Author: Phil Norton
![2021 Market Conditions Report: Public Company D&O](https://www.ajg.com/us/-/media/images/gallagher/us/news-and-insights/aa_listing-image-library-full-size/shutterstock_368065274/622x402.jpg?h=402&w=622)
As this year begins, our forecast regarding the state of the Directors and Officers (D&O) marketplace in 2021 is for another year of similar hard market challenges and large increases, though with real improvement compared to 2020. Recall that 2019 was a firming market with consistent but smaller price increases, and little differentiation by industry sector. Then the marketplace accelerated into 2020 and COVID-19 further exacerbated the situation as it brought on additional strain and financial stress, cementing hard market conditions. The difficulty of your D&O renewal was suddenly more aligned with your industry than ever. While carriers expect that 2021 is more of the same, including substantial increases in D&O premium, we at Gallagher clearly think that this is not the whole story as increases should be less in 2021.
Explore how our experts assess the current hard market conditions for public company D&O liability and forecast 2021 and beyond.