European casualty market trends – WTW

In the European casualty market, insurers are now focused on growth, with the market now returning to profit as a result of the maintenance of underwriting discipline and careful risk selection consistently yielding positive underwriting results, said WTW in its “European Market Trends Q1 2024 Update”. However, competition among insurers, driven by a focus on expanding top-line growth, is leading to downward pressure on rates.