D&O prices slip further in second quarter: Aon

Directors and officers liability insurance buyers again paid less for coverage for policies renewing in the second quarter as prices continued to fall, but the pace of the declines decelerated, according to Aon’s latest D&O pricing index.

The average price in the quarter for policies renewing with the same limit and deductible was 2.2% lower than the same period last year and the average price per million dollars of coverage fell 2.8%, the broker said.

40% of primary policies renewing on the same terms saw a price decrease, 46% renewed flat and 14% had an increase, Aon said.

Average D&O prices have been falling since early 2020, but the pace of decrease slowed in the second quarter compared with the first quarter (see chart).