Selective property loss cost trend assumption at 7% on increased severity impact: CEO
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Selective property loss cost trend assumption at 7% on increased severity impact: CEO

Farhin Lilywala
February 03, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
marchioni-john-2020.jpg

Selective CEO John Marchioni said that the company is incorporating a loss cost trend assumption of 7% for property, compared to 4% a year ago, driven by increased inflationary impacts on severity.

Speaking to analysts on a conference call, the executive noted that the carrier also increased its casualty loss cost assumption to 6% from 5.5%,

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Selective Earnings
farhin lilywala/farhin lilywala ii us.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article