A hard property catastrophe reinsurance market is expected to affect commercial insurance lines pricing, according to Goldman Sachs.
The firm said that with the latest incremental inflation, pricing in property lines of business are likely to stop decelerating or potentially begin to accelerate again, as it began seeing some evidence of this in the latest pricing surveys from Ivans & Marketscout.
It expects commercial pricing to continue to show modest deceleration with the potential for pricing to come in flatter QoQ as inflation impacts property lines of business.