Guy Carpenter LLC said Monday that its full-year U.S. property catastrophe Rate on Line (ROL) Index, encompassing renewals between January and July — the vast majority of annual activity — increased 1.2% compared with 2023.
This represents a decrease from the 5.4% index value increase at Jan. 1, reflecting the impact of decreased pricing at mid-year, Guy Carpenter said in a statement.
Rate on line is a reinsurance pricing indicator that is calculated by dividing the premium paid by the limit purchased.
Pricing came down on a risk-adjusted basis and the comparatively flat index value reflected stable retentions driving greater catastrophe exposure into programs, according to the statement.
The Guy Carpenter ROL index is a measure of the change in dollars paid for coverage year over year on a consistent program base, the statement said.
