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 - September 2021
MONTHLY RENEWAL PRICING 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 requesting more information on debt including when it is coming due, to whom it is owed, and relationships with creditors.
- Difficult private D&O classes include companies with nuanced risk profiles including those in healthcare, real estate-related businesses, cannabis, crypto, fintech, and unicorns (privately held startup companies valued at over $1 billion).
- Watch out for the following exclusions in private D&O policies—full anti-trust, major shareholder, biometric, security/privacy, and ERP restrictions.
- D&O underwriters are also affected by the worsening Fiduciary Liability market due to excessive fee litigation since Fiduciary is often combined with D&O.