The REDY Index leverages CRC Group’s collection of actionable data – the wholesale industry’s largest. It provides critical pricing analysis monthly, giving you a snapshot of the marketplace. The REDY Index generates instant intelligence on pricing trends by industry or coverage, enabling our retail partners to set accurate data- driven expectations with their clients. Removing the guesswork empowers CRC team members to negotiate competitively, consistently producing better outcomes, better deliverables, and better results.
PRIVATE D&O REDY INDEX FEBRUARY 2021
MONTHLY RENEWAL RATE ANALYSIS | PRIMARY AND EXCESS
Results displayed above reflect average CRC Group Private D&O renewal pricing changes by month (over the previous 13 months). Results are limited to accounts that renewed in the same month as the prior year with the same total account limits. To remove outliers, the top and bottom 1% of accounts by YoY % change have been removed, as well as the top and bottom 1% of accounts by rate on line (Premium/Limit*100). The REDY Index is intended for educational purposes only as individual accounts typically differ from average pricing trends.
PRIVATE D&O EMERGING ISSUES
- Insurers are taking a much stronger stance on a company’s financial strength, requesting information on how COVID-19 affects business. COVID-19 supplemental applications are typical.
- Watch out for exclusions in private D&O policies that include bankruptcy, creditors, and infectious diseases.
- Difficult private D&O classes include nuanced risk profiles, healthcare, and real estate-related businesses.
- D&O underwriters are also affected by the worsening EPL claim environment since they also write EPL in combination with private D&O.