Benchmarking Trends: Fidelity/Crime Insurance Rates Rise

Renewal rates for fidelity/crime insurance firmed continuously over the last year, with average rates at renewal rising in each of the last three quarters.

Insurers continue to focus on risk selection, making risk differentiation the key to renewals.

The December edition of Marsh Risk Management Research Briefing: Benchmarking Trends focuses on fidelity/crime insurance rates and industry purchasing trends.

Highlights include:

• Renewal rates for fidelity/crime insurance coverage increased an average of 3.3% in the third quarter of 2012.
• Clients are still able to achieve flat renewal premiums.
• Those with favorable risk profiles may still achieve premium savings by taking certain steps.
• Of the major industries that purchase fidelity coverage, financial institutions buy the largest limits.