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Commercial Lines Insurance Pricing Survey (CLIPS)

Started in 2005 and collecting data back to 2003, CLIPS is a source for benchmarks regarding historical changes in commercial property and casualty insurance prices and loss.

Once a quarter, participating companies provide us with premium volume changes in insurance prices for the latest quarter for each of the surveyed commercial lines of business they write, as well as their estimate of the changes in loss costs for that business. We compute changes in loss ratios from those price and loss cost movements.

Our data comes directly from insurance companies’ price monitoring systems, and we believe it is a more credible source for benchmarks than other survey information based on agent and broker perceptions of premium changes.

The data provided by our participants are segmented by line and by market: small, midsize and large accounts. Additionally, we capture data separately for specialty lines, such as directors and officers liability, errors and omissions, professional liability, employment practices liability and surety.

The detailed survey results by line and market are provided back to participating companies only and are not publicly available. However, we do share some aggregate results and directional commentary with the public.

…We continue to focus on balancing price and retention in this competitive market...Of the various commercial lines industry pricing surveys, we favor the Willis Towers Watson CLIPS survey because of its data collection methodology...”

Participating company CFO,
quarterly earnings conference call

For additional information about CLIPS or to sign up for the next edition, contact Jacob Roe: Jacob.Roe@willistowerswatson.com.

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