Woodruff Sawyer’s 2022 D&O Looking Ahead Guide forecasted pricing relief on the horizon. This forecast turned out to be accurate, making 2022 renewals much less painful than 2021 renewals. During the first six months of 2022, pricing trends flipped from where they were in the second six months of 2021. In the first half of 2022, 69% of Woodruff Sawyer clients experienced a premium decrease—quite a dramatic shift from the 70% of clients whose premiums rose in the second half of 2021.
Source: What Will 2023 Bring to the D&O Market? Our Webinar Recap