What is a Commercial Property/Casualty Market Index Survey?
Commercial Property/Casualty Market Index Survey is a survey carried out by the Council of
Insurance Agents and Brokers to examine insurance agents and brokers. The survey results in
a report concerning commercial property and casualty market, particularly about premium rates
over the different types of commercial accounts – small, large, and medium commercial
accounts. The survey is conducted quarterly.
The survey also observes and reports the latest trends and pricing in the commercial property
and casualty market. Market conditions overviews are also provided in the report.
The reports are mostly circulated in the media like press releases to ensure that the members of
the Council of Insurance Agents and Brokers are informed about the variation in a damaged
market. It also often includes comments from the current members on the market status.
Data gathered during the survey are supplied by the members of the Council of Insurance
Agents and Brokers. This factor is one of the reasons the report of the survey is received
globally as an authentic report.
Commercial Property/Casualty Market Index Survey excludes residential properties as they
have separate zoning from commercial properties and also because they do not generate
income. The Council has been conducting this survey since 1999.