Premium pricing for directors and officers ( D&O) liability insurance has increased after staying flat for several years, according to Fitch Ratings. Fitch estimated industry statutory direct written premium will go up by 8% to 10% this year. The increase is due in part to the fact that more companies are offering their employees a choice of life insurance, which includes coverage against personal injury or death, as well as long-term disability insurance. In 2017 and 2018, full year loss ratios were at 62%.
Premium pricing for directors and officers (D&O) liability insurance has increased after staying flat for several years, according to Fitch Ratings. Fitch estimated industry statutory direct written premium will go up by 8% to 10% this year. A decline in underwriting capacity and reduced policy limits are delivering the larger rate increases, leading the direct loss ratio to fall to 57% in H1 2019. In 2017 and 2018, full year loss ratios were at 62%.