Prices for this Crucial Protection are Cooling Off

Around this time last year, our team predicted Directors and Officers Liability Insurance (D&O) price increases trending downwards towards flat renewals. Read it here

As 2022 winds to a close, the decreases are coming to fruition. According to Aon’s latest D&O Pricing Index, the average price per million in limits for D&O insurance fell for the second consecutive quarter. [1] “On average, primary policies renewing with the same limit, deductible and carrier saw a 4.0% premium price drop in Q3 compared to Q3 2021.” [2]

“Q3 marks the second quarter of year-over-year price decreases for the public company D&O market, following 17 quarters of increases. At the height of the hard market in D&O, the average price increase reached 26.2% in the first quarter of 2020” [3]. Q3 saw the number of securities class action filings dropped 8.5%, Aon reported, citing Stanford Law School’s Securities Class Action Clearinghouse. [4] This likely acted as one of the root causes of the premium cool-downs.

D&O should not be viewed as an expense, but as an asset to any company; policies cover managerial decisions that result in adverse consequences for both large and small companies alike. [5] It remains an excellent time to evaluate your current D&O risk management strategy. At Conrey, my team and I attack the root cause of what drives D&O rates with a proprietary system of data analytics and enterprise risk management proven to reduce total cost of risk. Contact me at to see how I can do this for your business.



Erin Ayers. (2022, November 2). D&O prices fall for the second consecutive quarter: AON. Advisen Front Page News. Retrieved November 4, 2022, from


IRMI – Directors and officers liability insurance. Directors and Officers (D&O) Liability Insurance | Insurance Glossary Definition | (n.d.). Retrieved September 28, 2021, from