Jul 26, 2022
Guy Carpenter US Property catastrophe ROL index at highest level since 2009
Reinsurance broker Guy Carpenter (a division of Marsh McLennan) has produced its latest chart of its proprietary US property catastrophe Rate-On-Line ("ROL") index, showing that it has reached the highest level since 2019 following the 2022 mid-year US property catastrophe renewals.
This represents a rise of almost 15% since the beginning of this year and the biggest increase in the Guy Carpenter US property reinsurance ROL index since 2006 and 51% higher than the previous 2017 low point in 2017.
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"Guy Carpenter’s US Property Catastrophe Rate-on-Line (ROL) index is a measure of the change in dollars paid for coverage year-on-year on a consistent program basis. The index reflects the pricing impact of a growing or shrinking exposure base, evolving methods of measuring risk and changes in buying habits, as well as changes in market conditions."