3.0
Underwriters Weigh InTM Survey
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Q6
Industry-wide, do you expect D&O SIRs for mature public companies to go up, stay the same, or go down?
2025 Survey Results:
of underwriters expect D&O SIRs for mature public companies to stay the same or go down.
Woodruff Sawyer Commentary
With few exceptions, the market is probably at a stable level for SIRs.
Underwriter Comments
Some carriers don’t know how social inflation impacts defense costs.
Haven’t hit bottom yet, but close.
I think rates (premiums) will move first, SIRs are a secondary lever (in most cases).
Most of the larger retentions from the previous hard market have been reduced, and the clients that have a large retention want to have a larger retention.
They are probably already too low.