United States Insurance Market Report 2016

Ample capacity and insurer competition generally put downward pressure on rates in most coverage lines in 2015, a trend expected to continue in 2016, barring unforeseen changes in condition. Other significant developments that bear watching throughout 2016 include demand for cybersecurity coverage across all industries, large-scale mergers and acquisitions, executive leadership changes, and recent announcements regarding potential and actual reinsurance underwriting. These developments may ultimately produce positive outcomes, such as a prolonged healthy, competitive market with higher levels of innovation, new product offerings, and improved service.