GuyCarp on per risk rate decline

At 4/1, rates on the earliest per risk renewals were down 9% to 10%, says Kevin Stokes of Guy Carpenter, about 30 seconds into this 1:33 video. Also, he says primary rates are down 5-6% and premium is down 2-3%.

It’s not clear if he’s confusing a decline in premium with a decline in rates, so you be the judge.

Update: More here.

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