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Director’s and Officer’s Liability Market Update

By January 26, 2023May 3rd, 2023Business Insurance
Although the last few years in the directors and officers (D&O) liability insurance segments were characterized by double-digit rate increases and lowered capacity, market conditions proved more favorable throughout 2022. In the scope of publicly traded companies, rate increases and retentions moderated substantially—with many policyholders even encountering rate decreases. While the D&O segment has also started to stabilize for private and nonprofit companies, these companies are still deemed a higher risk by insurers than their publicly traded counterparts. As such, industry data confirmed that rates for these policyholders increased in 2022, albeit at a decelerated pace compared to prior years. Moving into 2023, industry experts anticipate that favorable market conditions will press on, paving the way for further premium stagnation and potential rate decreases.
BDI Insurance professionals see emerging trends in this important area.  Our report outlines emerging trends in the directors and officers (D&O) liability insurance market and provides tips for those seeking coverage.