MarketScout News

MarketScout: 2023 US Commercial Composite Rate Up 4.56%

According to the MarketScout Market Barometer, U.S. commercial property/casualty insurance rates rose 5.6% in the fourth quarter of 2023, resulting in a total composite rate increase of 4.56% for the whole of 2023. “Calendar year 2023 settled down a bit …

Q3 Commercial, Personal Rates Moderate: MarketScout

Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of commercial insurance business moderated except for business …

Q2 Commercial P/C Rates Hold; Personal Lines Slightly Decrease: MarketScout

Like the first quarter of 2023, the composite rate for U.S. commercial property/casualty lines increased 5% in the second quarter, according to MarketScout’s Market Barometer. The Dallas-based distribution and underwriting company, a division of Novatae, said most lines of coverage …

Q1 Commercial P/C Rates Hold Steady, Up 5%: MarketScout

In a “deliberate and modest fashion,” the composite rate for commercial property and casualty lines increases 5% during the first quarter 2023, according to MarketScout. The Dallas-based distribution and underwriting company’s Market Barometer showed cyber lead the way with a …

Cat-Exposed Property Highlights Q4 Rate Increases: MarketScout

According to MarketScout’s Market Barometer, the fourth quarter 2022 composite rate for U.S. commercial lines of insurance was up 5.1%. The Dallas-based distribution and underwriting company said property insurance “continues to be challenging,” with Q4 rate increases of 9.3% overall. …

Novatae Risk Group Acquires MarketScout; Kerr Named CEO

Managing general agent Novatae Risk Group said it acquired fellow MGA, MarketScout Corp., on Nov 1. Terms of the transaction were not disclosed. Richard Kerr, founder and CEO of Dallas-based MarketScout, was named CEO of Novatae, effective immediately. Steve Cook, …

Q2 Rate Increases Hold Steady: MarketScout

Personal and commercial rate increases stabilized virtually across the board in the second quarter of 2022, according to MarketScout’s Market Barometer. U.S. personal lines rates increased 5.16 % in the second quarter – close to the 5.2 % increase seen …

Rate Increases Steady in Q2: MarketScout

MarketScout said commercial property/casualty rates in the U.S. during the second quarter 2022 were about the same as the first quarter, with composite average rate increases across all lines of just over 5.9%. Increases were 6% in the first quarter …

Rates Up Again in Q1 as Signs May Point to ‘Stronger Increases’: MarketScout

During the first quarter 2022 buyers of commercial insurance saw average rate increases across all lines of 6%, according to MarketScout’s Market Barometer. The average increase remained consistent compared to the average increase of 5.8% observed in the fourth quarter …

Martin Joins MarketScout as Technology Analyst

MarketScout, the national electronic insurance exchange and specialty MGA headquartered in Dallas, Texas, has added Manoj Martin to its internal technology team. Martin will provide technical support to MIT, MarketScout InsurTech ventures. He has more than 20 years’ experience in …