Broking giant Willis Towers Watson has predicted further stability for North American commercial insurance moving into 2022, thanks to strong capital returns and growing rate adequacy confidence.
The broking giant welcomed this in its report, considering it evidence of a segment breaking free from the steep and relentless cycles which had come to define it.
In its explanation of how commercial insurance in the region of had fallen into the cycles, WTW points to a systematic rise in risk driven by heightened catastrophe losses, likely driven by climate change.