The average price for directors & officers liability insurance decreased 5.2% per $1 million in limits in the second quarter, according to Aon Commercial Risk Solutions.
Aon said the decrease compared to the same quarter in 2023 was the ninth straight quarter of year-over-year price decreases for D&O insurance purchased by publicly traded companies, and programs that renewed in the second quarters of 2024 and 2023 saw prices decline 6.2%.
Aon’s quarterly pricing index looked at primary policies that renewed with the same limit and deductible as the year prior. Of these, 68% got a price decrease, 21% renewed flat, and 11% received a price increase. The average price decrease for like-for-like renewals was 9.7%. The average increase was 7.2%.
Nearly all primary D&O policies in the second quarter (96%) were renewed with the same limit. The same deductible was renewed on 90% of policies. Just 1.4% of policies were renewed with a different carrier in the second quarter.
Focusing on each of the three months of the second quarter, Aon said 17% of renewals saw primary prices increase in April. Increases fell to 12% in May and 6% in June. However, the largest average price increase was in may, at 10.3%.
Topics Trends Pricing Trends Aon
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