Commercial Property Casualty Market Index Survey - Explained
What is the Commercial Property Casualty Market Index Survey?
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What is the Commercial Property Casualty Market Index Survey?
Commercial property casualty market index survey is a market report designed to examine insurance agents and brokers. The report is meant to give out information regarding the performance of the market on a quarterly basis. The report covers data such as premium rates in various commercial accounts. In addition, it keeps track of regional trends as well as providing overviews of the market conditions, including trends in price.
Back To: INSURANCE & RISK MANAGEMENT
How is the Commercial Property/Casualty Market Index Survey Used?
The quarterly survey is usually carried out to reflect variation in the damaged market and commercial property market. The survey may include things such as:
- Business accounts premium rates. This applies to all sizes of accounts including small, medium, and large.
- Track regional trends
- Current members post comments on the status of the market
Initially, the survey results are usually dispersed in the media mostly as a press release. The purpose of disseminating the results is to ensure that officials are educated on commercial damages. The CPCMS was founded in 1990, and in this kind of investigations, it is the longest-serving. 80% of participants contributed to the survey of the U.S. insurance premium. A biannual study known as Employee Benefits Market Index was also conducted during the survey. Note that there is a difference between commercial and residential property. The commercial property requires zoning that is separate from a residential property because it does generate income. It is mandatory to protect commercial property from damage just as the residential property is protected. Examples of commercial property include:
- Retail stores
- Industrial zones
Commercial Property Insurance Report Example
Lets assume that there is a broken pipe passing through a food store, and grocery toilet, which causes the shop to be flooded. Casualty insurance takes care of such types of damages. The period covered is always extensive, however, it all depends on the insurance contracts. Generally, liability insurance is included in casualty insurance. This is usually essential where there is damage, and the person or company is not able to meet the payment responsibility. Apart from damage, casualty insurance may also cover the following:
- What is insurance?
- Captive Agent
- Independent Agent
- Captive Insurance Company
- Combined Ratio
- Claims Adjuster
- Capital at Risk
- Assigned Risk
- Incurred But Not Reported
- Qualified Actuary
- Cession (Re-Insurance)
- Burning Cost Ratio
- What is an insurance contract?
- Accidental Means
- Anti-stacking Provisions
- What is an insurable interest?
- What are the common categorizations of insurance?
- National Association of Insurance Commissioners
- Insurance Regulatory Information System
- American Academy of Actuaries Definition
- American Association of Insurance Services Definition
- American Council of Life Insurance Definition
- American Insurance Association Definition
- American Risk and Insurance Association Definition
- LLoyd's of London
- Associate in Insurance Services (AIS) Definition
- Associate in Loss Control Management Definition
- Associate in Marine Insurance Management Definition
- Associate in Personal Insurance Definition
- Associate in Reinsurance (ARe) Definition
- Associate in Risk Management Definition
- Associate in Commercial Underwriting Definition
- Associate in Insurance Accounting and Finance Definition
- Associate in Surplus Lines Insurance Definition
- Chartered Insurance Professional Definition
- Chartered Life Underwriter Definition
- Chartered Property Casualty Underwriter Definition
- Vehicle insurancePrivate Passenger Auto Insurance Risk Profile
- Underinsured Motorist Coverage
- Uninsured Motorist Coverage
- Omnibus Clause
- Health Maintenance Organization
- Capitated Contract
- Point of Service Plan
- Children's Health Insurance Program
- Disability Insurance?
- Credit Disability Insurance
- Life Insurance?
- Cash Surrender Value
- Absolute Beneficiary
- Acceleration Life Insurance
- Accelerated Benefit
- Accelerated Option
- Accelerative Endowment
- Charitable Gift Life Insurance
- Incontestability Clause
- Waterfall Concept
- Assumed Interest Rate
- Clean Sheeting
- Hazard Insurance
- Homeowners, Renters, and Fire Insurance?
- Participating Community (Flood Insurance)
- Insurance Considerations for Business
- Business Liability Insurance
- Commercial General Liability
- Liability Risk Retention Act
- Excess Insurance and Umbrella Insurance Policy
- Business Interruption Insurance
- Key Person Insurance Definition
- Own-Occupation Policy
- Self-Funded Health Insurance Plan
- Basket Retention Policy
- Commercial Blanket Bond
- Alternative Risk Transfer Market Definition
- Commercial Property Casualty Market Index Survey
- What are the primary obligations of the insurer?
- Earned Premium
- Reservation of Rights Letter
- Collateral Source Rule
- What are the primary obligations of the insured?
- Insurance Premium
- Affidavit of Loss
- What is the general structure of an insurance contract?
- Ambiguity Principle
- Accommodation Line
- What are the common disputed provisions in an insurance contract?
- Absolute Exclusion
- All Risks Clause
- What is required for the termination of an insurance contract?
- Risk Management
- Professional Risk Manager
- Associate in Management (AIM)
- Financial Risk Manager
- Forecasting (Business)
- Objective Probability
- Unconditional Probability
- Enterprise Risk Management (ERM)
- Operational Risk
- Business Recovery Risk
- Political Risk
- Asset Protection
- Performance Bond
- Barra Risk Factor Analysis Definition
- Above Ground Risk (Mining Industry)
- Bumbershoot Policy (Maritime)
- Abandonment Clause (Boat or Vessel)
- Bobtail Liability Insurance (Trucking Industry)
- Anti-Indemnity Statute (Construction)