The verbal rhetoric from the CIAB survey respondents was focused on further tightening of underwriting conditions as comments like “amplified market conditions,” “stricter terms” and “higher underwriting scrutiny” were commonplace.
CIAB Q4: The pricing cycle is dead, long live the cycle!
Last week, the CIAB released its survey data for Q4 commercial rates. In our view, it served as a perfect summation and accompaniment to the pricing disclosure and commentary shared by the carriers in the fourth quarter.