Guy Carpenter ROL Index up 1.2%

Guy Carpenter LLC said Monday that its full-year U.S. property catastrophe Rate on Line (ROL) Index, encompassing renewals between January and July — the vast majority of annual activity — increased 1.2% compared with 2023.

This represents a decrease from the 5.4% index value increase at Jan. 1, reflecting the impact of decreased pricing at mid-year, Guy Carpenter said in a statement.

Rate on line is a reinsurance pricing indicator that is calculated by dividing the premium paid by the limit purchased.

Pricing came down on a risk-adjusted basis and the comparatively flat index value reflected stable retentions driving greater catastrophe exposure into programs, according to the statement.

The Guy Carpenter ROL index is a measure of the change in dollars paid for coverage year over year on a consistent program base, the statement said.