reinsurance pool

Everyone Into the Pool

Insurance premium increases may have dodged a bullet for 2021, now that rates have been released, but what may happen to benefit rates in 2022 have experts divided. We are expecting that rates will rise in 2022 when the repercussions from COVID-19 start to wind down and insurance companies can take stock of their losses. 2021 is seeing on average a 3.6% cost increase, but what increases are in store for us in 2022 remain to be seen.