


Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article